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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're just starting your business, or you've been running it a while, the sooner you start thinking about how you are going to shift your business design 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 sort of income which, while not passive, nevertheless 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 customers when they reorder merchandise every month.An aerobics instructor who creates 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 photos 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 wide variety of businesses. It might be recurring income by the same clients or the earnings of a product to new clients. It could necessitate no personal involvement whatsoever, such as an e-book offered on a website, or it may need 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 need your involvement to earn your income. For example, a coach or consultant on a monthly retainer, or a caterer who delivers lunch every Monday to the local school board has recurring income, but it comes from recurring work that limits on your earning capacity based on your own personal production capacity. .

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

An e-book writer selling her e-book through affiliates that promote the product.A network marketer who 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 versions 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 may or may not 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:

Although these require your immediate participation, your earning potential is a lot greater than when someone was 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 confident you are conscious of the concept of passive income or residual income. Most probably, you have been searching the Internet for the best passive residual income thoughts.

You may have thought about creating one or several streams of passive income to live a comfortable life or make good savings. Whatever is your goal or the view it reason but you have not been really very powerful so far at creating a regular supply 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 good news is that this blog gives you a few practical and well tried ways for generating passive residual income.

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

It is quite possible if you're consistent and persistent then over 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 job or business.

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This is maybe one of the most recommended ways of earning a passive income. Having a website which has good readership of regular since new subscribers can provide access two more than one source of passive income.