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During this period the one thing I wanted more than anything else, was a large fat epic list of all of the potential passive income flows there were.
Unfortunately no one has even till this day made a complete list. So I spent the last 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 favorite 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 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.
Because you can see passive income streams simply come from assets, and resources are bought with money (eg rental property) or in the case of most of the ideas below, purchased through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and to get a good reasonits pretty simple to compose a 60-80 page ebook, not hard to market say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to maintain a large whack of this pie after paying affiliates. Hells yeah! Continue reading >.
Who doesnt enjoy some down and dirty affiliate fees! Especially in the event that you realize it can be even easier to earn money in this way than using an ebook. In the end, you merely need to concentrate on pumping out some content to your own site and getting the traffic in, often via Google or social media. Unsurprisingly, the majority of people can enjoy their very first affiliate sale within 30 days of starting a site. Continue reading >.
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If you told me several years back that this would end up being my #1 source Web Site of see it here passive income, I would have slapped you silly and called the men in white coats to come 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 easy, but it can be extremely lucrative as Ive found out. Continue reading >
Investing is arguably the simplest way to produce passive income. The problem is most investments sound good in concept but dont work out so nicely in training. And if you dont have much experience or access to funding, let alone the opportunity to work it all out, it can appear more or less impossible. But, there is 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 idea with you, I have to say straight up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some fantastic operators online pull it off beautifully. But I must confess Ive never personally earned passive income from a setup similar to this before.
Ill be putting something together soon though as a working case study. However, in the meantime, I truly want to share this thought with you since it is quite fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense up in there. Continue reading >
Think simple Google-friendly content website with a high converting inquiry form for capturing details (possibly even a free report attached to this or something else to boost conversion). Continue reading >
Build and SEO optimize a website 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 create a mainly info-based app there are plenty of simple to use apps online for DIYing this to get a few hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of those 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 the leg work and maintenance. Continue reading >