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If you want to earn more, work less, and have a comfortable retirement, it is important to begin creating passive income flows. Whether you are just starting your business, or you have been running it some time, the sooner you get started thinking about how you're going to shift your business design to create more passive income, the sooner you can attain personal and financial freedom. .

There are two basic types of passive income and a third sort of income that, while not passive, nevertheless is an integral approach for earning more and working less.

An insurance agent who gets a commission annually 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 creates a video and sells it at the gym at which she teaches.A marketing consultant who creates a workbook and sells it all in e-book format on the Internet.A photographer who makes his photos available through a stock photography clearinghouse and gets paid a royalty whenever someone purchases one of his pictures. .

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There are many different ways to generate residual income across a huge array of businesses. It may be recurring income by the very same clients or the sales of a product to new clients. It could require 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 client to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. For instance, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch every 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 make income for my sources you. Some examples of leveraged income include:

An e-book author selling her e-book through associates that 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 to 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 off of 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 type of income requires your direct participation, but you can make more money by having more people involved. This generally involves a one-time event, for example:

Although these need your direct participation, your earning potential is much higher than if someone was paying you a direct hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can cover your facility price, promotional cost, and staffing fees 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 conscious of the concept of passive income or residual income. Most probably, you have been searching the Internet for the best passive residual income ideas.

You may have thought of creating one or a number of streams of passive income to live a comfortable life or create good savings. Whatever is your goal or the reason but you have not been really very successful so far at creating a normal supply of passive income. The reason could be that you do not think it is 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 methods of generating passive residual income.

These ideas have worked for others and can work for you too. Choose one or 2 or more which match your interest, experience and background. Once you've decided to work on these, then you certainly should not be any looking back.

It's quite possible if you are 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 job or business.

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This is perhaps one of the most recommended ways of earning a passive income. Having a blog which has good readership of regular since new readers can give access two more than one source of passive income.