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There are many different ways to generate residual income across a wide variety of businesses. It might be recurring income from the same customers or the sales of a product to new clients. It could necessitate no personal involvement whatsoever, like an e-book sold on a web site, or it can need some personal interaction, like the insurance agent calling the client to remind them about their renewal.

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

This leverages the work of different 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 affiliates who promote the product.A network marketer that builds 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 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 may or may not be residual income. When you combine them, that's 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, such as:

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

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

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

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Unfortunately no one has even till this afternoon made a complete list. So I spent the last week getting loaded 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 preferred passive income thoughts right here or you can check out 30 of my beloved real life passive income businesses here.

Ie first you need resource to haul ass and do something crazy, eg compose 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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Because you can observe passive income streams simply come from assets, and assets are bought with money (eg rental property) or in the event of most of the ideas under, bought through sweat more (eg ebook)!

Residual Income In Switzerland Things To Know Before You Get ThisResidual Income Ideas In Switzerland - An Overview
The much loved model for bloggers and content creators everywhere and for a good 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 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 simply need to concentrate on pumping some content for your own site and getting the traffic in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a blog.  Continue reading .

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 coats 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 receives. .

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