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There are many different strategies to generate residual income across a wide variety of businesses. It might be recurring income from the very same customers or the sales of a product to new customers. It could necessitate no personal involvement whatsoever, such as an e-book sold on a website, or it can need some personal interaction, like the insurance agent calling the customer to remind them regarding 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 every Monday into the local school board has recurring income, but it comes from recurring work which limits on your earning ability based on your own personal production ability. .

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

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An e-book author 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 job 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 are making money from other people's labour, rather than mainly your own. Note that leveraged income may or may not also 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, for example:

Though these need your direct participation, your earning potential is much greater than when someone was just paying you an immediate hourly rate. Fill in a room with 1,000 people paying $50 each and you can cover your facility cost, promotional cost, and staffing fees and still have Get More Information a nice chunk of change left over. .

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

During this time the one thing I wanted more than anything else, was a big fat epic list of ALL 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 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 favorite passive income thoughts right 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 mad, eg compose a quality 20,000 word blossom (insanely not passive hahahah), but then you get 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 work.

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Because you can observe passive income streams simply come from resources, and assets are either bought with money (eg rental property) or even in the event of almost all of the ideas under, read the article bought through perspiration (eg ebook)!

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The much loved version for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to write a 60-80 page ebook, not difficult 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 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 merely need to concentrate on pumping some content for your own site and getting the traffic in, often via Google or societal media.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a site.  Continue reading >.

If you told me several years back that this might end up being my #1 source of passive income, I'd have read review slapped you silly and called the men in white coats to come take you away!  And because back then selling products online was insanely complicated and time consuming.  Pretty much as non-passive as a business gets. .

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