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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 significant job, but can pay off big time. Its important to think outside the box with this idea and recognize that any niche can get the job done well. Continue reading >
Sites like Cafepress make it super easy 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 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 merchandise 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 flow for lots of WordPress developers, especially of plugins, and it is also quite popular amongst bloggers who pump out plenty of helpful 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 merchandise adding a ton of value to users 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 idea 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 throughout 100s of articles.
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How much more useful is to your reader if you created a unified guide Continue reading >
That is different to the fake shop thought above, because here is not an online shop were building, but rather 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 the other for a blog/affiliate website 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 example that springs to mind with this thought, so that 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 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 listing 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 search for brand-suitable domains and also keyword-rich or this link 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 couple of 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 string of daily duties and responsibilities from 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 money flow from website link automatically-recurring revenue streams is often too good for most to endure. .
Certainly, it's difficult to generate passive income. It requires that the upfront investment of a significant amount of our time, usually with little to no returns for extended periods. We can go months and even years without a single dollar produced from passive income activities, making even the most astute entrepreneur shake their Your Domain Name head in sheer and 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 older, we understand the importance of the time and being able to freely choose what we do with those precious moments that we do have in everyday life. .