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There are many different ways to generate residual income across a huge variety of businesses. It might be recurring income by the same clients or the earnings of a product to new clients. It could require no personal involvement whatsoever, such as an e-book offered on a web site, or it can need some personal interaction, such as the insurance agent calling the customer to remind them regarding their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. By way of example, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into the local school board has recurring income, however it comes in recurring work which limits on your earning capacity based on your own personal production capacity. .

This leverages the work of different people to create income for you. Some examples of leveraged income include:

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An e-book writer selling her e-book through associates who promote the product.A network marketer that builds a downline and receives commissions on the sales made by people in his downline.A general contractor who makes a profit margin on the job done by subcontractors.Franchising your business model into other entrepreneurs (the supreme leveraged income). .

Again, there are many different versions in many different businesses. The key is that you're making money from other people's labour, rather than primarily your own. Note that leveraged income may or may not be residual income. When you combine them, that's even better.

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This type of income requires your direct participation, but you can make more money by having more people involved. This generally involves a one-time event, for example:

Though these require your direct participation, your earning potential is much greater than when someone was just paying you an immediate hourly rate. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility cost, promotional price, and staffing prices and still have a nice chunk of change left over. .

From the smart ideas like an online course to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about pretty much every passive income stream there is.

During this time the one thing I wanted more than anything else, was a big fat epic list of all of the potential passive income flows there were.

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Unfortunately no one has even till this day made a complete list. So I spent the past week getting helpful resources loaded 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 favorite passive income ideas here or you can check out 30 of my favorite real life passive income businesses here.

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 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 effort.

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As you can see passive income flows simply come from assets, and resources are either bought with money (eg rental property) or in the event of almost all of the ideas below, purchased through perspiration (eg ebook)!

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The much loved model for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to compose a 60-80 page ebook, not difficult to market say $500 value 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 like some down and dirty affiliate fees!  Particularly in the event that you understand it can their website be even simpler to earn money this way than with an ebook.  After all, you simply 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 first affiliate sale within 30 days of starting a site.  Continue reading .

If you told me several years back that this would end up being my #1 Read Full Report source of passive income, I'd have slapped you silly and called the men in white coats 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 receives. .

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