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

There are two basic types of passive income and also a third type of income which, although not passive, nevertheless is an integral strategy for earning more and working less.

An insurance agent who gets a commission every year when a client renews his policy.A network marketing or direct sales rep's income from her direct customers when they reorder product every month.An aerobics instructor who creates a movie and sells it in the gym at which she teaches.A marketing consultant who produces a workbook and sells it in e-book format on the Internet.A photographer who earns his photographs available through a stock photography clearinghouse and has paid a royalty whenever someone buys one of his images. .

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There are many different strategies to generate residual income over a wide variety of businesses. It might be recurring income by the same customers or the earnings of a product to new customers. It could require no personal involvement in any respect, such as an e-book offered on a web site, or it can need some personal interaction, such as the insurance agent calling the client to remind them regarding their renewal.

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

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This frees the work of other folks to make income for you. Some examples of leveraged income include:

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

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

This type of income requires your direct participation, but i was reading this you can earn more money by having more people involved. This generally involves a one-time event, such as:

Though these require your direct participation, your earning potential is a lot higher than if someone was just paying you a direct hourly rate. Fill in a room with 1,000 individuals paying $50 each and you can cover your facility cost, promotional cost, and staffing prices and have a nice chunk of change left over. .

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If you are in the Internet business, then I am sure that you are conscious of the concept of passive income or residual income. Most probably, you've been searching the Internet for best passive residual income ideas.

You might have thought about creating one or a number of 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 regular supply of passive income. The reason might be that you do not think it's true.

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Whatever is the real reason in the read this article background, the fantastic news is that this site gives you a few practical and well tried ways of generating passive residual income.

These ideas have worked for many others and can work for you also. click for info Choose one or 2 or more which suit your interest, experience and background. Once you've decided to work on them, then you certainly should not be any looking back.

It is fairly possible if you're consistent and persistent then over a time period 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 methods of earning a passive income. Having a blog which has good readership of regular as new subscribers can provide access 2 more than one source of passive income.