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There are many different strategies 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 customers. It may require no personal involvement whatsoever, such as an e-book offered on a web site, or it may require some personal interaction, like the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn the income. By way of example, a mentor 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 that limits on your earning capacity based on your own personal production ability. .

This leverages the work of different 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 affiliates 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 to 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 labour, rather than mainly your own. Note that leveraged income may or may not be residual income. When you combine them, that is 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:

Though these require your immediate participation, your earning potential is a lot higher than if someone was just paying you a direct hourly fee. Fill in a room with 1,000 people paying $50 each and you can cover your facility cost, promotional price, and staffing prices and 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 articles 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 big fat epic record of ALL the potential passive income streams there were.

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Unfortunately no one has even until this day made a complete list. I spent the last 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 ideas here or you can check out 30 of my favorite real-life passive income businesses find more information 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 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 work.

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As you can observe passive income streams simply come out of resources, and assets are either bought with money (eg rental property) or even in the event of most of the ideas under, purchased through sweat (eg ebook)!

Residual Income Ideas In Switzerland - TruthsThe 4-Minute Rule for Residual Income In Switzerland - Passive Residual Income
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 difficult to sell 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 this pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt like some down and dirty affiliate commissions!  Particularly in the event that you understand it can be even simpler to make 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 traffic 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 several years ago that this might end up being my #1 source of passive income, I'd have slapped you silly and called the men in white coats to come 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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