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There are many different ways to generate residual income over a huge variety of businesses. It may be recurring income by the very same customers or the sales of a product to new clients. It could require no personal involvement whatsoever, like an e-book offered on a web site, or it may need some personal interaction, such as the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income which may still require your involvement to earn the income. By way of example, a coach or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, however it comes in recurring work that restricts on your earning capacity based on your own personal production ability. .

This leverages the work of other people to make income for you. A Few Examples of leveraged income include:

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

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

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This type of income requires your direct participation, but you can make 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 if someone was paying you an immediate hourly rate. Fill a room with 1,000 individuals paying $50 each and you can pay for your facility price, promotional cost, and staffing prices and have a nice chunk of change left over. .

In the smart ideas like an online path to the dress-me-in-the-white-jacket notions like writing articles for adsense, Ive thought about pretty much every passive income stream there's.

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

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Unfortunately no one has even till this day made an entire list. I spent the past week getting wealthy on strong Go Here 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 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 crazy, 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 useful reference up on your iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional work.

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As you can observe passive income flows simply come from assets, and assets are either bought with money (eg rental property) or in the event of most of the ideas below, bought through perspiration (eg ebook)!

Examine This Report on Residual Income Ideas In SwitzerlandSome Of Residual Income In Switzerland - Passive Residual Income
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 market say $500 worth a month through online networking, guest posting and your own SEO optimized site, 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!  Particularly in the event that you realize it can be even Visit Your URL simpler to make money this way than with an ebook.  In the end, you merely need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a site.  Continue reading .

If you told me several years ago that this would 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 because back then selling products online was insanely complicated and time consuming.  Pretty much as non-passive as a business gets. .

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