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Oh no! There are so many horror stories of individuals investing in their mates pub or bar or anything, that the thought sends shivers up my spine. Continue reading >
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Before we jump in, a reasonable 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 recognize that any niche can work nicely. Continue reading >
Sites like Cafepress make it super simple to publish designs, which means just like using the stock photography thought 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 find a bunch of people involved, creating content through forums and articles, and then sell them all kinds of products 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 lot of template and existing off-the-shelf applications. Continue reading >
This is a popular passive income flow for many WordPress developers, especially of plugins, and it is also rather 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 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 manner, asking for donations. Continue reading >
This is the craziest kind of passive income I can think about, as it essentially 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 mess, with golden nuggets of wisdom spread throughout 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 store 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 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 right, but to be honest its not entirely passive.
The case that springs to mind for this thought, so that I can explain what Im talking about this, is Corbett Barrs Fizzle. Continue reading >
You give away a ton of this content for free, and then charge for the premium material or for the most recent stuff. Continue reading >
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Well, because I'm OCDing all over the joint and want to make this list uber complete to the point where we finish up with a fairly mediocre passive income idea. 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 myriad of new domain name extensions such as .io, .at etc.. And I should know, because Ive paid several domain squatters a kings ransom to purchase these kinds of domain names in the last few years! 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 revenues. Though the importance of passive income isn't often doubted, the monumental hurdle often required to achieve a respectable amount of cash flow from automatically-recurring revenue streams is often too great for many to endure. .
Clearly, it is hard to generate passive income. It requires the upfront investment of a significant amount of our time, usually with little to no returns for extended 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 utter and why not try here utter frustration. .
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The fact 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 those precious moments that we do have in everyday life. .