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During that time that the one thing I wanted more than anything else, was a large fat epic record of all of the possible passive income flows there were.
Unfortunately no one has even till this day made an entire list. I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my head, 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 compose a quality 20,000 word blossom (insanely not passive hahahah), but then you get 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 see passive income flows simply come out of assets, and resources are either bought with money (eg rental property) or in the event of almost all of the ideas under, purchased through perspiration (eg ebook)!
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The much adored version for bloggers and content creators everywhere and for a good reasonits pretty easy to write 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 .
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If you told me a few years ago 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 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 gets. .
Investing is arguably the simplest way to produce passive income. The issue is most investments sound good in concept but dont work out so nicely in practice. And if you dont have much experience or access to capital, let alone the opportunity to work it all out, it can appear more or less hopeless. However, there is one clever way to invest which just may work. Continue reading >.
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Were talking a members-only multimedia-driven website . And before I even dive into this thought with 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. However, in the meantime, I really want to share this thought with you because it's rather fascinating. Continue reading >
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Im not talking about writing a blog 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 (maybe even a free report attached to this or something else to boost conversion). Continue reading >
Construct and SEO optimize a web site 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 if you want to produce a mainly info-based program there are plenty of easy to use programs online for DIYing this to get a few hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they include up to gain, 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 >