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During that time the one thing I wanted more than anything else, was a big fat epic list of ALL the potential passive income streams 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 favorite passive income thoughts 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 mad, eg compose 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 each morning available after sale after sale is madeon an ongoing basis and without any additional effort.
As you can see passive income flows simply come from resources, and resources are bought with money (eg rental property) or even in the event of most of the ideas under, bought through sweat (eg ebook)!
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The much adored version for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write a 60-80 page ebook, not hard 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 the pie after paying affiliates. Hells yeah! Continue reading .
Who doesnt like some down and dirty affiliate fees! Especially if you understand it can be even easier to make money this way than using an ebook. After all, you simply need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or societal websites. 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 ago that this would end up being my #1 source of passive income, I'd have slapped you silly and called up the men in white coats to come take you away! And because back then selling products 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 possibly the simplest way to produce passive income. The issue is most investments sound good in concept however dont work out so well in practice. And if you dont have much experience or access to funding, let alone the time to work out it, it can seem more or less hopeless. But, there my explanation is one smart way to invest that just may work. Continue reading .
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Were talking a members-only multimedia-driven website here. And before I even dive into this idea with you, I have to say straight up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I really like this idea and Ive seen some great operators online pull it off superbly. 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 because 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 easy Google-friendly content website with a top converting inquiry form for capturing details (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Construct 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 if you want to create a mainly info-based program 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 these businesses and in no way can they add up to profit, outside of the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >