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During this period that the one thing I wanted more than anything else, was a big fat epic list of all of the possible passive income flows there were.
Unfortunately no one has even till this afternoon made an entire 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 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 blossom (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can observe passive income streams simply come from resources, and assets are bought with money (eg rental property) or in the case of almost all of the ideas below, bought through sweat (eg ebook)!
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The much adored version for bloggers and content creators everywhere and for a fantastic 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 site, and well you get to maintain a large whack of the pie after paying affiliates. Hells yeah! Continue reading >.
Who doesnt enjoy some down and dirty affiliate commissions! Especially if you realize it can be even easier to make money in this way than with an ebook. After all, you merely need to concentrate on pumping out some content to your own site and getting the visitors in, often via Google or societal websites. Unsurprisingly, the majority of people can enjoy their very first affiliate sale within 30 days of starting a site. 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'd have slapped you silly and called up the men in white coats to come take you away! And because back then selling goods online was insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only easy, but it can be particularly rewarding as Ive found out. Continue reading >
Investing is arguably the easiest way to link produce passive income. The problem is most investments sound good 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 it all out, it can appear more or less impossible. But, there's one smart way to invest which just might work. Continue reading .
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Were talking a members-only multimedia-driven website here. And before I even dive into this thought on you, I have to say right up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I really like this idea and Ive seen some fantastic operators online pull it off beautifully. But I must confess Ive never personally earned passive income from a setup like this before.
Ill be putting something together soon though as a working case study. But in the meantime, I truly want to discuss this thought 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 site with a top converting inquiry type for capturing information (possibly even a free report attached to that or something else to boost 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 should you want to produce a mainly info-based app there are plenty of easy to use apps online for DIYing this to get a couple 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 that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >