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During that time the one thing I wanted more than anything else, was a large fat epic record of ALL the potential passive income streams there were.
Unfortunately no one has even until this day made an entire list. I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income flow from my head, my notes and the net interwebs!
PS if you want to cut to the chase you can get access to 3 of my preferred passive income ideas 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 write 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 own iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.
Because you can observe passive income flows simply come from assets, and assets are either bought with money (eg rental property) or even in the case of most of the ideas under, purchased through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and to get a good reasonits pretty easy to write a 60-80 page ebook, not hard 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 .
Who doesnt enjoy some down and dirty affiliate commissions! Particularly in the event that you realize it can be even simpler to earn money in this way than with an ebook. In the end, you merely need to concentrate on pumping out some content for your own site and getting the traffic in, often via Google or social websites. Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a blog. Continue reading >.
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If you told me a few years ago that this would 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 products online was insanely complicated and time consuming. Pretty much as non-passive as a business gets. . click
But now thanks to Amazon, this is not only simple, but it can be particularly lucrative as Ive found out. Continue reading >
Investing is possibly the easiest way to make passive income. The issue 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 funding, let alone the opportunity to work it all out, it can seem more or less impossible. But, there is one smart 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 have to say straight up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some great operators online pull it off superbly. But I must confess Ive never personally earned passive income by a setup similar to this before.
Ill be putting something together soon though as a working case study. However, in the meantime, I really want to discuss this idea 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 website with a high converting inquiry form for capturing information (maybe even a free report attached to that or something else to improve 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 app there are plenty of easy to use programs online for DIYing this to get a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they include up to profit, 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 >