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If you want to earn more, work less, and have a comfortable retirement, it's important to begin creating passive income flows. Whether you are just starting your business, or you've been running it some time, the sooner you start thinking about how you're going to shift your business model to create more passive income, the sooner you can achieve personal and financial freedom. .

There are two main kinds of passive income and also a third sort of income which, although not passive, still is an integral approach for earning more and working less.

An insurance agent who gets a commission annually when a customer renews his policy.A network marketing or direct sales rep's income from her guide clients when they reorder merchandise every month.An aerobics instructor who creates a video and sells it at the gyms where she's teaches.A marketing consultant who produces a workbook and sells it all in e-book arrangement on the Internet.A photographer who earns his photographs available via a stock photography clearinghouse and gets paid a royalty whenever someone purchases one of his images. .

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There are many different ways to generate residual income over a wide variety of businesses. It may be recurring income by the very same customers or the sales of a product to new customers. It may require no personal involvement whatsoever, such as an e-book sold on a website, or it may require some personal interaction, such as the insurance agent calling the customer to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn the income. By way of example, a coach or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into the local school board has recurring income, but it comes in recurring work which restricts on your earning ability based on your own personal production capacity. .

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This leverages the work of other folks to create income for you. A Few Examples of leveraged income include:

An e-book writer selling her e-book through associates that promote the product.A network marketer that assembles a downline and receives commissions on the sales made by people in his downline.A general contractor who makes a profit margin on the work done by subcontractors.Franchising your business model to other entrepreneurs (the ultimate leveraged income). .

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Again, there are many different versions in many different businesses. The key is that you are making money off of other people's labor, rather than primarily your own. Note that leveraged income may or may not also be residual income. When you combine them, that's even better.

This sort of income requires your immediate participation, but you can earn more money by having more people involved. This generally involves a one-time event, for example:

Though these require your direct participation, your earning potential is much greater than when someone was just paying you a direct hourly rate. Fill a room with 1,000 people paying $50 each and you can cover your facility cost, promotional cost, and staffing fees and still have a nice chunk of change left over. .

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If you're in the Internet business, then I am sure you are aware of the concept of passive income or residual income. Most likely, you've been searching the Internet for the best passive residual income thoughts.

You may have thought about creating one or several streams of passive income to live a comfortable life or make superior savings. Whatever is the goal or the reason but you have not been really quite successful so far at creating a normal source of passive income. The reason might be that you do not believe it's true.

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Whatever is the actual reason in the background, the good news is that this site gives you a few practical and well tried methods of generating passive residual income.

These ideas have worked for others and can work for you too. Choose one or 2 or more which suit your interest, experience and background. Once you page have opted to work on these, then there should not moved here be any looking back.

It's fairly possible if you're consistent and persistent then within a period of time you will build a substantial residual income. Dont be surprised is this passive income amount exceeds your main income from your regular job or business.

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This is maybe one of the most recommended ways of earning a passive income. Having a website which has good readership of regular as new subscribers can give access two more than one source of passive income.