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Oh no! There are so many horror stories of people investing in their mates bar or bar or whatever, that the thought sends shivers up my spine. Continue reading >
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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 beyond the box with this thought and realize that any niche can get the job done nicely. Continue reading >
Sites like Cafepress make it super simple to submit designs, which means just like using the stock photography thought above, you can pump a ton of designs in an afternoon and leave them up there waiting for people to purchase. 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 if you do use a good deal of template and existing off-the-shelf applications. Continue reading >
This is a favorite passive income stream for lots of WordPress developers, particularly of plugins, and it is also quite popular amongst bloggers who pump out plenty of helpful content for free (eg Steve Pavlina) not to mention a great lead generator for prospective premium merchandise sales.
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The notion rests on your own merchandise adding a ton of value to users lives and you also systematically and nicely / in a fun way, asking for donations. Continue reading >
Here is the craziest kind of passive income I can think about, as it basically involves executing Michael Gerbers e-Myth thought 110 percent i.e. so much so, that you are no longer involved in the daily running of the business.
The ordinary blog is similar to the ordinary wardrobea complete fecking mess, with golden nuggets of wisdom spread throughout 100s of posts.
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Just how much more useful is to your reader in the Event That You created a unified manual Continue reading >
That is different to the fake store idea above, because here is not an online shop were building, but instead a content-rich site with tons of product-focused articles and videos etc, and matching Amazon affiliate links.
I.e. one thought is to get an online store and the other for a blog/affiliate site of sorts. Continue reading >
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This really is going to make millions for the ones that get it directly, but to be honest its not entirely passive.
The case that springs to mind with this idea, so I can explain what Im talking about here, is Corbett Barrs Fizzle. Continue reading >
You give away a ton of this content for free, and then charge for the superior stuff or to find the latest stuff. Continue reading >
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Well, because I'm OCDing all over the joint and want to make this list uber complete to the point where we finish up with a fairly mediocre passive income idea. Continue reading >
But nowadays, there's so much opportunity in case you hunt for brand-suitable domains and keyword-rich or popular names on the multitude of new domain name extensions like .io, .at etc.. And I should know, because Ive paid several domain squatters a kings ransom to buy these sorts of domain names in the last couple of decades! Continue reading .
Putting your campaign in upfront and imp source collecting the returns forever after is the foundation of my blog financial freedom.
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Passive income has long been the holy grail for entrepreneurs looking to free up their time, untethering the string of daily duties and responsibilities from the potential to generate healthy monthly revenues. While the importance of passive income isn't often doubted, the monumental hurdle often required to accomplish a decent amount of money flow from automatically-recurring revenue flows is often too good for most to bear. .
Clearly, it's hard to generate passive income. It requires the upfront investment of a significant amount of our time, usually with little to index no returns for extended periods. We can go months and even years without a single buck 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 a lot more valuable than money. While money can be spent and earned, time can only be spent once, then it's gone forever. As we age and grow older, we understand the importance of time and being able to freely choose what we do with these precious moments we do have in life. .