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During that period the one thing I wanted more than anything else, was a large fat epic list of ALL the possible passive income streams 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 mind, 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 favorite 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 get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can observe passive income streams simply come from assets, and resources are either bought with money (eg rental property) or even in the case of most of the ideas below, purchased through sweat (eg ebook)!
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The much loved model for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose a 60-80 page ebook, not difficult to sell say $500 value 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 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. In the end, you merely need to concentrate on pumping some content to your own site and getting the traffic in, often via Google or social websites. Unsurprisingly, the find this 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 of passive income, I would have slapped you silly and called the men in white jackets to take you away! And thats because back then selling products online was insanely my sources complicated and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only easy, but it can be extremely rewarding as Ive found out. Continue reading >
Investing is possibly the easiest way to produce passive income. The issue is most investments sound good in theory however dont work out so well in training. And if you dont have much experience or access to capital, let alone the opportunity to work out it, it can seem more or less impossible. However, there 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 thought with you, I must say right 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 great operators online pull it off superbly. But I must confess Ive never personally earned passive income from a setup like this before.
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 rather fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense up in there. Continue reading >
Think simple Google-friendly content site with a high converting inquiry type 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 movies 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 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 those businesses and in no way can they include up to profit, apart from the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >