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During that period the one thing I wanted more than anything else, was a big fat epic record of all of the possible passive income flows there were.
Unfortunately no one has even till this afternoon made a complete list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income flow from my head, 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 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 blossom (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.
Because you can observe passive income flows simply come out of resources, and resources are bought with money (eg rental property) or even in the case of most of the ideas below, purchased through perspiration (eg ebook)!
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The much loved model for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to compose a 60-80 page ebook, not hard 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 the pie after paying affiliates. Hells yeah! Continue reading >.
Who doesnt enjoy some down and dirty affiliate commissions! Particularly if you realize it can be even easier to earn money in this way than with an ebook. In the end, you merely need to concentrate on pumping out some content to your own site and getting the traffic in, often via Google or social media. Unsurprisingly, most people can enjoy their very first affiliate sale within 30 days of starting a site. Continue reading .
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If you told me several years back that this might end up being my #1 source of passive income, I'd have slapped you silly and called the men in white jackets to come take you away! And because back then selling goods online was go to these guys insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only easy, but it can be extremely lucrative as Ive found out. Continue reading >
Investing is possibly the easiest way to make passive income. The issue is most investments sound great in theory however dont work out so nicely in training. And if you dont have much experience or access to capital, let alone the time to work out it, it can seem more or less hopeless. But, there is one clever way to invest that just may work. Continue reading >.
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Were talking a members-only multimedia-driven website here. And before I even dive into this thought on you, I must say right up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some fantastic operators online pull it off beautifully. But I must confess Ive never personally earned passive income from 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 because it is rather 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 high converting inquiry type for capturing details (possibly even a free report attached to that or something else to improve conversion). Continue reading >
Build and SEO optimize a web site for people looking to convert 8mm home movies to DVD / USB. Continue reading >
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Haha, nah apps arent that expensive to get made anymore. And if you want to produce a mainly info-based app there are plenty of simple to use apps online for DIYing this for a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they include up to gain, apart from the exceptional few business operators who are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >