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During that period the one thing I wanted more than anything else, was a large fat epic list of all of the possible passive income flows there were.
Unfortunately no one has even till this day made an entire list. So I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my mind, my notes and the world wide interwebs!
PS if you want to cut to the chase you can get access to 3 of my favorite 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 crazy, eg write 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 own iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can see passive income streams simply come from resources, and resources are bought with money (eg rental property) or in the case of almost all of the ideas below, purchased through sweat (eg ebook)!
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The much adored version for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to write a 60-80 page ebook, not difficult to market say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to keep a large whack of this pie after paying affiliates. Hells yeah! Continue reading >.
Who doesnt like some down and dirty affiliate fees! Particularly in the event that you understand it can be even simpler to earn money this way than with an ebook. After all, you merely need to concentrate on pumping some content to your own site and getting the visitors 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 blog. Continue reading >. Continue
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If you told me several years back 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 This Site jackets 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 gets. .
But now thanks to Amazon, this is not only easy, but it can be particularly lucrative as Ive found out. Continue reading >
Investing is possibly the simplest way to produce passive income. The problem is most investments sound great in theory but dont work out so nicely in practice. And if you dont have much experience or access to funding, let alone the time to work it all out, it can appear more or less impossible. But, there is one clever way to invest that just may work. Continue reading >.
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Were talking a members-only multimedia-driven website . And before I even dive into this idea on you, I must say right up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I really like this idea and Ive seen some fantastic operators online pull it off beautifully. But I must confess Ive never personally earned passive income from a setup similar to this before.
Ill be putting something together soon though as a working case study. But in the meantime, I really want to discuss this thought with you because it is rather 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 form for capturing information (maybe even a free report attached to that or something else to improve conversion). Continue reading >
Build and SEO optimize a website 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 if you want to create a mainly info-based app there are plenty of simple to use apps 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 gain, apart from the exceptional few business operators that are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >