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During that period that the one thing I wanted more than anything else, was a big fat epic list of ALL the potential passive income flows there were.
Unfortunately no one has even until this day made a complete list. So I spent the last 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 favorite 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 iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional work.
Because you can see passive income streams simply come out of resources, and resources are either bought with money (eg rental property) or in the case of most of the ideas under, purchased through sweat (eg ebook)!
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The much loved version 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 blog, and well you get to maintain a large whack of this pie after paying affiliates. Hells yeah! Continue reading .
Who doesnt enjoy some down and dirty affiliate fees! Particularly if you understand it can be even simpler to earn money this way than with an ebook. After all, you simply need to concentrate on pumping out some content to your own site and getting the traffic in, often via Google or social media. Unsurprisingly, the majority of people can enjoy their very first affiliate sale within 30 days of starting a blog. Continue reading >.
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If you told me a few years back 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 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 extremely rewarding 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 so well 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. But, 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 here. 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 love this idea and sites Ive seen some great operators 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. However, in the meantime, I really want to share this thought with you because it's quite 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 site with a top converting inquiry type for capturing details (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Construct 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 if you want to produce a mainly info-based app there are plenty of simple to use apps 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 add up to gain, outside of the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >