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There are many different ways to generate residual income over a huge variety of businesses. It might be recurring income by the same clients or the sales of a product to new customers. It could necessitate no personal involvement in any respect, such as an e-book offered on a website, or it can require some personal interaction, like 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 your income. By way of instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch each Monday into the local school board has recurring income, however it comes in recurring work which restricts on your earning ability based on your own personal production ability. .

This leverages the work of other folks to make income for you. Some examples of leveraged income include:

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An e-book writer selling her e-book through affiliates who promote the product.A network marketer that builds a downline and receives commissions on the sales generated by people in his downline.A general contractor who makes a profit margin on the work done by subcontractors.Franchising your business model to other entrepreneurs (the ultimate leveraged income). .

Again, there are many different models in many different businesses. The key is that you're making money from other people's labor, rather than primarily your own. Note that leveraged income might or might not be residual income. When you combine them, that's even better.

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This type of income requires your immediate participation, but you can earn more money by having more people involved. This generally involves a one-time event, such as:

Although these need your immediate participation, your earning potential is much greater than when someone was just paying you an immediate hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can cover your facility special info price, promotional price, and staffing prices and still have a nice chunk of change left over. .

In the smart ideas like an online path to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about pretty much every passive income stream there's.

During this time the one thing I wanted more than anything else, was a big fat epic list of all of the potential passive income streams there were.

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Unfortunately no one has even until this day made an entire list. I spent the last week getting loaded 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 right 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 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 available after sale after sale is madeon an ongoing basis and without any additional work.

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As you can observe passive income flows simply come out of resources, and assets are bought with money (eg rental property) or in the case of most of the ideas below, purchased through sweat (eg ebook)!

Fascination About Residual Income In Switzerland - Passive Residual IncomeThe Only Guide for Residual Income In Switzerland - Passive Residual Income
The much loved model for bloggers and content creators everywhere and for a fantastic check this reasonits pretty simple to write 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, Full Article and well you get to maintain a large whack of this 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 simpler to earn money in 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 visitors 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 blog.  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 the men in white jackets to take you away!  And thats because back then selling products online was insanely complicated and time consuming.  Pretty much as non-passive as a business receives. .

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