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

Note that this is different from recurring income that might still need your involvement to earn your income. For instance, a coach or consultant on a monthly retainer, or a caterer who delivers lunch every Monday into the local school board has recurring income, however it comes in recurring work which 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 who 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 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're making money from other people's labor, rather than mainly 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 make more money by having more people involved. This generally involves a one-time event, for example:

Though these need your immediate participation, your earning potential is a lot higher than if someone was just paying you a direct hourly fee. Fill 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. .

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

During this period the one thing I wanted more than anything else, was a large fat epic record of ALL the possible try this web-site passive income streams there were.

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Unfortunately no one has even until this day made an entire list. I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income stream from my mind, my notes and the net 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 mad, eg write a quality 20,000 word ebook (insanely not passive hahahah), but then you have 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 effort.

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As you can observe passive income flows simply come from assets, and assets are either bought with money (eg rental property) or in the event of almost all of the ideas under, purchased through perspiration (eg ebook)!

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The much adored model for bloggers and content creators everywhere and for a good reasonits pretty easy to compose a 60-80 page ebook, not difficult to market say $500 value 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 enjoy some down and dirty affiliate fees!  Particularly if you understand it can be even easier to earn money in this way than with an ebook.  In the end, you simply need to concentrate on pumping out 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 blog.  Continue reading .

If you told me a few years ago that this would end up being my #1 source of passive income, I would have slapped you Continued 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 gets. .

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