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During that time that the one thing I wanted more than anything else, was a big fat epic record of all of the possible passive income flows there were.
Unfortunately no one has even until this afternoon made a complete list. I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income flow from my mind, my notes and the world wide 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 favorite real life passive income businesses here.
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Ie first you need to haul ass and do something crazy, eg write a quality 20,000 word blossom (insanely not passive hahahah), but then you get 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 effort.
Because you can see passive income flows simply come from assets, and assets are either bought with money (eg rental property) visit or in the event of most of the ideas under, bought through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose a check 60-80 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 maintain a large whack of the pie after paying affiliates. Hells yeah! Continue reading .
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If you told me a few years ago that this might end up being my #1 source of passive income, I'd have slapped you silly and called up the men in white jackets to come take you away! And thats because visit the website back then selling products online was insanely complex and time consuming. Pretty much as non-passive as a business gets. .
Investing is possibly the easiest way to produce passive income. The issue is most investments sound great in concept however 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. However, there's one clever way to invest which 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 idea 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. However, in the meantime, I truly want to share this idea with you since it is quite fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense upward in there. Continue reading >
Think simple Google-friendly content website with a top converting inquiry type for capturing information (maybe even a free report attached to this or something else to boost conversion). Continue reading >
Construct and SEO optimize a web site 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 program there are plenty of easy to use apps online for DIYing this to get a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they add up to profit, apart from 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 >