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During this time the one thing I wanted more than anything else, was a large fat epic record of all of the possible passive income streams there were.
Unfortunately no one has even until this day made an entire list. So I spent the past week getting wealthy 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 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 iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.
Because you can see passive income flows simply come out of assets, and assets are either bought with money (eg rental property) or in the case of almost all of the ideas under, 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 easy to write a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest check it out 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 .
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If you told me a few years ago that this might you can check here end up 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 because 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 problem more is most investments sound great in theory however dont work out so well in practice. 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 hopeless. However, there's 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 idea with you, I have to say right up this is a looooot of job. 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 really want to share this thought with you since it is 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 site with a top converting inquiry form for capturing details (possibly even a free report attached to that or something else to improve conversion). Continue reading >
Build 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 if you want to create a mainly info-based program there are plenty of easy to use programs 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 include up to gain, 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 >