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During that period that the one thing I wanted more than anything else, was a large fat epic list of ALL the potential passive income flows there were.
Unfortunately no one has even till this day made a complete list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income flow from my head, 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 beloved 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 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 streams simply come from assets, and resources are either bought with money (eg rental property) or even in the case of most of the ideas below, bought through sweat (eg ebook)!
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The much adored version for bloggers and content creators everywhere and to get a good 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 keep a large whack of the pie after paying affiliates. Hells yeah! Continue reading >.
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If you told me several years back that this would end up being my #1 source of passive income, I would have slapped you silly and called the men in white coats 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 receives. .
Investing is possibly the simplest way to make passive income. The issue is most investments sound great in concept learn this here now but dont work out so well in practice. And if you dont have much experience or access to capital, let alone the opportunity to work out it, it can appear more or less impossible. But, there's one smart way to invest that 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 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. But in the meantime, I really want to discuss this idea with you because 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 website with a top converting inquiry type for capturing information (possibly even a free report attached to this or something else to improve conversion). Continue reading >
Build 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 programs online for DIYing this to get a few hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they add up to gain, 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 >