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There are many different ways to generate residual income over a huge array of businesses. It may be recurring income by the same clients or the sales of a product to new clients. It may necessitate no personal involvement in any respect, like an e-book sold on a website, or it can 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 that might still need your involvement to earn the income. By way of example, 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 ability based on your own personal production ability. .

This leverages the work of other people to make 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 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 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 off of other people's labor, rather than primarily your own. Note that leveraged income might or might not also 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 make more money by having more people involved. This generally involves a one-time event, such as:

Although these require your direct participation, your earning potential is a lot higher than if someone was just paying you an immediate hourly fee. Fill a room with 1,000 people paying $50 each and you can cover your facility price, promotional cost, and staffing prices and still have a nice chunk of change left over. .

From the wise ideas like an online path to the dress-me-in-the-white-jacket notions like writing articles for adsense, Ive find here 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 potential passive income streams there were.

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Unfortunately no one has even till this day made an entire list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income helpful site 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 ideas 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 blossom (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.

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Because you can observe passive income flows simply come from assets, and assets are either bought with money (eg rental property) or even in the event of almost all of the ideas under, purchased through perspiration (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 sell 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 like some down and dirty affiliate fees!  Particularly 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 some content to your own site and getting the traffic 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 would have slapped you silly and called up the men in white jackets to come take you away!  And 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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