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During this period that 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 day made a complete list. I spent the past week getting wealthy 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 ideas 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 compose 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 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 out of assets, and resources are bought with money (eg rental property) or even in the event of almost all of the ideas under, purchased through perspiration (eg ebook)!
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The much adored model for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose additional hints a 60-80 page ebook, not hard to sell say $500 value a month through online networking, guest posting and your own SEO optimized blog, 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 several years ago that this might end up being my #1 source of passive income, I would have slapped you silly and called up the men in white jackets to take you away! And thats because back then selling goods online was insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
Investing is possibly the easiest way to make passive income. The issue is most investments sound good in theory but dont work out so well in training. 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 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 have to 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 truly want to discuss this idea with you since it's rather fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense up in there. Continue reading >
Think easy Google-friendly content website with a high converting inquiry type for capturing information (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 simple to use apps online for DIYing this for 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 profit, outside of 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 >