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Oh no! There are many horror stories of individuals investing in their mates pub or bar or whatever, the thought sends shivers up my spine. Continue reading >
Deal sites nearly feel antiquated nowadays. But individuals are still using them, albeit in less volume.
Before we jump in, a fair word of warning this is gonna take some serious work, but can pay off big time. Its important to think outside the box with this idea and realize that any niche can get the job done nicely. Continue reading >
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Sites like Cafepress make it super easy to publish designs, which means exactly like with the stock photography idea previously, you can pump out a ton of designs in an afternoon and leave them up there waiting for people to buy. Continue reading >
The concept is to find a bunch of people involved, creating content through forums and posts, and then sell them all kinds of merchandise and servicesrelated to their interests. Continue reading >
The upfront work can involve a reasonable bit of programming, even should you use a good deal of template and existing off-the-shelf applications. Continue reading >
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This is a favorite passive income stream for many WordPress developers, especially of plugins, and is also rather popular amongst bloggers that pump out lots of useful content for free (eg Steve Pavlina) not to mention a fantastic lead generator for future premium merchandise sales.
Here is the most bizarre kind of passive income I can think of, because it basically involves executing Michael Gerbers e-Myth thought 110%i.e. so much so, that you are no longer involved in the daily running of the business.
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The ordinary blog is like the average wardrobea complete fecking mess, with golden nuggets of knowledge spread throughout 100s of articles.
How much more useful would it be to your reader in the Event You created a unified guide Continue reading >
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This is different to the fake shop thought above, because here its not an online shop were building, but rather a content-rich website with tons of product-focused articles and videos etc, and matching Amazon affiliate links.
I.e. one thought is to get an online shop and the other for a blog/affiliate site of sorts. Continue reading >
This really is going to create millions for those that get it right, but to be honest its not entirely passive.
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The example that springs to mind for this thought, so I can explain what Im talking about here, is Corbett Barrs Fizzle. Continue reading >
You give away a ton of the content for free, and then charge for the superior stuff or for the most recent stuff. Continue reading >
Well, because I'm OCDing throughout the joint and want to make this list uber complete to the point where we finish up with a pretty mediocre passive income thought. Continue reading >
But nowadays, there's so much opportunity if you hunt for brand-suitable domains and keyword-rich or otherwise popular names on the myriad of new domain name extensions such as .io, .at etc.. And I need to know, because Ive paid several domain squatters a kings ransom to buy these sorts of domain names in the past couple of years! Continue reading .
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A few of the links in this post might be from our sponsors. Policy PageThey state that the average millionaire has seven different streams of income. Note: This doesnt mean they have seven occupations. Most millionaires have figured out that the passive income game.By the time youre finished reading this, youll be flush with suggestions on how best to start earning residual income for yourself.According to Readers Digest, over 50 percent of Americans are immediately plagued by thoughts of work the original source and money as soon as they open their eyes in the morning.Even though earning passive income in addition to your day job wont resolve all of your lifes issues, its a fantastic place to get started.
Get Cash Back for Shopping You Do2. Set Your Car to Work for You3. Open a high-yield savings account4. Rent a room in your house5. Invest in crowdfunded real estate6. Purchase your first investment property7. Invest in dividend paying stocks8. Peer-to-Peer Lending9. Start investing with a robo-advisor10. Affiliate marketing11.
Start a YouTube Channel13. Make and sell an online course14. Construct an e-commerce site15. Sell Your Pictures OnlineHow to Pick the Best Passive Income Stream for YouWhat is Passive IncomeAt its simplest definition, passive income, also known as residual income, is money you earn while you're not working. You might be sleeping, on the beach drinking margaritas, or simply relaxing.