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Oh no! There are so many horror stories of people investing in their mates pub 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 well. Continue reading >
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 purchase. Continue reading >
The concept is to get a bunch of people involved, creating content through forums and articles, and then sell them all kinds of products and servicesrelated for their interests. Continue reading >
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The upfront job can involve a fair bit of programming, even if you do use a lot of template and existing off-the-shelf applications. Continue reading >
This is a popular passive income stream for many WordPress developers, especially of plugins, and is also rather popular amongst bloggers who pump out lots of helpful content for free (eg Steve Pavlina) not to mention a terrific lead generator for future premium merchandise sales.
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The idea rests on your own 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 about, as it essentially involves executing Michael Gerbers e-Myth idea 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 gold 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 imitation shop thought above, since here is not an online store 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 idea is for an online shop and the other for a blog/affiliate website of sorts. Continue reading >
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This really is going to create millions for those that get it right, but to be honest its not entirely passive.
The case that springs to mind for this thought, so I can really 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 premium stuff or for the most recent stuff. Continue reading >
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Well, because I'm OCDing throughout the joint and want to produce this list 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 in case you hunt for brand-suitable domains and also keyword-rich or otherwise 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 kinds of domain names in the past few decades! Continue reading .
Putting your effort in upfront and collecting the returns indefinitely 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 in the potential to generate healthy monthly click to find out more revenues. While the importance of passive income isn't often doubted, the monumental hurdle often needed to accomplish a respectable amount of money flow from automatically-recurring revenue streams is often too good for many to endure. .
Clearly, it's hard to generate passive income. It requires the upfront investment of a significant amount of the 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 activities, 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 has gone forever. As we age and grow old, we understand the importance of time and being able to freely choose what we do with these precious moments we do have in everyday life. .