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Oh no! There are many horror stories of people 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 work, but can pay off big time. Its important to think beyond the box with this idea and recognize that any niche can work nicely. Continue reading >
Websites like Cafepress make it super simple to submit designs, which means exactly like with the stock photography idea previously, you can pump a ton of designs in an afternoon and leave them up there waiting for people to buy. 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 merchandise and servicesrelated for their interests. Continue reading >
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The upfront work can involve a reasonable bit of programming, even if you do use a lot of template and existing off-the-shelf programs. Continue reading >
This is a popular passive income stream for many WordPress developers, particularly of plugins, and it is also quite popular amongst bloggers that 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 idea rests on your own product 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 average blog is similar to the ordinary wardrobea complete fecking mess, with golden nuggets of wisdom 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 shop 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 the other for a blog/affiliate site of sorts. Continue reading >
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This is going to make millions for the ones that get it right, but to be honest its not entirely passive.
The example that springs to mind with this idea, 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 superior stuff or to find the most recent stuff. Continue reading >
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Well, because I am OCDing throughout the joint and want to make this listing uber finish to the point where we finish up with a fairly mediocre passive income idea. Continue reading >
But nowadays, there's so much opportunity if you hunt for brand-suitable domains and keyword-rich or 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 buy 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 cord 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 needed to accomplish a respectable amount blog here of money flow from automatically-recurring revenue flows is often too great for most to endure. .
Clearly, it's difficult to generate passive income. It requires that 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 buck produced from passive income activities, 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 far 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 this content what we do with these precious moments we do have in life. .