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During this period 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 afternoon made a complete list. I spent the past week getting loaded 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 thoughts 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 crazy, eg write 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 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 streams simply come out of resources, and resources are either bought with money (eg rental property) or in the case of most of the ideas below, bought through perspiration (eg ebook)!
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The much adored version for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to compose a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest 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 >.
Who doesnt enjoy some down and dirty affiliate fees! Particularly in the event that you realize it can be even easier to make money in this way than using 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 very first affiliate sale within 30 days of starting a site. Continue reading .
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If you told me several years ago that this would end up being my #1 source of passive income, I'd have slapped you silly and called the men in white jackets 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 simple, but it can be extremely lucrative as Ive found out. Continue reading >
Investing is arguably the simplest way to make passive income. The problem is most investments sound good in theory but dont work out so nicely in training. And if you find out dont have much experience or access to funding, let alone the time to work out it, it can appear more or less hopeless. However, 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 . And before I even dive into this idea 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 superbly. But I must confess Ive never personally earned passive income from a setup similar to this before.
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 because it's rather 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 easy Google-friendly content website with a top converting inquiry form for capturing details (maybe even a free report attached to this or something else to boost conversion). Continue reading >
Construct and SEO optimize a website 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 should 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 include up to profit, 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 >