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During that time that the one thing I wanted more than anything else, was a large fat epic list of all of the potential passive income streams there were.
Unfortunately no one has even till this afternoon made a complete list. So I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income stream 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 favorite 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 iPhone each morning as sale after sale see this here after sale is madeon an ongoing basis and without any additional work.
As you can observe passive income flows simply come from assets, and assets are bought with money (eg rental property) or even in the case of almost all of the ideas below, bought through perspiration (eg ebook)!
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The much adored version for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write a 60-80 page ebook, not difficult to market 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 the pie after paying affiliates. Hells yeah! Continue reading >.
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If you told me a few years back 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 come take you away! And thats because back then selling products online i loved this was insanely complex and time consuming. Pretty much as non-passive as a business receives. .
Investing is arguably the simplest way to produce passive income. The issue is most investments sound great in concept however dont work out so nicely in practice. And if you dont have much experience or access to funding, let alone the opportunity to work it all out, it can appear more or less impossible. But, there's one clever way to invest that just might work. Continue reading this website .
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Were talking a members-only multimedia-driven website here. And before I even dive into this idea on 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 share this idea 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 top converting inquiry form for capturing details (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Construct 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 easy to use apps online for DIYing this to get a few 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 gain, outside of the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >