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During that time the one thing I wanted more than anything else, was a large 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. So I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income flow from my mind, my notes and the world wide 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 each morning as sale 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 resources, and resources are either bought with money (eg rental property) or in the about his case of find here almost all of the ideas under, bought through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and for a good reasonits pretty simple to write a 60-80 page ebook, not difficult to sell 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 official site 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 come take you away! And thats because back then selling products online was insanely complicated and time consuming. Pretty much as non-passive as a business receives. .
Investing is possibly the easiest way to make passive income. The problem is most investments sound great in theory but dont work out so well in practice. And if you dont have much experience or access to capital, let alone the opportunity to work it all out, it can appear more or less impossible. But, there is one clever way to invest that just may work. Continue reading .
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Were talking a members-only multimedia-driven website . And before I even dive into this idea with you, I must say straight up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
Ill be putting something together soon though as a working case study. However, in the meantime, I truly want to discuss this thought with you because it is rather fascinating. Continue reading >
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Im not talking about writing a site on cats and inserting some Google Adsense up in there. Continue reading >
Think simple Google-friendly content website with a top converting inquiry form for capturing details (maybe even a free report attached to that or something else to boost conversion). Continue reading >
Build and SEO optimize a web site 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 should you want to create a mainly info-based app there are plenty of easy to use apps 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 gain, outside of 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 >