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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 get started 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 a third sort of income that, while not passive, still is an integral strategy for earning more and working less.

An insurance agent who receives a commission annually 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 who creates a movie and sells it at the gyms where she's teaches.A marketing consultant who creates a workbook and sells it all in e-book format on the Internet.A photographer who earns his photos available through a stock photography clearinghouse and has paid a royalty whenever someone buys one of his pictures. .

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

Note that this is different from recurring income which may still need your involvement to earn your income. By way of instance, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into the local school board has recurring income, however it comes in recurring work which limits on your earning ability based on your own personal production ability. .

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This frees the work of different folks to make 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 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 supreme leveraged income). .

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Again, there are many different models in many different businesses. The key is go to this website that you are making money off of other people's labour, rather than primarily your own. Note that leveraged income may or may not 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, such as:

Though these need your direct participation, your earning potential is much higher than if someone was paying you a direct hourly rate. Fill in a room with 1,000 people paying $50 each and you can cover your facility price, promotional cost, and staffing fees 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 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 life or create superior savings. Whatever is your goal or the reason but you have not been really quite successful 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 blog 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 too. Choose one or 2 or more which match your interest, experience and background. Once you have opted to work on these, then you certainly should not be any looking back.

It's 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 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 regular as new readers can give access two more than one source of passive income.