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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 some time, the sooner you start thinking about how you're going to change 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 also a third type of income which, while not passive, still is an integral 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 customers when they reorder product every month.An aerobics instructor who produces a video and sells it in the gyms where she teaches.A marketing consultant who creates a workbook and sells it in e-book arrangement on the Internet.A photographer who makes his photos available via a stock photography clearinghouse and has paid a royalty whenever someone buys one of his images. .

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There are many different ways to generate residual income across a wide variety of businesses. It may be recurring income by the same clients or the sales of a product to new customers. It may necessitate no personal involvement whatsoever, like an e-book sold on a web site, or it can require 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 need your involvement to earn the income. For example, 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 restricts on your earning ability based on your own personal production ability. .

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

An e-book author selling her e-book through associates who promote the product.A network marketer who assembles 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 ultimate 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 may or may not be residual income. When you combine them, that's 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 direct participation, your earning potential is a lot greater than if someone was just paying you an immediate hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility cost, promotional cost, 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 aware 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 might have thought about creating one or a number of streams of passive income to live a comfortable life or create superior savings. Whatever is your goal or the reason but you have not been really quite successful so far at creating a normal source of passive income. The reason could be that you do not think it's true.

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Whatever is the real original site reason in the background, the good news is that this site gives you a few practical and well tried ways of generating passive residual income.

These notions have worked for many others and can work for you also. Choose one or 2 or more which match your interest, experience and background. Once you have decided to work on them, 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 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 methods of earning a passive income. Having a blog that has great readership of regular as new subscribers can provide access two more than one source of passive income.