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There are many different ways to generate residual income across a wide array of businesses. It may be recurring income by the very same customers or the earnings of a product to new customers. It could necessitate no personal involvement in any respect, such as an e-book sold on a web site, or it can require some personal interaction, like 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 the income. By way of example, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch every Monday into the local school board has recurring income, but it comes from recurring work that limits on your earning ability based on your own personal production ability. .

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

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An e-book writer selling her e-book through associates who promote the product.A network marketer that builds a downline and receives commissions on the sales made by people in his downline.A general contractor who makes a profit margin on the job done by subcontractors.Franchising your business model into other entrepreneurs (the ultimate leveraged income). .

Again, there are many different versions in many different businesses. The key is that you're making money off of other people's labour, rather than primarily your own. Note that leveraged income may or may not be residual income. When you combine them, that's even better.

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

Though these need your immediate participation, your earning potential is much higher than if someone was just paying you a direct hourly fee. Fill in a room with 1,000 people paying $50 each and you can pay for your facility cost, promotional price, and staffing prices and still have a nice chunk of change left over. .

In the smart ideas like an online path to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about nearly every passive income stream there is.

During this check time 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.

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Unfortunately no one has even till this afternoon made an entire list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different click for info 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 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 crazy, eg write a quality 20,000 word ebook (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 as sale after sale after sale is madeon an ongoing basis and without any additional work.

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As you can observe passive income streams simply come out of top article assets, and resources are either bought with money (eg rental property) or in the event of most of the ideas under, bought through sweat (eg ebook)!

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The much loved model for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized blog, 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!  Particularly if you realize it can be even easier to earn money this way than using an ebook.  In the end, you merely need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or societal media.  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 passive income, I'd have slapped you silly and called 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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