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There are many different strategies to generate residual income over a huge array of businesses. It might be recurring income by the very same clients or the earnings of a product to new clients. It could necessitate no personal involvement in any respect, like an e-book offered on a web site, or it can require some personal interaction, like the insurance agent calling the customer to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn the income. For instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, but it comes from recurring work which restricts on your earning ability based on your own personal production ability. .

This leverages the work of other people to make income for you. A Few Examples of leveraged income include:

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An e-book author selling her e-book through affiliates who promote the product.A network marketer who assembles 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 are making money from other people's labor, 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 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, for example:

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

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

During this period 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.

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Unfortunately no one has even until this day made an entire list. I spent the last week getting loaded on strong Ethiopian espresso and Recommended Site 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 thoughts here or you can check out 30 of my favorite real life passive income businesses here.

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 get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

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As you can observe passive income flows simply come from resources, and resources are either bought with money (eg rental property) or even in the event of almost all of the ideas below, bought through sweat (eg ebook)!

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The much loved version for bloggers and content creators check out here everywhere and to get a good reasonits pretty easy to write a 60-80 page ebook, not difficult to sell 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 the pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt like some down and dirty affiliate commissions!  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 simply need to concentrate on pumping out some content to 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 blog.  Continue reading .

If you told me a few years back that this would end up being my #1 source of passive income, I'd have slapped you silly and called the men in white jackets to take you away!  And thats because back then selling goods online was insanely complex and time consuming.  Pretty much as non-passive as a business gets. .

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