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During this time that the one thing I wanted more than anything else, was a large fat epic list of ALL the possible passive income flows there were.
Unfortunately no one has even until this afternoon made a complete 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 preferred passive income ideas 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 blossom (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.
As you can see passive income streams simply come out of resources, and resources are either bought with money (eg rental property) or even in the event of most of the ideas below, bought through perspiration (eg ebook)!
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The much adored version for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to write a 60-80 page ebook, not difficult to sell say $500 value a month through online networking, guest posting and your own SEO optimized blog, and well you get to maintain a large whack of the pie after paying affiliates. Hells yeah! Continue reading .
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If you told me several years ago that this would 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 receives. .
Investing is arguably the simplest way to make passive income. The issue is most investments sound great in concept however dont work out so nicely in training. 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 hopeless. But, 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 on you, I have to say right up this is a looooot of job. 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 since 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 easy Google-friendly content site with a high converting inquiry form for capturing information (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Build and SEO optimize a web site 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 should you want to produce a mainly info-based app there are plenty of simple to use apps online for DIYing this to get a couple 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 of the leg work and maintenance. Continue reading >