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There are many different strategies to generate residual income over a huge variety of businesses. It may be recurring income by the same customers or the earnings of a product to new clients. It may necessitate no personal involvement whatsoever, such as an e-book sold on a web site, or it may require some personal interaction, such as the insurance agent calling the client to remind them regarding their renewal.

Note that this is different from recurring income which may still require your involvement to earn your income. By way of instance, a coach or consultant on a monthly retainer, or a caterer who delivers lunch every Monday to the local school board has recurring income, however it comes from recurring work that limits on your earning ability based on your own personal production capacity. .

This frees the work of other people to make income for you. Some examples of leveraged income include:

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An e-book writer selling her e-book through affiliates that promote the product.A network marketer that builds a downline and receives commissions on the sales made by people in his downline.A general contractor who makes a profit margin on the work done by subcontractors.Franchising your business model to other entrepreneurs (the ultimate leveraged income). .

Again, there are many different versions in many different businesses. The key is that you're making money from other people's labor, rather than mainly your own. Note that leveraged income might or might not be residual income. When you combine them, that is even better.

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This type of income requires your immediate participation, but you can earn more money by having more people involved. This generally involves a one-time event, such as:

Though these require your direct participation, your earning potential is a lot greater than when someone was paying you an immediate hourly fee. Fill a room with 1,000 individuals paying $50 each and you can cover your facility price, promotional price, and staffing fees home and still have a nice chunk of change left over. .

From the smart notions like an online path to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about pretty much every passive income stream there is.

During this period the one thing I wanted more than anything else, was a big fat epic list of ALL the possible passive income streams there were.

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Unfortunately no one has even till this afternoon made an entire list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream 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 ideas here or you can check out 30 of my beloved real-life passive income businesses here.

Ie first you need to haul ass and do something crazy, eg write a quality 20,000 word ebook (insanely not passive browse around this web-site hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional work.

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Because you can see passive income streams simply come out of resources, and assets are either bought with money (eg rental property) or even in the event of most of the ideas below, 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 easy to compose a 60-80 page ebook, not hard to market say $500 value a month through online networking, guest posting and your own SEO optimized blog, and well you get to maintain a large whack of this pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt enjoy some down and dirty affiliate commissions!  Especially in the event that you realize it can be even easier to earn money in this way than with an ebook.  In the end, you merely need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a site.  Continue reading .

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 up the men in white jackets to 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 receives. .

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