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During this 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 till this afternoon made an entire list. I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream 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 ideas 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 mad, 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 flows simply come out of assets, and resources are bought with money (eg rental property) or even in the event of almost all of the ideas below, purchased through sweat (eg ebook)!
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The much adored model for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write a 60-80 page ebook, not difficult to market 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 >.
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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 the men in white coats to take you away! And thats because Full Report back then selling goods online was insanely complex and time consuming. Pretty much as non-passive as a business gets. .
Investing is arguably the simplest way to make passive income. The problem is most investments sound great in theory but 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 hopeless. But, there is one clever way to invest that 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 with you, I have to 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 share this idea with you since 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 type for capturing details (maybe 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 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 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 include up to profit, apart from the exceptional few business operators who are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >