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During this time the one thing I wanted more than anything else, was a big fat epic list of all of the possible passive income flows there were.
Unfortunately no one has even till this afternoon made a complete list. I spent the past week getting loaded 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 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 crazy, eg write a quality 20,000 word blossom (insanely not passive this content hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone every morning as Homepage sale after sale after sale is madeon an ongoing basis and without any additional effort.
As you can observe passive income streams simply come out of resources, and resources are bought with money (eg rental property) or even in the case of almost all of the ideas below, purchased through sweat (eg ebook)!
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The much loved model for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose 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 like some down and dirty affiliate fees! Especially in the event that you realize it can be even simpler to make money this way than with an ebook. In the end, you simply need to concentrate on pumping out some content to your own site and getting the visitors 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 blog. Continue reading >.
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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 up the men in white coats to 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. .
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 easiest way to produce passive income. The issue is most investments sound great in concept however dont work out so nicely in practice. And if you dont have much experience or access to capital, let alone the opportunity to work out it, it can appear more or less hopeless. However, 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 thought on you, I must say straight up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I really like this idea and Ive seen some great operators online pull it off beautifully. But I must confess Ive never personally earned passive income from a setup similar to this before.
Ill be putting something together soon though as a working case study. But in the meantime, I truly want to discuss this idea with you since it's rather fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense up in there. Continue reading >
Think easy Google-friendly content website with a top converting inquiry form for capturing information (possibly even a free report attached to this or something else to improve conversion). Continue reading >
Build 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 should you want to produce a mainly info-based app there are plenty of simple to use apps online for DIYing this for a few hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they add up to gain, outside of 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 >