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During that time the one thing I wanted more than anything else, was a large fat epic list of ALL the potential passive income streams there were.
Unfortunately no one has even until this afternoon made an entire list. So I spent the last week getting loaded 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 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 compose 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 each morning available after sale after sale is madeon an ongoing basis and without any additional work.
Because you can observe passive income streams simply come from resources, and resources are either bought with money (eg rental property) or even in the case of most of the ideas under, bought through sweat (eg ebook)!
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The much adored version for bloggers and content creators everywhere and to get a fantastic reasonits pretty easy to compose a 60-80 page ebook, not difficult to market say $500 value a month through online networking, guest posting and your own SEO optimized site, and well you get to keep a large whack of the pie after paying affiliates. Hells yeah! Continue reading >.
Who doesnt enjoy some down and dirty affiliate commissions! Particularly if you understand it can be even easier to earn money this way than with an ebook. In the end, you merely need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or social media. Unsurprisingly, the majority of people can enjoy their first affiliate sale within 30 days of starting a site. Continue reading .
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If you told me a few years back that this would end up being my #1 source of passive income, I would have slapped you silly and called the men in white 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 receives. .
But now thanks to Amazon, this is not only simple, but it can be particularly rewarding as Ive found out. Continue reading >
Investing is possibly the simplest way to produce passive income. The problem is most investments sound good in theory however dont work out so well in practice. And if you dont have much experience or access to capital, let alone the time to have a peek at this website work out it, it can seem more or less hopeless. However, there's one clever way to invest that just may work. Continue reading .
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Were talking a members-only multimedia-driven website here. And before I even dive into this thought with you, I have to say straight 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 superbly. But I must confess Ive never personally earned passive income from a setup like this before.
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 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 up in there. Continue reading >
Think simple Google-friendly content website with a top converting inquiry type for capturing details (possibly even a free report attached to this or something else to improve conversion). Continue reading >
Build and SEO optimize a website 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 if you want to produce a mainly info-based program there are plenty of easy to use programs online for DIYing this to get a few 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 profit, apart from the exceptional few business operators who are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >