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Oh no! There are so many horror stories of people investing in their mates bar or bar or anything, the thought sends shivers up my spine. Continue reading >
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Before we jump in, a reasonable word of warning this is gonna take some significant work, but can pay off big time. Its important to think outside the box with this idea and recognize that any niche can get the job done nicely. Continue reading >
Websites like Cafepress make it super easy to publish designs, which means just like with the stock photography idea above, you can pump out a ton of designs in an afternoon and leave them up there waiting for people to buy. Continue reading >
The idea is to find a bunch of people involved, creating content through forums and articles, and then sell them all kinds of products and servicesrelated to their interests. Continue reading >
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The upfront work can involve a fair bit of programming, even should you use a good deal of template and existing off-the-shelf programs. Continue reading >
This is a popular passive income flow for many WordPress developers, especially of plugins, and it is also rather popular amongst bloggers who pump out lots of useful content for free (eg Steve Pavlina) not to mention a terrific lead generator for prospective premium merchandise sales.
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The notion rests on your merchandise adding a ton of value to users lives and you also systematically and nicely / in a fun way, asking for donations. Continue reading >
This is the craziest kind of passive income I can think about, because it essentially involves executing Michael Gerbers e-Myth idea 110 percent i.e. so much so, that you are no longer involved in the daily running of the business.
The ordinary blog is like the ordinary wardrobea complete fecking mess, with golden nuggets of wisdom spread through 100s of posts.
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Just how much more useful would it be to your reader if you created a unified manual Continue reading >
This is different to the imitation shop idea above, since here is not an online shop were building, but instead a content-rich site with tons of product-focused articles and videos , and matching Amazon affiliate links.
I.e. one idea is for an online shop and another for a blog/affiliate website of sorts. Continue reading >
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This is going to make millions for those that get it directly, but to be honest its not entirely passive.
The example that springs to mind with this idea, so I can really explain what Im talking about here, is Corbett Barrs Fizzle. Continue reading >
You give away a ton of the content at no cost, and then charge for the superior material or to find the most recent stuff. Continue reading >
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Well, because I am OCDing throughout the joint and want to produce this list uber finish to the point where we finish up with a fairly mediocre passive income idea. Continue reading >
But nowadays, there is so much opportunity if you search for brand-suitable domains and keyword-rich or popular names on the myriad of new domain name extensions like .io, .at etc.. And I need to know, because Ive paid several domain squatters a kings ransom to purchase these kinds of domain names in the past couple of decades! Continue reading .
Putting your campaign in upfront and collecting the returns forever after is the foundation of financial freedom.
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Passive income has long been the holy grail for entrepreneurs looking to free Resources up their time, untethering the cord of daily duties and responsibilities in the potential to generate healthy monthly revenues. While the importance of passive income isn't often doubted, the monumental hurdle often needed to accomplish a decent amount of cash flow from automatically-recurring revenue flows is often too good for many to bear. .
Clearly, it's difficult to generate passive income. It takes the upfront investment of a significant amount of our time, usually with little to no returns for extended intervals. We can go months and even years without a single dollar generated from passive income actions, making even the most astute entrepreneur shake their head in utter and utter frustration. .
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The truth of the matter is that time is far more valuable than money. While money can be spent and earned, time can only be spent once, then it has gone forever. As we age and grow old, we understand the importance of time and being able to freely choose what we do with those precious moments we do have in life. .