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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 streams. Whether you're just starting your business, or you have been running it some time, the sooner you start thinking about how you are going to change your business design 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, while not passive, nevertheless is an integral approach for earning more and working less.

An insurance agent who gets 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 merchandise every month.An aerobics instructor who produces a movie and sells it in the gym at which she's teaches.A marketing consultant who creates a workbook and sells it in e-book format on the Internet.A photographer who makes his photos available through a stock photography clearinghouse and has paid a royalty whenever someone purchases one of his pictures. .

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There are many different ways to generate residual income over a wide array of businesses. It may be recurring income from the very same customers or the earnings of a product to new customers. It could require no personal involvement whatsoever, such as an e-book offered on a website, or it can need 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 which may still require your involvement to earn the income. For example, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch every Monday into the local school board has recurring income, however it comes in recurring work which restricts on your earning ability based on your own personal production ability. .

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

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

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Again, there are many different models 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 may or may not also be residual income. When you combine them, that is even better.

This type 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:

Although these need your direct participation, your earning potential is a lot higher than when someone was paying you an immediate hourly fee. Fill a room with 1,000 individuals 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 official site I am sure you are aware of the concept of passive income or residual income. Most likely, you have been searching the Internet for best passive residual income ideas.

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

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Whatever is the actual reason in the 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 others and can work for you also. Pick one or two or more which match your interest, experience and background. Once you have opted to work on them, then you certainly should not be any looking back.

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

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