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There are many different strategies to generate residual income across a wide array of businesses. It may be recurring income by the same customers or the earnings of a product to new customers. It could necessitate no personal involvement in any respect, like an e-book offered on a web site, or it can need some personal interaction, such as the insurance agent calling the customer to remind them regarding their renewal.

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

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

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An e-book author selling her e-book through associates who promote the product.A network marketer who builds a downline and receives commissions on the sales generated by people in his downline.A general contractor who makes a profit margin on the job done by subcontractors.Franchising your business model into other entrepreneurs (the supreme leveraged income). .

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

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

Though these need your direct participation, your earning potential is much higher than when someone was just paying you an immediate hourly rate. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility cost, promotional price, and staffing prices and still have a nice chunk of change left over. .

In the wise ideas like an online course to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about pretty much every passive income flow there is.

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

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Unfortunately no one has even until this day made a complete list. I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my head, my notes and the world wide interwebs!

PS if you want to cut to the chase you can get access to 3 of my favorite passive income ideas right here or you can check out 30 of my beloved real life passive income businesses here.

Ie first you need to haul ass great post to read and do something crazy, eg write a quality 20,000 word blossom (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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Because you Visit This Link can observe passive income streams simply come from resources, and resources are bought with money (eg rental property) or in the case of most of the ideas under, bought through sweat (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 write a 60-80 page ebook, not hard to sell say $500 value a month through online networking, guest posting and your own SEO optimized site, and well you get to maintain a large whack of the pie after paying affiliates.  Hells yeah!  Continue reading .

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

If you told me a few 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 jackets to come take you away!  And because back then selling products online was insanely complicated and time consuming.  Pretty much as non-passive as a business gets. .

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