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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 have been running it a while, the sooner you get started thinking about how you're going to shift your business model to create more passive income, the sooner you can attain personal and financial freedom. .

There are two main kinds of passive income and a third type of income that, although not passive, nevertheless is a key strategy 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 produces a workbook and sells it in e-book arrangement on the Internet.A photographer who makes his photos available via a stock photography clearinghouse and gets paid a royalty whenever someone buys one of his images. .

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There are many different strategies to generate residual income across a huge array of businesses. It might be recurring income by the very same customers or the sales of a product to new clients. It could require no personal involvement whatsoever, like an e-book offered on a web site, or it can need some personal interaction, like the insurance agent calling the client to remind them regarding their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. For example, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch each Monday to the local school board has recurring income, but it comes in recurring work which restricts on your earning capacity based on your own personal production ability. .

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

An e-book writer selling her e-book great site through associates who promote the product.A network marketer that 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 off of other people's labour, rather than primarily your own. Note that leveraged income might or might not 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 need your immediate participation, your earning potential is a lot greater than if 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 cost, 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 conscious of the concept of passive income or residual income. Most probably, you have already been searching the Internet for the best passive residual income ideas.

You might have thought of 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 successful so far at creating a normal supply 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 good news is that this site gives you a few practical and well tried methods of generating passive residual income.

These notions have worked for many others and can work for you also. Choose one or two or more which suit your interest, experience and background. Once you've opted to work on these, then there should not be any looking back.

It's fairly possible if you're consistent and persistent then within a time period you will 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 great readership of routine since new readers can give access 2 more than one source of passive income.