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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 are just starting your business, or you've been running it a while, the sooner you start thinking about how you're going to change your business model to create more passive income, the sooner you can achieve personal and financial freedom. .

There are two basic types of passive income and also a third sort of income which, while not passive, still is a key 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 clients when they reorder merchandise every month.An aerobics instructor that creates a movie and sells it in the gym at which she teaches.A marketing consultant who creates a workbook and sells it in e-book arrangement on the Internet.A photographer who makes 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 strategies to generate residual income over a huge variety of businesses. It might be recurring income by the same customers or the sales of a product to new customers. It may necessitate no personal involvement in any respect, such as an e-book sold on a web site, or it can need some personal interaction, such as the insurance agent calling the customer to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. By way of example, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into the local school board has recurring income, but it comes from recurring work which restricts on your earning ability 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 include:

An e-book author 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 into 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 are 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 earn 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 much greater 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 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 confident that you are conscious of the concept of passive income or residual income. Most probably, you've been searching the Internet for best passive residual income thoughts.

You might 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 goal or the reason but you have not been really quite successful so far at creating a regular supply of passive income. The reason might be that you do not believe it's true.

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Whatever is the actual reason in the background, the fantastic news is that this site provides you a few practical and well tried methods of internet 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 them, then you certainly should not be any looking back.

It's quite possible if you're consistent and persistent then within a time period 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 perhaps one of the most recommended methods of earning a passive income. Having a website which has good readership of regular since new readers can provide access two more than one source of passive income.