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During that period that the one thing I wanted more than anything else, was a large fat epic list of ALL the possible passive income streams there were.
Unfortunately no one has even till this afternoon made an entire list. So I spent the past week getting loaded 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 beloved real life passive income businesses here.
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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 get to sit back and enjoy seeing PayPal sale messages pop up on your 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 flows simply come from assets, and assets are either bought with money (eg rental property) or in the case of most of the ideas under, bought through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and to get a good reasonits pretty easy 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 keep 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 would end up being my Look At This #1 source of passive income, I would 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 complicated and time consuming. Pretty much as non-passive as a business receives. .
Investing is arguably the easiest way to produce passive income. The issue is most investments sound great in theory however 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 appear more or less impossible. However, 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 here. And before I even dive into this thought 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. But in the meantime, I really want to share this thought with you because it's rather fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense upward in there. Continue reading >
Think simple Google-friendly content site with a top converting inquiry form for capturing details (possibly even a free report attached to this 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 if you want to produce a mainly info-based app there are plenty of simple to use apps online for DIYing this for a few hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they include up to profit, outside of the exceptional few business operators that are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >