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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 flows. Whether you're just starting your business, or you have been running it a while, the sooner you start thinking about how you're going to change your business design 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 an integral 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 customers when they reorder merchandise every month.An aerobics instructor who creates a video and sells it in the gyms where she's teaches.A marketing consultant who produces a workbook and sells it in e-book format on the Internet.A photographer who earns his photographs available through a stock photography clearinghouse and gets paid a royalty whenever someone buys one of his images. .

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There are many different ways to generate residual income over a wide variety of businesses. It might be recurring income from the very same clients or the sales of a product to new clients. It could require no personal involvement in any respect, like an e-book sold on a website, or it can require 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 the income. For instance, 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 from recurring work that restricts on your earning capacity based on your own personal production ability. .

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

An e-book author selling her e-book through associates that 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 job 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 immediate participation, but you can make more money by having more people involved. This generally involves a one-time event, for example:

Though these require your immediate participation, your earning potential is a lot 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 cost, promotional price, and staffing fees and 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 likely, you've been searching the Internet for the 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 create superior savings. Whatever is your goal or the reason but you have not been really very powerful so far at creating a regular source of passive income. The reason could be that you do not think it is true.

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Whatever is the actual reason in the background, the fantastic news is that this blog 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 too. Pick one or 2 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 this passive income amount exceeds your main income from your regular occupation or business.

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This is maybe one of the most recommended ways of earning a passive income. Having a blog which has great readership of routine as new readers can give access two more than one source of passive income.