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There are many different ways to generate residual income over a wide variety of businesses. It may be recurring income from the very same customers or the sales of a product to new customers. It could necessitate no personal involvement whatsoever, such as an e-book offered on a website, or it may need some personal interaction, such as the insurance agent calling the customer to remind them regarding their renewal.

Note that this is different from recurring income that might still require your involvement to earn the income. By way of example, a coach or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, however it comes from recurring work that restricts on your earning ability based on your own personal production ability. .

This leverages the work of other people to create income for you. Some 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 who 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 work done by subcontractors.Franchising your business model into other entrepreneurs (the supreme leveraged income). .

Again, there are many different models in many different businesses. The key is that you are making money from other people's labor, rather than mainly your own. Note that leveraged income may or may not be residual income. When you combine them, that is even better.

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

Although these need your immediate participation, your earning potential is much greater than when 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 cost, and staffing prices and have a nice chunk of change left over. .

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

During this time the one thing I wanted more than anything else, was a large fat epic record of ALL the possible passive income flows there were.

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Unfortunately no one has even until this afternoon made a complete list. So I spent the last week getting wealthy 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 ideas 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 have to sit back and enjoy seeing PayPal click reference 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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Because you can observe passive income streams simply come out of resources, and resources are browse around this web-site bought with money (eg rental property) or even in the case of almost all of the ideas under, bought through sweat (eg ebook)!

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The much adored version for bloggers and content creators everywhere and to get a fantastic reasonits pretty easy to compose a 60-80 page ebook, not difficult 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 the pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt enjoy some down and dirty affiliate commissions!  Particularly if you realize it can be even easier to earn money in this way than using an ebook.  After all, you simply need to concentrate on pumping out some content to your own site and getting the traffic in, often via Google or social websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a blog.  Continue reading >.

If you told me several years ago 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 jackets to come take you away!  And because back then selling goods online was insanely complicated and time consuming.  Pretty much as non-passive as a business gets. .

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