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During this time that the one thing I wanted more than anything else, was a large fat epic list of ALL the possible passive income streams there were.
Unfortunately no one has even till this afternoon made an entire list. I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income flow 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 thoughts 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 crazy, eg compose 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 iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional work.
As you can click resources see passive income streams simply come from resources, and assets are either bought with money (eg rental property) or even in the event of most of the ideas below, bought through sweat (eg ebook)!
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The much adored model for bloggers and content creators everywhere and to get a good reasonits pretty easy to write a 60-80 page ebook, not hard to sell say $500 value a month through online networking, guest posting and your own SEO optimized site, 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 commissions! Especially if you understand it can be even easier to make money this way than with an ebook. In the end, you simply need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or social websites. Unsurprisingly, the majority of people can enjoy their first affiliate sale within 30 days of starting a blog. Continue reading >.
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If you told me a few 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 come take you away! And thats because back then selling products online was insanely complex and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only simple, but it can be particularly lucrative as Ive found out. Continue reading >
Investing is arguably the easiest way to produce passive income. The issue is most investments sound good in concept but dont work out have a peek at these guys so nicely in practice. And if you dont have much experience or access to capital, let alone the opportunity to work it all out, it can appear more or less impossible. However, there's one smart 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 thought with you, I must say straight 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 like it online pull it off superbly. 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. But in the meantime, I truly want to share this idea with you since it's rather fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense up in there. Continue reading >
Think easy Google-friendly content website with a top converting inquiry form for capturing information (maybe even a free report attached to that or something else to boost conversion). Continue reading >
Build and SEO optimize a website 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 should you want to produce a mainly info-based program there are plenty of easy to use programs online for DIYing this to get a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they include up to profit, outside of the exceptional few business operators who are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >