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During this time the one thing I wanted more than anything else, was a big fat epic list of ALL the potential passive income flows there were.
Unfortunately no one has even until this day made a complete list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my head, 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 right 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 compose 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 each morning available after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can see passive income streams 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 under, purchased through perspiration (eg ebook)!
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The much loved model for bloggers and content creators everywhere and to get a fantastic reasonits pretty easy 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 like some down and dirty affiliate commissions! Especially in the event that you realize it can be even simpler to make money this way than using an ebook. After all, you merely need to concentrate on pumping some content for your own site and getting the traffic in, often via Google or social websites. Unsurprisingly, the majority view publisher site of people can enjoy their first affiliate sale next page within 30 days of starting a site. Continue reading .
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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 products online was insanely complicated and time consuming. Pretty much as non-passive as a business receives. .
But now thanks to Amazon, this is not only easy, but it can be extremely rewarding as Ive found out. Continue reading >
Investing is possibly the simplest way to produce passive income. The problem is most investments sound good in theory however dont work out so well in practice. And if you dont have much experience or access to capital, let alone the opportunity to work it all out, it can appear more or less impossible. However, there is one clever way to invest that just may work. Continue reading .
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Were talking a members-only multimedia-driven website . 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 love this idea and Ive seen some fantastic operators online pull read this it off superbly. But I must confess Ive never personally earned passive income from a setup like this before.
Ill be putting something together soon though as a working case study. However, in the meantime, I really want to discuss this thought with you since it is rather fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense up in there. Continue reading >
Think simple Google-friendly content website with a top converting inquiry type for capturing details (maybe even a free report attached to this or something else to improve conversion). Continue reading >
Build and SEO optimize a web site for people looking to convert 8mm home videos to DVD / USB. Continue reading >
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Haha, nah apps arent that expensive to get made anymore. And if you want to produce a mainly info-based app there are plenty of simple to use programs online for DIYing this to get a couple hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they include up to gain, apart from 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 >