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During this period the one thing I wanted more than anything else, was a big fat epic record of all of the possible passive income streams there were.
Unfortunately no one has even till this day made an entire 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 thoughts right 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 write 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 own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.
As you can observe passive income flows simply come out of Click Here resources, and resources are bought with money (eg rental property) or in the case of almost all of the ideas under, bought through sweat (eg ebook)!
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The much loved model for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose a 60-80 page ebook, not difficult to market say $500 worth 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 affiliates. Hells yeah! Continue reading .
Who doesnt like some down and dirty affiliate fees! Particularly in the event that you understand it can be even easier to earn money this way than with an ebook. In the end, you simply need to concentrate on pumping out 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 very first affiliate sale within 30 days of starting a site. Continue reading >.
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If you told me several 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 coats to take you away! And because back then selling products online was insanely complicated 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 particularly lucrative as Ive found out. Continue reading >
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 time to work out it, it can seem more or less impossible. However, there is one smart way to invest which just may work. Continue reading .
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Were talking a members-only multimedia-driven website . And before I even dive into this thought on you, I must say straight up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some great operators online pull it off beautifully. 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. But in the meantime, I really want to discuss this thought with you since 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 (possibly even a free report attached to this or something else to improve conversion). Continue reading >
Build 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 should you want to create 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 include up to profit, outside of the exceptional few business operators that are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >