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

Note that this is different from recurring income which may still require your involvement to earn your income. By way of example, a coach 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 from recurring work which restricts on your earning capacity based on your own personal production ability. .

This leverages the work of other people to create income for you. Some examples of leveraged income include:

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An e-book writer selling her e-book through affiliates who promote the product.A network marketer that assembles 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 to other entrepreneurs (the supreme leveraged income). .

Again, there are many different models in many different businesses. The key is that you are making money from other people's labor, rather than mainly your own. Note that leveraged income might or might not be residual income. When you combine them, that's even better.

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This sort of income requires your direct participation, but you can earn more money by having more people involved. This generally involves a one-time event, such as:

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

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

During this period the one thing I wanted more than anything else, was a large fat epic list of ALL the possible passive income flows there were.

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Unfortunately no one has even till this afternoon made an entire list. So I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income flow from my mind, my notes and the net interwebs!

PS if you want to cut to the chase you can get access to click here for info 3 of my preferred 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 crazy, eg write 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 own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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

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The much adored model for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to write a 60-80 page ebook, not difficult 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 the pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt enjoy some down and dirty affiliate commissions!  Especially if you realize it can be even easier to make money in this way than using an ebook.  In the end, you simply need to concentrate on pumping out some content for your own site and getting the traffic in, often via Google or societal websites.  Unsurprisingly, most 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!  advice And thats because back then selling goods online was insanely complicated and time consuming.  Pretty much as non-passive as a business receives. .

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