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Oh no! There are so many horror stories of individuals investing in their mates pub or bar or whatever, 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 significant job, 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 >
Sites like Cafepress make it super easy to submit designs, which means just like with 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 merchandise 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 applications. Continue reading >
This is a favorite passive income flow for lots of WordPress developers, especially of plugins, and is also quite 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 idea rests on your product adding a ton of value to customers lives and you systematically and nicely / in a fun way, asking for donations. Continue reading >
Here is the most bizarre kind of passive income I can think of, as it essentially 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 average wardrobea complete fecking mess, with golden nuggets of knowledge spread through 100s of articles.
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How much more useful would it be to your reader if you created a unified guide Continue reading >
This is different to the fake shop thought above, because here is not an online store 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 website of sorts. Continue reading >
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This really is going to make millions for the ones that get it right, but to be honest its not entirely passive.
The example that springs to mind with this idea, so that I can 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 superior stuff or to find the latest stuff. Continue reading >
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Well, because I am OCDing all over the joint and want to produce this list uber complete to the point where we finish up with a fairly mediocre passive income thought. Continue reading >
But nowadays, there is so much opportunity if you search for brand-suitable domains and keyword-rich or popular names on the multitude 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 kinds of domain names in the past few decades! Continue reading .
Putting your effort 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 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 cash flow from automatically-recurring revenue flows is often too good for most to endure. .
Certainly, it's hard to generate passive income. It requires the upfront investment of a significant amount of have a peek here the time, usually with little to no returns for extended see intervals. We can go months and even years without a single buck produced from passive income activities, 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'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 those precious moments that we do have in everyday life. .