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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 streams. Whether you're just starting your business, or you've been running it some time, 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, while not passive, nevertheless is a key 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 guide customers when they reorder product every month.An aerobics instructor who creates a video and sells it at the gyms where she teaches.A marketing consultant who creates a workbook and sells it in e-book format on the Internet.A photographer who earns his photos available via a stock photography clearinghouse and gets paid a royalty whenever someone purchases one of his images. .

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There are many different ways to generate residual income over a wide array of businesses. It may be recurring income by the very same customers or the sales of a product to new clients. It may require no personal involvement whatsoever, such as an e-book sold on a web site, or it may require 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 the income. By way of instance, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch every Monday into the local school board has recurring income, but it comes from recurring work that restricts on your earning ability based on your own personal production capacity. .

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This frees the work of different folks to create income for you. Some examples of click resources leveraged income include:

An e-book writer selling her e-book through affiliates 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 work done by subcontractors.Franchising your business model into other entrepreneurs (the ultimate leveraged income). .

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Again, there are many different models in many different businesses. The key is that you're making money off of other people's labor, rather than mainly your own. Note that leveraged income may or may not also 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, such as:

Although these need your immediate participation, your earning potential is much higher than when someone was paying you a direct hourly fee. Fill in a room with 1,000 people paying $50 each and you can cover your facility price, 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 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 successful so far at creating a normal source of passive income. The reason might be that you do not think it is 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 for generating passive residual income.

These ideas have worked for many others and can work for you also. Choose one or two or more which match your interest, experience and background. Once you have decided to work on these, then you certainly should not be any looking back.

It is quite possible if you're consistent and persistent then within a period of time you may build a substantial residual income. Dont be surprised is that this passive income amount exceeds your main income from your regular occupation or business.

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This is perhaps one of the most recommended methods of earning a passive income. Having a blog which has great readership of routine since new subscribers can give access 2 more than one source of passive income.