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There are many different strategies to generate residual income across a huge array of businesses. It may be recurring income by the same clients or the sales of a product to new clients. It may require no personal involvement in any respect, like an e-book sold on a web site, or it can require some personal interaction, like the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income that might still need your involvement to earn the income. For instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch every Monday to the local school board has recurring income, but it comes from recurring work that restricts on your earning capacity based on your own personal production capacity. .

This frees the work of other people to create income for you. Some examples of leveraged income include:

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An e-book author selling her e-book through associates who promote the product.A network marketer that 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 job done by subcontractors.Franchising your business model into other entrepreneurs (the ultimate leveraged income). .

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

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This sort of income requires your immediate participation, but you can make more money by having more people involved. This generally involves a one-time event, such as:

Although these require your immediate participation, your earning potential is a lot higher than if someone was just paying you an immediate hourly fee. Fill a room with 1,000 people paying $50 each and you can pay for your facility price, promotional price, and staffing prices and have a nice chunk of change left over. .

In the wise ideas like an online path to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about pretty much every passive income address flow there is.

During this period the one thing I wanted more than anything else, was a large fat epic record of all of the potential passive income flows there were.

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Unfortunately no one has even till this afternoon made a complete list. I spent the past 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 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 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.

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As you can see passive income flows simply come out of assets, and assets are either bought with money (eg rental property) or in the case of almost all of the ideas below, 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 difficult to sell say $500 worth 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 enjoy some down and dirty affiliate fees!  Particularly in the event that you understand it can be even easier to earn money this way than with an ebook.  In the end, you simply need to concentrate on pumping some content to your own site and getting the traffic in, often via Google or social websites.  Unsurprisingly, the majority of people can enjoy their very first affiliate sale within 30 days of starting a site.  Continue reading >.

If you told me several years ago that this might 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 thats because back then selling products online was insanely complex and time consuming.  Pretty much as non-passive as a business receives. .

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