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There are many different ways to generate residual income across a wide array of businesses. It might be recurring income by the same clients or the earnings of a product to new clients. It could require no personal involvement in any respect, like an e-book offered on a website, or it may require some personal interaction, such as the insurance agent calling the customer to remind them about their renewal.

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

This frees the work of different folks to make income for you. A Few 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 who assembles a downline and receives commissions on the sales generated by people in his downline.A general contractor who makes a profit margin on the work done by subcontractors.Franchising your business model to other entrepreneurs (the ultimate leveraged income). .

Again, there are many different models in many different businesses. The key is that you're making money from other people's labor, rather than primarily your own. Note that leveraged income might or might not also be residual income. When you combine them, that is even better.

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This sort 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:

Although these require your direct participation, your earning potential is much greater than when someone was paying you an immediate hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can cover your facility price, promotional cost, and staffing fees and still have a nice chunk of change left over. .

In the smart notions like an online course to the dress-me-in-the-white-jacket notions like writing articles for adsense, Ive thought about pretty much every passive income flow there is.

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

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Unfortunately no one has even until this afternoon made an entire list. 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 preferred passive income thoughts right here or you can check out 30 of my favorite real-life passive income businesses here.

Ie first you need 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 work.

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Because you can see passive income streams simply come out of assets, and assets are either bought with money (eg rental property) or in the event of most of the ideas below, bought through perspiration (eg ebook)!

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The much adored version for bloggers and content creators everywhere and for a good reasonits pretty simple to compose a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to maintain 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 easier to make money this way than with an ebook.  In the end, you merely need to concentrate on pumping some content to 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 a few years back that this might end up being my #1 source of this website passive income, I'd have slapped you silly and called Click This Link up the men in white coats to come take you away!  And because back then selling goods online was insanely complex and time consuming.  Pretty much as non-passive as a business gets. .

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