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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 possible passive income streams there were.
Unfortunately no one has even until this afternoon made an entire list. I spent the past 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 thoughts right 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 crazy, 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 own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can see passive income streams simply come out of assets, and assets are bought with money (eg rental property) or in the event of most of the ideas under, purchased through sweat (eg ebook)!
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The much loved model for bloggers and content creators everywhere and for a good reasonits pretty easy to compose a 60-80 page ebook, not hard to market say $500 value 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 .
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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 would have slapped you silly and called the men in white jackets to 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 receives. .
Investing is possibly the simplest way to make passive income. The issue is most investments sound good in theory however dont work out so nicely in practice. And if you dont have much experience or access to funding, let alone the opportunity to work out it, it can seem more or less impossible. However, 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 thought on you, I must say straight 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 idea with you because it's rather fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense upward in there. Continue reading >
Think simple Google-friendly content site with a top converting inquiry form for capturing information (maybe even a free report attached to that or something else to boost conversion). Continue reading >
Construct and SEO optimize a website 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 profit, outside of the exceptional few business operators who are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >