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Oh no! There are so many horror stories of individuals investing in their mates bar or bar or whatever, 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 serious 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 >
Sites like Cafepress make it super simple to submit designs, which means exactly like with the stock photography idea above, 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 reasonable bit of programming, even if you do use a good deal of template and existing off-the-shelf programs. Continue reading >
This is a popular passive income stream for lots of WordPress developers, particularly of plugins, and is also quite popular amongst bloggers that pump out plenty of useful content for free (eg Steve Pavlina) not to mention a great lead generator for future premium product sales.
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The idea 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 >
Here is the most bizarre kind of passive income I can think of, because it basically involves executing Michael Gerbers e-Myth idea 110 percent 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 jumble, with gold nuggets of knowledge spread throughout 100s of posts.
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Just how much more useful would it be to your reader if you created a unified guide Continue reading >
This 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 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 those that get it directly, but to be honest its not entirely passive.
The case that springs to mind with this idea, so that 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 superior material or to find the most recent stuff. Continue reading >
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Well, because I'm OCDing throughout the joint and want to make this list uber finish to the point where we finish up with a pretty mediocre passive income idea. Continue reading >
But nowadays, there is so much opportunity in case you search for brand-suitable domains and also keyword-rich or popular names on the multitude of new domain name extensions such as .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 years! Continue reading .
Putting your campaign in news 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 needed to achieve a decent amount of money flow from automatically-recurring revenue streams is often too great for many to endure. .
Clearly, it's difficult to generate passive income. It takes the upfront investment of a significant amount of the time, usually with little to no returns for extended intervals. 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 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 these precious moments we do have in everyday life. .