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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 flows. Whether you're just starting your business, or you've been running it a while, 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 attain personal and financial freedom. .

There are two basic types of passive income and also a third sort of income that, while not passive, nevertheless is a key strategy for earning more and working less.

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

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There are many different strategies to generate residual income across a wide variety of businesses. It might be recurring income by the same customers or the sales of a product to new customers. It may require no personal involvement in any respect, such as an e-book sold on a website, or it may require some personal interaction, like the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income which may still require your involvement to earn your 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 that restricts on your earning capacity based on your own personal production capacity. .

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This frees the work of different people to create income for you. A Few Examples of leveraged income include:

An e-book author selling her e-book through associates who 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 job done by subcontractors.Franchising your business model to 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 are making money from other people's labor, rather than mainly your own. Note that leveraged income may or may not also be residual income. When you combine them, that is even better.

This sort of income requires your direct participation, but you can make more money by having more people involved. This generally involves a one-time event, such as:

Although these need your immediate participation, your earning potential is a lot higher than when someone was paying you a direct hourly fee. Fill in a room with 1,000 people paying $50 each and you can cover your facility cost, promotional cost, and staffing prices and still have a nice chunk of change left over. .

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If you are in the Internet business, then I am confident you are conscious of the concept of passive income or residual income. Most probably, you've already 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 good savings. Whatever is the goal or the reason but you have not been really quite successful so far at creating a regular source of passive income. The reason might be that you do not think it is true.

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

These ideas have worked for many others and can work for you too. Pick one or 2 or more which match your interest, experience and background. Once you navigate to this site have opted to work on these, then you certainly should not 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 occupation or business.

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This is perhaps one of the most recommended ways of earning a passive income. Having a website that has good readership of routine as new readers can give access two more than one source of passive income.