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During that period that the one thing I wanted more than anything else, was a big fat epic list of all of the potential passive income streams there were.
Unfortunately no one has even till this day made a complete list. I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream 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 favorite passive income ideas 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 write 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 as sale after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can observe passive income streams simply come out of assets, and resources are either bought with money (eg rental property) or even in the case of almost all of the ideas below, purchased through perspiration (eg ebook)!
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The much adored model for bloggers and content creators everywhere and for a fantastic reasonits pretty easy to compose a 60-80 page ebook, not difficult to sell 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 a few 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 find this to come 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 gets. .
Investing is arguably the easiest way to produce passive income. The issue is most investments sound good in theory but dont work out so well in practice. And if you dont have much experience or access to capital, let alone the time to work it all out, it can seem more or less hopeless. However, find this there's one clever way to invest which 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 have to say right 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. But in the meantime, I really want to share this idea with you since it's quite 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 website with a high converting inquiry type for capturing details (maybe even a free report attached to that or something else to boost conversion). Continue reading >
Build and SEO optimize a web site 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 produce a mainly info-based program there are plenty of easy to use apps online for DIYing this for a few hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they add up to gain, apart from the exceptional few business operators who are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >