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During this time the one thing I wanted more than anything else, was a large fat epic record of all of the potential passive income streams there were.
Unfortunately no one has even till this day made a complete list. I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income flow from my mind, my notes and the net interwebs!
PS if you want to cut to the chase you can get access to 3 of my favorite passive income thoughts right here or you can check out 30 of my favorite real-life passive income businesses here.
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Ie first you need to haul ass and do something mad, eg compose a quality 20,000 word ebook (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional work.
As you can see passive income streams simply come out of resources, and assets are either bought with money (eg rental property) or in the event of most of the ideas under, purchased through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to compose a 60-80 page ebook, not difficult to sell say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to maintain a large whack of the pie after paying affiliates. Hells yeah! visit this page Continue reading .
Who doesnt enjoy some down and dirty affiliate commissions! Especially in the event that you realize it can be even simpler to earn money this way than using an ebook. After all, you simply need to concentrate on pumping out some content to your own site and getting the traffic in, often via Google or social websites. Unsurprisingly, most people can enjoy their very first affiliate sale within 30 days of starting a site. Continue reading >.
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If you told me several years back that this might end up being my #1 source of passive income, I'd have slapped you silly and called the men in white coats to come take you away! And thats because back then selling goods online was insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only simple, but it can be particularly rewarding as Ive found out. Continue reading >
Investing is arguably the simplest way to produce passive income. The issue is most investments sound great in image source theory however dont work out so well in practice. And if you dont have much experience or access to capital, let alone the time to work it all out, it can seem more or less impossible. But, there is one clever way to invest that just might work. Continue reading .
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Were talking a members-only multimedia-driven website here. And before I even dive into this idea with you, I have to say right up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some great operators online pull it off superbly. But I must confess Ive never personally earned passive income by a setup similar to this before.
Ill be putting something together soon though as a working case study. However, in the meantime, I really want to share this idea with you because it's quite fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense upward in there. Continue reading >
Think easy Google-friendly content website with a top converting inquiry type for capturing information (possibly even a free report attached to this or something else to improve conversion). Continue reading >
Construct and SEO optimize a website for people looking to convert 8mm home movies to DVD / USB. Continue reading >
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Haha, nah apps arent that expensive to get made anymore. And if you want to create a mainly info-based program there are plenty of easy to use programs online for DIYing this for a few hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they include up to profit, apart from the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >