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There are many different ways to generate residual income over a huge array of businesses. It may be recurring income by the very same customers or the sales of a product to new customers. It may require no personal involvement whatsoever, such as an e-book sold on a website, or it may require some personal interaction, such as the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn the income. For example, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, however it comes in recurring work which limits on your earning capacity based on your own personal production ability. .

This leverages the work of different people to create income for you. A Few Examples of leveraged income include:

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An e-book writer selling her e-book through affiliates who promote the product.A network marketer who assembles a downline and receives commissions on the sales made by people in his downline.A general contractor who makes a profit margin on the work done by subcontractors.Franchising your business model into other entrepreneurs (the supreme leveraged income). .

Again, there are many different versions in many different businesses. The key is that you are making money off of other people's labor, rather than mainly your own. Note that leveraged income might or might not be residual income. When you combine them, that is even better.

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This type of income requires your direct participation, but you can earn more money by having more people involved. This generally involves a one-time event, for example:

Although these need your immediate participation, your earning potential is much greater than if someone was paying you an immediate hourly fee. Fill a room with 1,000 individuals paying $50 each and you can cover your facility cost, promotional price, and staffing fees and have a nice chunk of change left over. .

In the smart notions like an online course to the dress-me-in-the-white-jacket notions like writing articles for adsense, Ive thought about nearly every passive income stream there is.

During this period the one thing I wanted more than anything else, was a big fat epic record of all of the possible passive see here now income streams there were.

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Unfortunately no one has even until 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 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 thoughts here or you can check out 30 of my favorite real-life passive income businesses here.

Ie first you need to haul ass and do something crazy, eg write 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 own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.

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As you can see passive income flows simply come out of assets, and resources are either bought with money (eg rental property) or in the case of most of the ideas below, 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 compose a 60-80 page ebook, not hard 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 the pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt like some down and dirty affiliate commissions!  Especially if you realize it can be even easier to earn money in this way than using an ebook.  In the end, you simply need to concentrate on pumping out some content for your own site and getting the traffic in, often via Google or societal websites.  Unsurprisingly, the majority of people can enjoy their first affiliate sale within 30 days of starting a blog.  Continue reading >.

If you told me a few years ago that this would end up being my #1 source of passive income, I my company would have slapped you silly and called up the men in white jackets to come take you away!  And thats because back then selling goods online was insanely complex and time consuming.  Pretty much as non-passive as a business receives. .

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