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There are many different strategies to generate residual income over a wide variety of businesses. It may be recurring income from the same clients or the sales of a product to new clients. It could necessitate no personal involvement whatsoever, such as an e-book sold on a website, or it may need some personal interaction, such as the insurance agent calling the customer to remind them regarding their renewal.

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

This frees the work of different folks to make 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 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 work done by subcontractors.Franchising your business model to other entrepreneurs (the ultimate 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 labor, rather than mainly your own. Note that leveraged income may or may not be residual income. When you combine them, that's even better.

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This sort of income requires your direct participation, but you can make more money by having more people involved. This generally involves a one-time event, such as:

Though these need your direct participation, your earning potential is much higher than when someone was just paying you an immediate hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can cover your facility price, promotional cost, and staffing prices and still have a nice chunk of change left over. .

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

During this time the one thing I wanted more than anything else, was a large fat epic list of all of the potential passive income streams 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 imp source 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 favorite 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 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 iPhone every morning as sale 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 resources, and resources are bought with money (eg rental property) or in the event of most of the ideas under, bought through sweat (eg ebook)!

The smart Trick of Residual Income In Switzerland - Passive Residual Income That Nobody is DiscussingResidual Income Ideas In Switzerland Things To Know Before You Get This
The much adored model for bloggers and content creators everywhere and for a fantastic 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 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 fees!  Particularly if you realize it can be even simpler to earn money this way than with an ebook.  After all, you simply need to concentrate on pumping out some content to your own site and getting the visitors in, often via Google or societal websites.  Unsurprisingly, the majority of 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 find up being my #1 source of passive income, I'd 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 receives. .

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