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During this period that the one thing I wanted more than anything else, was a large fat epic list of all of the potential passive income flows there were.
Unfortunately no one has even till this afternoon made a complete list. So I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income stream from my head, 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.
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Ie first you need to haul ass and do something mad, eg compose a quality 20,000 word ebook (insanely not passive hahahah), but then you have 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 effort.
As you can observe passive income streams simply come from assets, and resources are either bought with money (eg rental property) or even in the event of most of the ideas below, purchased through sweat (eg ebook)!
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The much loved version for bloggers and content creators everywhere and for a good reasonits pretty simple to write a 60-80 page ebook, not difficult to market say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of the pie after paying affiliates. Hells yeah! Continue have a peek at this site reading .
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If you told me several years back 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 complicated and time consuming. Pretty much as non-passive as a business gets. .
Investing is arguably the simplest way to make passive income. The problem is most investments sound great in theory but dont work out so well in practice. And if you dont have much experience or access useful site to funding, let alone the opportunity to work it all out, it can appear more or less impossible. However, there is one clever way to invest that 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 on you, I have to say right up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
Ill be putting something together soon though as a working case study. However, in the meantime, I truly want to share this idea with you since 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 boost conversion). Continue reading >
Build 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 should you want to create a mainly info-based app there are plenty of easy to use programs online for DIYing this for a few hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they include up to profit, apart from the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >