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During this time that the one thing I wanted more than anything else, was a large fat epic record of all of the possible passive income flows there were.
Unfortunately no one has even until this day made an entire list. So I spent the past 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 ideas here or you can check out 30 of my beloved real-life passive income businesses here.
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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 get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.
As you can observe passive income streams simply come out of resources, and resources are bought with money (eg rental property) or in the event of most of the ideas under, purchased through sweat (eg ebook)!
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The much adored model 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 worth a month through online networking, guest posting and your own SEO optimized site, 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! Particularly in the event that you realize it can be web even simpler to earn money in this way than with an ebook. After all, you merely need to concentrate on pumping out some content to 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 site. Continue reading .
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If you told me several years ago that this might end up being my #1 source of passive income, I would have slapped you silly and called the men in white jackets to take you away! And because back then selling goods online was insanely complex and time consuming. Pretty much as non-passive as a business receives. .
But now thanks to Amazon, this is not only easy, but it can be extremely lucrative as Ive found out. Continue reading >
Investing is arguably the easiest way to produce passive income. The problem is most investments sound good in theory but dont work out so well in practice. And if you dont have much experience or access to capital, let alone the time to work it all out, it can appear more or less impossible. However, there's one clever way to invest which just might work. Continue reading .
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Were talking a members-only multimedia-driven website . And before I even dive into this idea with you, I have to say right up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I really like this idea and Ive seen some great operators online pull it off beautifully. But I must confess Ive never personally earned passive income by a setup like this before.
Ill be putting something together soon though as a working case study. However, in the meantime, I really want to share this thought with you since it's quite fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense upward in there. Continue reading >
Think simple Google-friendly content website with a top converting inquiry type for capturing details (maybe even a free report attached to this or something else to improve conversion). Continue reading >
Construct and SEO optimize a web site for people looking to convert 8mm home videos to DVD / USB. Continue reading >
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Haha, nah apps arent that expensive to get made anymore. And if you want to create a mainly info-based program there are plenty of easy to use apps online for DIYing this for a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they add up to profit, apart from the exceptional few business operators who are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >