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During this period that the one thing I wanted more than anything else, was a big fat epic record of all of the potential passive income streams there were.
Unfortunately no one has even until 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 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 write a quality 20,000 word ebook (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.
As you can see passive income streams simply come out of assets, and resources are bought with money (eg rental property) or in the event of almost all 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 difficult 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 .
Who doesnt enjoy some down and dirty affiliate fees! Especially if you realize it can be even easier to make money this way than with an ebook. In the end, you simply need to concentrate on pumping out some content to your own site and getting the visitors in, often via Google or social media. Unsurprisingly, the majority of people can enjoy their very first affiliate sale within 30 days of starting a site. 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 up the men in white jackets to take you away! And thats because back then selling goods online was website here insanely complex and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only easy, but it can be extremely rewarding as Ive found out. Continue reading >
Investing is possibly the easiest way to make passive income. The issue is most investments sound great in theory but dont work out so nicely in training. And if you dont have much experience or access to funding, let alone the time to work it all out, it can appear more or less hopeless. But, there is one smart way to invest which just may work. Continue reading .
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Were talking a members-only multimedia-driven website . And before I even dive into this thought with you, I have to say straight up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some great operators online pull it off superbly. But I must confess Ive never personally earned passive income by a setup like this before.
Ill be putting something together soon though as a working case study. However, in the meantime, I really want to share this idea with you since 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 easy Google-friendly content site with a top converting inquiry type for capturing information (possibly even a free report attached to that or something else to improve 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 create a mainly info-based app there are plenty of simple 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 those businesses and in no way can they add up to profit, apart from the exceptional few business operators who are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >