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If you want to earn more, work less, and have a comfortable retirement, it is important to start creating passive income flows. Whether you're just starting your business, or you've been running it a while, the sooner you start 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 main kinds of passive income and also a third type of income which, while not passive, still is a key approach for earning more and working less.

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

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There are many different strategies to generate residual income across a huge variety of businesses. It might be recurring income from the very same customers or the earnings of a product to new clients. It could require no personal involvement in any respect, like an e-book offered on a web site, or it can 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 need your involvement to earn your income. By way of instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch each Monday into the local school board has recurring income, however it comes from recurring work that limits on your earning capacity based on your own personal production ability. .

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This leverages the work of different people to create 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 assembles a downline and receives commissions on the sales Resources 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 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 you can earn more money by having more people involved. This generally involves a one-time event, for example:

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

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If you're in the Internet business, then I am confident that 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 ideas.

You may have thought of creating one or a number of streams of passive income to live a comfortable my company life or make superior savings. Whatever is your goal or the reason but you have not been really quite powerful so far at creating a regular supply of passive income. The reason could be that you do not think it is 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 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 suit your interest, experience and background. Once you have decided to work on these, then there should not be any looking back.

It is quite possible if you are consistent and persistent then within a period of time you may build a substantial residual income. Dont be surprised is that this passive income amount exceeds your main income from your regular job or business.

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This is perhaps one of the most recommended ways of earning a passive income. Having a blog that has good readership of routine since new readers can give access 2 more than one source of passive income.