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There are many different ways to generate residual income over a wide variety of businesses. It might be recurring income by the very same clients or the earnings of a product to new customers. It could necessitate no personal involvement whatsoever, such as an e-book sold on a web site, or it can need some personal interaction, like the insurance agent calling the client to remind them about their renewal.

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

This frees the work of different 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 that 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 models in many different businesses. The key is that you are making money off of other people's labour, rather than primarily your own. Note that leveraged income may or may not be residual income. When you combine them, that is even better.

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This sort 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:

Although these require your immediate participation, your earning potential is a lot higher than when someone was just visit here paying you a direct hourly fee. Fill a room with 1,000 people paying $50 each and you can pay for your facility cost, promotional price, and staffing more helpful hints fees and have a nice chunk of change left over. .

From the wise notions like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly every passive income flow there is.

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.

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

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

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

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As you can see passive income flows simply come from assets, and assets are bought with money (eg rental property) or in the event of most of the ideas below, purchased through sweat (eg ebook)!

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The much loved version for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose a 60-80 page ebook, not hard to market 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 this pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt enjoy some down and dirty affiliate commissions!  Particularly in the event that you understand it can be even simpler to earn money in this way than with an ebook.  After all, you merely need to concentrate on pumping out some content for your own site and getting the traffic in, often via Google or societal media.  Unsurprisingly, the majority of people can enjoy their first affiliate sale within 30 days of starting a site.  Continue reading >.

If you told me a few years ago 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 complex and time consuming.  Pretty much as non-passive as a business gets. .

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