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There are many different strategies to generate residual income across a wide variety of businesses. It might be recurring income by the very same customers or the sales 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, like 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. For instance, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch every Monday into the local school board has recurring income, but it comes from recurring work which limits on your earning capacity based on your own personal production capacity. .

This frees the work of different folks to make income for you. A Few Examples of leveraged income include:

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An e-book author selling her e-book through affiliates that promote the product.A network marketer that assembles a downline and receives commissions on the sales generated by people in his downline.A general contractor who makes a profit margin on the work done by subcontractors.Franchising your business model to other entrepreneurs (the supreme leveraged income). .

Again, there are many different versions in many different businesses. The key is that you are making money from other people's labor, rather than mainly your own. Note that leveraged income might or might not also 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 higher than if someone was just paying you an immediate hourly rate. Fill a room with 1,000 people paying $50 each and you can pay for your facility cost, promotional price, and staffing prices and have a nice chunk of change left over. .

From the wise ideas like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly every passive income flow there is.

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

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Unfortunately no one has even till this afternoon 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 world wide interwebs!

PS if you want to cut to the chase you can get access to 3 of my preferred passive income thoughts right here or you can check out 30 of my beloved real-life passive income additional resources businesses here.

Ie first you need to haul ass and do something mad, eg compose 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 iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

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Because you can see passive income streams simply come from assets, and resources are bought with money (eg rental property) or in the event of almost all of the ideas under, bought through sweat (eg ebook)!

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The much adored model for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose a 60-80 page ebook, not difficult to sell say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you recommended you read get to keep a large whack of the pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt like some down and dirty affiliate commissions!  Particularly in the event that you understand it can be even easier to make money in 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 look at this site traffic in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a blog.  Continue reading .

If you told me several years back that this might 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 receives. .

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