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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 serious job, but can pay off big time. Its important to think beyond the box with this idea and realize that any niche can work nicely. Continue reading >
Sites like Cafepress make it super easy to publish designs, which means just like using 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 idea is to get 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 job can involve a fair 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 flow for lots of WordPress developers, especially of plugins, and is also quite popular amongst bloggers who pump out plenty of useful content for free (eg Steve Pavlina) not to mention a great lead generator for future premium merchandise sales.
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The idea rests on your merchandise adding a ton of value to customers lives and you also systematically and nicely / in a fun way, asking for donations. Continue reading >
Here is the craziest kind of passive income I can think of, as it essentially involves executing Michael Gerbers e-Myth thought 110%i.e. so much so, that you are no longer involved in the daily running of the business.
The ordinary blog is like the ordinary 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 guide Continue reading >
This is different to the fake shop idea above, since here its not an online store were building, but instead a content-rich site with tons of product-focused posts and videos etc, and matching Amazon affiliate links.
I.e. one thought is for an online store and another for a blog/affiliate website of sorts. Continue reading >
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This really is going to create millions for the ones that get it directly, but to be honest its not entirely passive.
The example that springs to mind for this thought, so I can really explain what Im talking about this, is Corbett Barrs Fizzle. Continue reading >
You give away a ton of the content at no cost, and then charge for the premium material or to find the latest stuff. Continue reading >
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Well, because I am OCDing all over the joint and want to make this list uber complete to the point where we finish up with a pretty mediocre passive income idea. Continue reading >
But nowadays, there's so much opportunity in case you search for brand-suitable domains and keyword-rich or otherwise popular names on the multitude 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 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 in the potential to generate healthy monthly revenues. While the importance of passive income isn't often doubted, the monumental hurdle often required official source to achieve a decent amount of cash flow from automatically-recurring revenue flows 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 our time, normally with little to no returns for extended intervals. 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 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 the time and being able to freely choose what we do with these precious moments we do have in life. .