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During that time that the one thing I wanted more than anything else, was a large fat epic record of ALL the possible passive income streams there were.
Unfortunately no one has even until this day made an entire list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income flow 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 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 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 assets, and assets are either bought with money (eg rental property) or even in the case of most of the ideas under, bought through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and for a fantastic reasonits pretty easy 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 this pie after paying affiliates. Hells yeah! Continue reading >.
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If you told me a few years back that this might end up being my #1 source of passive income, I'd have slapped you silly and called up the men in white coats to take you away! And because back then selling goods his comment is here online was insanely complicated and time consuming. Pretty much as non-passive as a business receives. .
Investing is possibly the simplest way view website to make passive income. The problem is most investments sound good in concept but dont work out so nicely in practice. And if you dont have much experience or access to capital, let alone the time to work out it, it can appear more or less check out here impossible. However, there is one clever way to invest that just might 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 straight 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. However, in the meantime, I really want to share this thought with you because it is 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 simple Google-friendly content website with a top converting inquiry type for capturing information (possibly even a free report attached to this or something else to boost conversion). Continue reading >
Construct and SEO optimize a website 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 produce a mainly info-based app there are plenty of simple to use programs online for DIYing this for a few 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, outside of 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 >