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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 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 attain personal and financial freedom. .

There are two basic types of passive income and a third type of income that, although not passive, still is an integral approach for earning more and working less.

An insurance agent who gets a commission every year when a client 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 who produces a movie and sells it at the gym at which she's teaches.A marketing consultant who creates a workbook and sells it all in e-book arrangement on the Internet.A photographer who earns his photos available through a stock photography clearinghouse and has paid a royalty whenever someone purchases one of his images. .

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There are many different strategies to generate residual income over a wide variety of businesses. It may be recurring income by the same clients or the sales of a product to new customers. It could require no personal involvement whatsoever, like an e-book sold on a web site, or it can require some personal interaction, like the insurance agent calling the customer to remind them regarding their renewal.

Note that this is different from recurring income which may still require your involvement to earn your income. For 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 from recurring work which limits on your earning capacity 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 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 to 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 labour, rather than mainly 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 make more money by having more people involved. This generally involves a one-time event, for example:

Although these need your direct participation, your earning potential is a lot higher than when someone was just paying you an immediate hourly rate. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility price, promotional price, and staffing prices and have a nice chunk of change left over. .

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If you are in the Internet business, then I am sure that 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 thoughts.

You may have thought about creating one or a number of streams of passive income to live a comfortable life or make good savings. Whatever is your aim or the reason but you have not been really quite powerful so far at creating a regular source of passive income. The reason could be that you do not think it's true.

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Whatever is the real reason in the background, the fantastic news is that this site gives 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. Find Out More Pick one or two or more which match your interest, experience and background. Once you have opted to work on them, then there should not be any looking back.

It is fairly possible if you are consistent and persistent then within 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 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 regular as new readers can give access web link 2 more than one source of passive income.