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There are many different ways to generate residual income across a wide array of businesses. It might be recurring income from the same customers or the earnings of a product to new customers. It may necessitate no personal involvement in any respect, like an e-book sold on a web site, or it can 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 which may still need your involvement to earn the income. By way of example, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch each Monday to the local school board has recurring income, but it comes in recurring work that restricts on your earning ability based on your own personal production ability. .

This leverages the work of different folks to make income for you. Some examples of leveraged income include:

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An e-book author selling her e-book through affiliates that promote the product.A network marketer that builds a downline and receives commissions on the sales generated by people in his downline.A general contractor who makes a profit margin on the work 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 labour, rather than primarily 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 type of income requires your immediate 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 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 individuals paying $50 each and you can pay for your facility price, promotional price, and staffing prices and 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 stream there is.

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

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Unfortunately no one has even until this afternoon made a complete list. So I spent the last week getting wealthy 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 3 of my favorite 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 blossom (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal link sale messages pop up on your own iPhone every his response morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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As you can observe passive income flows simply come from resources, and resources are either bought with money (eg rental property) or even in the event of most of the ideas under, bought through sweat (eg ebook)!

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The much adored version for bloggers and content creators everywhere and for a fantastic 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 maintain a large whack of the pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt enjoy some down and dirty affiliate fees!  Especially in the event that you realize it can be even easier to earn money this way than using an ebook.  In the end, you merely need to concentrate on pumping out some content for your own site and getting the visitors in, often via Google or societal media.  Unsurprisingly, the majority of people can enjoy their 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 would have slapped you silly and called the men in white coats to come take you away!  And thats because back then selling goods online was insanely complicated and time consuming.  Pretty much as non-passive as a business gets. .

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