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There are many different strategies to generate residual income across a huge array of businesses. It might be recurring income from the same clients or the sales of a product to new customers. It could necessitate no personal involvement whatsoever, like an e-book sold on a website, or it may need some personal interaction, like the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income which may still require your involvement to earn the income. For instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch every Monday into the local school board has recurring income, however it comes in recurring work which limits on your earning capacity based on your own personal production ability. .

This frees the work of other people to create income for you. A Few Examples of leveraged income include:

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An e-book author selling her e-book through associates that promote the product.A network marketer that assembles a downline and receives commissions on the sales made 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 versions in many different businesses. The key is that you are making money from other people's labour, rather than primarily your own. Note that leveraged income might or might not be residual income. When you combine them, that's even better.

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This type of income requires your immediate participation, but you can make more money by having more people involved. This generally involves a one-time event, such as:

Though these require your direct participation, your earning potential is a lot higher than if someone was paying you an immediate hourly rate. Fill a room with 1,000 individuals paying $50 each and you can cover your facility cost, promotional price, and staffing prices and still have a nice chunk of change left over. .

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

During this period the one thing I wanted more than anything else, was a big fat epic record of ALL the potential passive income streams there were.

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Unfortunately no one has even till this afternoon made an entire list. So I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income flow from my head, my notes and the world wide interwebs!

PS if you want to cut to the chase you can get access to 3 of my favorite passive income thoughts 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 mad, 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 every morning available after sale after sale is madeon an ongoing basis and without any additional work.

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As you can see passive income flows simply come from resources, and resources are 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 version for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write a 60-80 page ebook, not difficult to sell say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you read review 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!  Especially in the event that you understand it can be even simpler to make money this way than using an ebook.  In the end, you simply need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a site.  Continue reading .

If you told me a few years back that this might end up being my #1 source of passive income, I would have slapped you silly and called the men in white coats to take dig this you away!  And thats 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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