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During that period 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 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 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 crazy, 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 own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.
As you can see passive income flows simply come from assets, and assets are either bought with money (eg rental property) or in the event of almost all of the ideas below, purchased through sweat (eg ebook)!
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The much adored model for bloggers and content creators everywhere and for a good reasonits pretty easy Get the facts to compose a 60-80 page ebook, not hard to sell 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 .
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If you told me a few years ago that this might end up being my #1 source redirected here of passive income, I would have slapped you silly link and called the men in white coats to take you away! And because back then selling products online was insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
Investing is arguably the simplest way to produce passive income. The problem is most investments sound great in concept but dont work out so well in training. And if you dont have much experience or access to funding, let alone the opportunity to work out it, it can appear more or less hopeless. However, 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 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 >
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 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 website 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 if you want to produce a mainly info-based program there are plenty of easy to use programs online for DIYing this for a few hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they add up to gain, apart from the exceptional few business operators who are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >