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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 streams. Whether you are just starting your business, or you've been running it a while, 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 achieve personal and financial freedom. .

There are two main kinds of passive income and a third type of income which, while not passive, still is an integral approach for earning more and working less.

An insurance agent who receives a commission annually when a client 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 movie and sells it at the gyms where she teaches.A marketing consultant who produces a workbook and sells it in e-book arrangement 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 pictures. .

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

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

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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 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 into other entrepreneurs (the ultimate leveraged income). .

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Again, there are many different versions in many different businesses. The key is that you're making money from other people's labor, rather than mainly your own. Note that leveraged income might or might not be residual income. When you combine them, that's 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 Click Here as:

Although these need your immediate 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 people paying $50 each and you can cover your facility price, promotional price, and staffing prices and still have a nice chunk of change left over. .

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If you're 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 already been searching the Internet for the best passive residual income thoughts.

You may have thought of creating one or several streams of passive income to live content 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 might be that you do not believe it is click this true.

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

These notions have worked for others and can work for you also. Choose one or 2 or more which suit your interest, experience and background. Once you've decided to work on these, 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 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 ways of earning a passive income. Having a blog that has great readership of regular since new readers can provide access 2 more than one source of passive income.