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Oh no! There are so many horror stories of individuals investing in their mates pub or bar or anything, that the idea 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 serious work, but can pay off big time. Its important to think outside the box with this thought and recognize that any niche can work nicely. Continue reading >
Sites like Cafepress make it super simple to publish designs, which means just like using the stock photography idea previously, you can pump a ton of designs in an afternoon and leave them up there waiting for people to buy. Continue reading >
The concept is to get 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 >
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The upfront work can involve a reasonable bit of programming, even if you do use a lot of template and existing off-the-shelf applications. Continue reading >
This is a favorite passive income flow for many WordPress developers, especially of plugins, and is also rather popular amongst bloggers who pump out plenty of helpful content for free (eg Steve Pavlina) not to mention a terrific lead generator for prospective premium product sales.
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The idea rests on your product adding a ton of value to customers lives and you also systematically and nicely / in a fun manner, asking for donations. Continue reading >
This is the most bizarre kind of passive income I can think of, as it essentially involves executing Michael Gerbers e-Myth idea 110%i.e. so much so, that you are no longer involved in the daily running of the business.
The average blog is like the average wardrobea complete fecking mess, with gold nuggets of wisdom spread through 100s of posts.
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Just how much more useful is to your reader if you created a unified manual Continue reading >
This is different to the imitation store idea above, since here its not an online store were building, but rather a content-rich website with tons of product-focused posts and videos , and matching Amazon affiliate links.
I.e. one idea is for an online shop and another for a blog/affiliate site of sorts. Continue reading >
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This is going to make millions for the ones that get it directly, but to be honest its not entirely passive.
The example that springs to mind with this thought, so that I can really explain what Im talking about here, is Corbett Barrs Fizzle. Continue reading >
You give away a ton of this content at no cost, and then charge for the premium 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 make this listing uber complete to the point where we finish up with a pretty mediocre passive income thought. Continue reading >
But nowadays, there is so much opportunity if you hunt 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 buy these kinds of domain names in the last couple of years! 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 up their time, untethering the cord of daily duties and responsibilities in the potential to click now generate healthy monthly revenues. While the importance of passive income isn't often doubted, the monumental hurdle often required to accomplish a respectable amount of money flow from automatically-recurring revenue streams is often too good for many to endure. .
Clearly, it is difficult to generate passive income. It requires that the upfront investment of a significant amount of our time, normally with little to no returns for extended periods. 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 sheer and utter frustration. .
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The fact of the matter is that time is a lot more precious 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 the time and being able to freely choose what we do with those precious moments we do have in life. .