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There are many different ways to generate residual income across a wide variety of businesses. It might be recurring income by the very same customers or the earnings of a product to new customers. It could require no personal involvement whatsoever, like an e-book sold on a website, or it can require 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 which may still need your involvement to earn your income. By way of example, a coach or consultant on a monthly retainer, or a caterer who delivers lunch every Monday to the local school board has recurring income, but it comes from recurring work which limits on your earning ability based on your own personal production ability. .

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

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An e-book writer selling her e-book through affiliates who promote the product.A network marketer that builds a downline and receives commissions on the sales made 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 supreme leveraged income). .

Again, there are many different models in many different businesses. The key is that you are making money from other people's labor, rather than mainly your own. Note that leveraged income might or might 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, such as:

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

In the wise ideas like an online course to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about pretty much every passive income flow there is.

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

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Unfortunately no one has even until this afternoon made an entire list. 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 dig this 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.

Ie first you need to haul ass and do something mad, 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 effort.

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As you can see passive income streams simply come out of assets, and resources are bought with money (eg rental property) or even 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 for content a good reasonits pretty simple 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 the pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt like some down and dirty affiliate commissions!  Especially if you understand it can be even easier to earn money in this way than with an ebook.  In the end, you merely need to concentrate on pumping out some content for your own site and getting the visitors in, often via Google or social websites.  Unsurprisingly, most people can enjoy their very first affiliate sale within 30 days of starting a site.  Continue reading .

If you told me a few years back 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 coats to come take you away!  And thats because back then selling goods online was insanely complex and time consuming.  Pretty much as non-passive as a business gets. .

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