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During this period that the one thing I wanted more than anything else, was a large fat epic record of ALL the potential passive income streams there were.
Unfortunately no one has even until this afternoon made an entire list. I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream 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 ideas right 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 write 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.
As you can see passive income streams simply come out of resources, and assets are either bought with money (eg rental property) or in the event of most of the ideas below, purchased through sweat (eg ebook)!
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The much adored model for useful link bloggers and content creators everywhere and for a good reasonits pretty simple to write a 60-80 page ebook, not hard to market say $500 value 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 ago that this might 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 because back then selling products online was insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
Investing is possibly the easiest way to make passive income. The problem is most investments sound good in concept however dont work out so well in training. And if you dont have much experience or access to funding, let alone the opportunity to work it all out, it can appear more or less hopeless. But, there is one smart way to invest that just might work. Continue reading .
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Were talking a members-only multimedia-driven website . And before I even dive into this thought 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 truly want to discuss this idea with you since it is 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 website with a high converting inquiry type for capturing information (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Build 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 produce a mainly info-based app there are plenty of easy to use programs online for DIYing this to get a couple 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 profit, apart from the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >