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During that period the one thing I wanted more than anything else, was a big fat epic record of ALL the possible passive income streams there were.
Unfortunately no one has even until this day made a complete 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 preferred passive income thoughts right 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 crazy, 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 iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can see passive income streams simply come from assets, and assets are either 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 loved model for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to write a 60-80 page ebook, not difficult to sell say $500 value a month through online networking, guest visit 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 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 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 gets. .
Investing is arguably the simplest way to produce passive income. The issue is most investments sound great in concept but dont work out so well in practice. And if you dont have much experience or access to funding, let alone the opportunity to work out it, it can appear more or less hopeless. However, there's one clever way to invest which just might 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 really want to share this thought with you because it is quite 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 easy Google-friendly content website with a top converting inquiry type for capturing information (possibly 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 movies to DVD / USB. Continue reading >
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Haha, nah apps arent that expensive to get made anymore. And should you want to produce a mainly info-based app there are plenty of simple to use programs 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, apart from 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 >