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If you want to earn more, work less, and have a comfortable retirement, it's important to start creating passive income flows. 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 design to create more passive income, the sooner you can achieve personal and financial freedom. .

There are two basic types of passive income and a third sort 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 guide clients when they reorder product every month.An aerobics instructor who produces a video and sells it in the gym at which she's teaches.A marketing consultant who creates a workbook and sells it all in e-book format on the Internet.A photographer who makes 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 may be recurring income from the very same clients or the sales of a product to new customers. It could necessitate no personal involvement whatsoever, like 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 regarding their renewal.

Note that this is different from recurring income which may still need your involvement to earn your income. For example, a coach or consultant on a monthly retainer, or a secretary who delivers lunch each Monday into the local school board has recurring income, but it comes from recurring work which limits on your earning capacity based on your own personal production ability. .

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

An e-book author selling her e-book through affiliates that promote the product.A network marketer who 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 supreme 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 might or might not also be residual income. When you combine them, that is even better.

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

Though these great site require your immediate participation, your earning potential is much greater than when someone was paying you an immediate hourly rate. Fill a room with 1,000 people paying $50 each and you can pay for your facility price, 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 confident that you are aware of the concept of passive income or residual income. Most probably, you have been searching the Internet for the best passive residual income ideas.

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

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

These notions have worked for others and can work for you also. Pick one or 2 or more which suit your interest, experience and background. Once you have opted to work on these, then you certainly should not be any looking back.

It is quite possible if you are consistent and persistent then over a time period 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 methods of earning a passive income. Having a website that has good readership of regular since new readers can give access two more than one source of passive income.