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There are many different strategies to generate residual income over a huge array of businesses. It may be recurring income by the very same customers or the sales of a product to new customers. It could require no personal involvement in any respect, like an e-book sold on a web site, or it can need some personal interaction, such as the insurance agent calling the client to remind them regarding their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. For instance, a coach or consultant on a monthly retainer, or a secretary who delivers lunch every Monday to the local school board has recurring income, but it comes in recurring work which restricts on your earning capacity based on your own personal production capacity. .

This frees the work of other folks to create income for you. Some examples of leveraged income include:

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An e-book writer selling her e-book through associates that promote the product.A network marketer that assembles a downline and receives commissions on the sales generated by people in his downline.A general contractor who makes a profit margin on the job done by subcontractors.Franchising your business model into other entrepreneurs (the ultimate leveraged income). .

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

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

Although these need your direct participation, your earning potential is a lot greater than when someone was paying you a direct hourly fee. Fill a room with 1,000 people paying $50 each and you can pay for your facility cost, promotional price, and staffing prices and have a nice chunk of change left over. .

From the anchor wise notions like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly every passive income stream there is.

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

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Unfortunately no one has even until this day made an entire list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income flow from my head, 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 thoughts right here or you can check out 30 of my beloved real life passive income businesses here.

Ie first you need to haul ass and do something mad, eg compose a quality 20,000 word ebook (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.

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As you can see passive income flows simply come out of resources, and resources are either bought with money (eg rental property) or in the event of almost all 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 compose a 60-80 page ebook, not difficult to sell say $500 value a month through online networking, guest posting and your own SEO optimized site, and well you get to keep a large whack of this pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt like some down and dirty affiliate commissions!  Particularly in the event that you realize it can be even easier to make money in this way than with an ebook.  In the end, you merely 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 would have slapped you silly and called the men in white jackets to take you away!  And because back then selling products online was insanely complex and time consuming.  Pretty much as non-passive as a business gets. .

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