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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 flows. Whether you're just starting your business, or you've been running it some time, 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 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 every year when a customer renews his policy.A network marketing or direct sales rep's income from her guide clients when they reorder merchandise every month.An aerobics instructor who produces a video and sells it at the gym at which she teaches.A marketing consultant who creates a workbook and sells it in e-book format 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 pictures. .

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There are many different strategies to generate residual income across a huge array of businesses. It might be recurring income from the same customers or the earnings of a product to new clients. It may require no personal involvement whatsoever, such as an e-book offered on a web site, or it can need some personal interaction, like the insurance agent calling the customer to remind them about their renewal.

Note that this is different from recurring income which may still require your involvement to earn the income. By way of instance, a coach 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 which limits on your earning capacity based on your own personal production capacity. .

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This frees the work of other people to create 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 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 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 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 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 pay for your facility cost, promotional price, and staffing fees and have a nice chunk of change left over. .

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If you're in the Internet business, then I am confident that 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 thoughts.

You might have thought of creating one or several streams of passive income to live a comfortable life or create superior savings. Whatever is your aim or the reason but you have not been really quite successful so far at read this post here creating a regular supply of passive income. The reason could be that you do not believe it is true. official statement

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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 too. Choose one or two or more which suit your interest, experience and background. Once you have opted to work on these, then there 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 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 good readership of regular since new readers can provide access two more than one source of passive income.