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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 are just starting your business, or you have been running it a while, the sooner you get started 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 that, although not passive, nevertheless is a key approach for earning more and working less.

An insurance agent who gets a commission annually when a customer renews his policy.A network marketing or direct sales rep's income from her direct customers when they reorder product every month.An aerobics instructor that creates a movie and sells it at the gym at which she's teaches.A marketing consultant who produces a workbook and sells it in e-book arrangement on the Internet.A photographer who makes his photographs 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 wide array of businesses. It may be recurring income from the same customers or the earnings of a product to new clients. It may require no personal involvement in any respect, such as an e-book sold on a website, or it may need some personal interaction, like the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. For example, a coach or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into 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 of different people 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 builds 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 sort of income requires your direct 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 a lot higher than if someone was paying you an immediate hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can cover your facility cost, promotional price, 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 you are aware of the concept of passive income or residual income. Most probably, you've 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 good 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 believe it's true.

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Whatever is the actual reason in the background, the good news is that this site provides you a few practical and well tried methods of generating passive residual income.

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

It is fairly possible if you're consistent and persistent then over a period of time 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 ways of earning a passive income. Having a website that has great readership of routine as new subscribers can provide access 2 more than one source of passive income.