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Oh no! There are so many horror stories of individuals investing in their mates bar or bar or anything, that the idea 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 work, but can pay off big time. Its important to think outside the box with this idea and realize that any niche can work well. Continue reading >
Websites like Cafepress make it super simple to submit designs, which means exactly like with 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 find a bunch of people involved, creating content through forums and posts, and then sell them all kinds of products and servicesrelated for 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 programs. Continue reading >
This is a popular passive income flow for many WordPress developers, especially of plugins, and is also rather popular amongst bloggers that pump out plenty of useful content for free (eg Steve Pavlina) not to mention a terrific lead generator for future premium product sales.
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The notion rests on your own merchandise adding a ton of value to users lives and you systematically and nicely / in a fun manner, asking for donations. Continue reading >
This is the most bizarre kind of passive income I can think about, because it essentially involves executing Michael Gerbers e-Myth thought 110%i.e. so much so, that you're no longer involved in the daily running of the business.
The ordinary blog is like the average wardrobea complete fecking mess, with golden nuggets of knowledge 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 fake store idea above, because here is not an online store were building, but instead a content-rich website with tons of product-focused posts and videos , and matching Amazon affiliate links.
I.e. one idea is to get an online store and the other for a blog/affiliate site of sorts. Continue reading >
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This is going to create millions for those that get it directly, but to be honest its not entirely passive.
The case 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 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 finish to the point where we finish up with a pretty mediocre passive income idea. Continue reading >
But nowadays, there's so much opportunity if you hunt for brand-suitable domains and keyword-rich or popular names on the myriad of new domain name extensions such as .io, .at etc.. And I should know, since Ive paid several domain squatters a kings ransom to buy these sorts 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 cord 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 needed to achieve a decent amount of money flow from automatically-recurring revenue streams is often too great for many to bear. .
Certainly, it's hard to generate passive income. It requires that the upfront investment of a significant amount of the time, usually with minimal to no returns for extended intervals. We can go months and even years without a single dollar 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 has gone forever. As we age and grow older, click resources we understand the importance of time and being able to freely choose what we do with these precious moments that we do have in life. .