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During that time the one thing I wanted more than anything else, was a big fat epic record of ALL the possible passive income flows there were.
Unfortunately no one has even until this afternoon made an entire list. I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income flow 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 thoughts 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 crazy, 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 every morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.
As you can see passive income streams simply come from resources, and resources are either bought with money (eg rental property) Go Here or in the case of most of the ideas under, bought through sweat (eg ebook)!
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The much loved model for bloggers and content creators original site everywhere and for a good reasonits pretty easy 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 the pie after paying click for more affiliates. Hells yeah! Continue reading .
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If you told me a few years ago that this would end up being my #1 source of passive income, I'd have slapped you silly and called up 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. .
Investing is possibly the easiest way to make passive income. The issue is most investments sound good in concept but dont work out so well in training. 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 is one clever way to invest that just may work. Continue reading .
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Were talking a members-only multimedia-driven website here. And before I even dive into this thought with you, I must say right up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
Ill be putting something together soon though as a working case study. But in the meantime, I really want to discuss this thought with you because it's quite 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 details (maybe even a free report attached to this or something else to boost conversion). Continue reading >
Construct and SEO optimize a website 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 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 couple 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, apart from the exceptional few business operators who are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >