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There are many different strategies to generate residual income over a huge variety of businesses. It may be recurring income by the very same customers or the earnings of a product to new clients. It may necessitate no personal involvement in any respect, such as an e-book offered on a web site, or it may need some personal interaction, like the insurance agent calling the customer to remind them about their renewal.

Note that this is different from recurring income that might still need your involvement to earn your income. For instance, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into the local school board has recurring income, but it comes in recurring work which restricts on your earning capacity based on your own personal production ability. .

This leverages the work of different people 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 that promote the product.A network marketer who assembles 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 versions in many different businesses. The key is that you're making money off of other people's labour, 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 sort of income requires your immediate participation, but you can make more money by having more people involved. This generally involves a one-time event, for example:

Though these need your direct participation, your earning potential is a lot greater than when someone was just paying you an immediate hourly rate. Fill in a room with 1,000 people paying $50 each and you can pay for your facility price, promotional price, and staffing prices and have a nice chunk of change left over. .

From the wise ideas like an online path to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about pretty much every passive income flow there's.

During this period the one thing I wanted more than useful reference anything else, was a large fat epic record of all of the potential passive income streams there were.

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Unfortunately no one has even until this afternoon made an entire list. So I spent the last 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 preferred passive income thoughts 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 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 every morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

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Because you can see passive income streams simply come out of assets, and resources are bought with money (eg rental property) or in the case of almost all of the ideas under, bought through perspiration (eg ebook)!

The Best Strategy To Use For Residual Income Ideas In SwitzerlandThe Greatest Guide To Residual Income Ideas In Switzerland
The much adored model useful site for bloggers and content creators everywhere and to get a good reasonits pretty simple to compose 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 keep 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 easier to make money this way than with an ebook.  After all, you merely need to concentrate on pumping some content for your own site and getting the traffic in, often via Google or social media.  Unsurprisingly, the majority of people can enjoy their first affiliate sale within 30 days of starting a blog.  Continue reading >.

If you told me a few years ago that this might end up visit the website 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 goods online was insanely complex and time consuming.  Pretty much as non-passive as a business receives. .

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