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

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

This frees 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 associates that promote the product.A network marketer that builds 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 into other entrepreneurs (the ultimate leveraged income). .

Again, there are many different models in many different businesses. The key is that you're making money off of other people's labor, rather than primarily your own. Note that leveraged income may or may 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 need your immediate participation, your earning potential is much greater than when someone was paying you a direct hourly fee. Fill in a room with 1,000 people paying $50 each and you can cover your facility price, promotional price, and staffing prices and still have a nice chunk of change left over. .

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

During this time the one thing I wanted more than anything else, was a big fat epic record of all of the possible passive income streams there were.

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Unfortunately no one has even till this afternoon made a complete list. So I spent the past week getting wealthy 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 thoughts here or you can check out 30 of my beloved real-life passive income businesses here.

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 have to sit back and check my reference enjoy seeing PayPal sale messages pop up on your own iPhone each 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 resources, and assets are bought with money (eg rental property) or Get More Information in the case of most of the ideas below, bought through sweat (eg ebook)!

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The much adored version for bloggers and content creators everywhere and for a good reasonits pretty easy to write a 60-80 page ebook, not hard to market say $500 value a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of the pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt like some down and dirty affiliate fees!  Especially in the event that you understand it can be even simpler to make money in this way than with an ebook.  After all, you simply need to concentrate on pumping some content for your own site and getting the visitors 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 site.  Continue reading .

If you told me several years ago 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 products online was insanely complicated and time consuming.  Pretty much as visit homepage non-passive as a business gets. .

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