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During this period that the one thing I wanted more than anything else, was a large fat epic record of ALL the possible passive income flows there were.
Unfortunately no one has even until this day made an entire list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income stream 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 preferred passive income thoughts right here or you can check out 30 of my beloved real-life passive income businesses here.
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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 iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional work.
Because you can observe passive income flows simply come out of assets, and assets are either bought with money (eg rental property) or even in the case of almost all of the ideas under, purchased through perspiration (eg ebook)!
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The much loved model for why not try here bloggers and content creators everywhere and for a good reasonits pretty simple to compose a 60-80 page ebook, not difficult to market say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of this 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 be even easier to make money in this way than using an ebook. After all, you merely need to concentrate on pumping some content to your own site and getting the visitors in, often via this hyperlink Google or societal media. Unsurprisingly, the majority of people can enjoy their first affiliate sale within 30 days of starting a blog. Continue reading .
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If you told me a few years ago that this would end up being my #1 source go to website of passive income, I'd have slapped you silly and called up the men in white jackets to take you away! And because back then selling goods online was insanely complicated and time consuming. Pretty much as non-passive as a business receives. .
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 easiest way to make passive income. The issue is most investments sound good in theory but dont work out so nicely in practice. And if you dont have much experience or access to capital, let alone the time to work it all out, it can appear more or less impossible. However, there's one smart 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 must say straight up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some great operators online pull it off beautifully. But I must confess Ive never personally earned passive income by 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 thought with you since it's quite 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 website with a high converting inquiry type for capturing details (possibly even a free report attached to this or something else to improve 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 app there are plenty of simple to use programs online for DIYing this for a couple hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they add up to profit, outside of the exceptional few business operators that are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >