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During this time that the one thing I wanted more than anything else, was a large fat epic record of ALL the potential passive income flows there were.
Unfortunately no one has even till this afternoon made a complete list. I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income flow 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 favorite passive income ideas here or you can check out 30 of my beloved 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 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 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 assets, and assets are either bought with money (eg rental property) or even in the event of almost all of the ideas below, purchased through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and for a good reasonits pretty easy to compose a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to keep a large whack of this pie after paying affiliates. Hells yeah! Continue reading .
Who doesnt like some down and dirty affiliate commissions! Particularly in the event that you realize it can be even easier to make money this way than using an ebook. After all, you simply need to concentrate on pumping some content to your own site and getting the visitors in, often via Google or social websites. Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a site. Continue reading >.
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If you told me several years ago that this would end up being my #1 source of passive income, I would have slapped you silly and called the men in white coats 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 receives. .
But now thanks to Amazon, this is not only easy, but it can be particularly lucrative as Ive found out. Continue reading >
Investing is possibly the easiest way to produce passive income. The issue is most investments sound good in concept however dont work out so well in training. And if you dont have much experience or access to capital, let alone the time to work it all out, it can appear more or less hopeless. But, there's one smart 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 have to say right up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I really like this idea and Ive seen some fantastic discover this info here operators online pull it off beautifully. But I must confess Ive never personally earned passive income by 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 because it's 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 site with a high converting inquiry type for capturing details (possibly even a free report attached to this or something else to boost conversion). Continue reading >
Construct and SEO optimize a website 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 easy to use programs 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 include up to profit, outside of the exceptional few business operators that are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >