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During that period the one thing I wanted more than anything else, was a big fat epic list of all of the possible passive income streams there were.
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 mind, 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 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 mad, 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.
As you can observe passive income streams simply come out of resources, and assets are bought with money (eg rental property) or even in the event of most of the ideas under, 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 simple 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 blog, and well you get to maintain a large whack of the pie after paying affiliates. Hells yeah! Continue reading >.
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If you told me several years ago that this would end up being my #1 source of passive income, I'd have slapped you silly and called up the men in white coats 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. .
Investing is arguably the easiest way to produce passive income. The issue is most investments sound great in concept but dont work out so well in practice. And if you dont have much experience or access to funding, let alone the time to work it all out, it can seem more or less hopeless. But, there's one smart way to invest that just might work. Continue reading >.
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Were talking a members-only multimedia-driven website . And before I even dive into this idea with you, I must say right up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
Ill be putting something together soon though as a working case study. But in the meantime, I truly want to share this thought with you since it is rather fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense up in there. Continue reading >
Think simple Google-friendly content site with a high converting inquiry form for capturing information (maybe even a free report attached to this or something else to improve conversion). Continue reading >
Build and SEO optimize a web site 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 should you want to create a mainly info-based app there are plenty of easy to use apps online for DIYing this to get a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they add up to gain, outside of the exceptional few business operators that are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >