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During this time that the one thing I wanted more than anything else, was a big fat epic list of ALL the possible passive income flows 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 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 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 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 each morning as sale after sale after sale is madeon an ongoing basis and without any additional work.
Because you can observe passive income flows simply come out of assets, and assets are either bought with money (eg rental property) or in the case of most click reference of the you can try this out ideas below, purchased through sweat (eg ebook)!
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The much adored model 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 site, and well you get to maintain a large whack of the 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 #1 source of passive income, I'd have slapped you silly and called up the men in white coats to take you away! And because back then selling products online was insanely complex blog and time consuming. Pretty much as non-passive as a business gets. .
Investing is possibly the easiest way to make passive income. The issue is most investments sound good in concept but dont work out so well in training. And if you dont have much experience or access to funding, let alone the time to work out it, it can appear more or less impossible. But, there is one clever way to invest that just may 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 have to say straight up this is a looooot of work. 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 discuss this idea with you since it's quite fascinating. Continue reading >
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Im not talking about writing a blog 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 (maybe even a free report attached to that or something else to boost conversion). Continue reading >
Construct and SEO optimize a web site 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 create a mainly info-based app there are plenty of simple to use programs online for DIYing this to get a couple hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they add 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 >