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During this time the one thing I wanted more than anything else, was a large fat epic record of ALL the possible passive income flows there were.
Unfortunately no one has even until this afternoon made a complete list. So I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream 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 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 get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional work.
As you can observe passive income streams simply come out of resources, and resources are bought with money (eg rental property) or in the event of most of the ideas below, purchased through sweat (eg ebook)!
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The much adored model for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write a 60-80 click this link page ebook, not difficult to sell say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to keep a large whack of this pie find out here after paying affiliates. Hells yeah! Continue reading .
Who doesnt like some down and dirty affiliate fees! Particularly if you understand it can be even simpler to earn money this way than using an ebook. In the end, you simply need to concentrate on pumping out some content for your own site and getting the visitors in, often via Google or societal 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 several 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 coats to come take you away! And because back then selling goods 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 easy, but it can be extremely lucrative as Ive found out. Continue reading >
Investing is arguably the simplest way to produce passive income. The problem is most investments sound good 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 it all out, it can seem more or less impossible. However, there's one clever way to invest that just may work. Continue reading >.
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Were talking a members-only multimedia-driven website . And before I even dive into this idea with you, I have to 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 fantastic operators online pull it off superbly. 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 idea 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 site with a high converting inquiry form for capturing information (maybe even a free report attached to this or something else to boost 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 program there are plenty of simple to use programs online for DIYing this to get a few hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they include up to gain, 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 >