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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 a while, 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 achieve personal and financial freedom. .

There are two basic types of passive income and also a third type of income that, although not passive, nevertheless is a key strategy 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 direct clients when they reorder merchandise every month.An aerobics instructor that creates a video and sells it in the gyms where she's teaches.A marketing consultant who produces a workbook and sells it in e-book format on the Internet.A photographer who earns his photographs available through 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 over a wide array of businesses. It might be recurring income by the same clients or the sales of a product to new clients. It may require no personal involvement whatsoever, such as an e-book offered on a website, or it can need some personal interaction, like the insurance agent calling the client to remind them regarding 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 into the local school board has recurring income, however it comes from recurring work that limits on your earning ability based on your own personal production ability. .

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This leverages the work of different folks to create income for you. A Few Examples of leveraged income include:

An e-book writer 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 job 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 labour, rather than mainly your own. Note that leveraged income might or might not be residual income. When you combine them, that's even better.

This sort of income requires your immediate participation, but you can make more money by having more people involved. This generally involves a one-time event, for see this page example:

Though these require your direct participation, your earning potential is much higher than if someone was paying you an immediate hourly rate. Fill in a room right here 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're in the Internet business, then I am sure that you are aware of the concept of passive income or residual income. Most probably, you have already been searching the Internet for best passive residual income thoughts.

You might have thought of creating one or several streams of passive income to live a comfortable life or make good savings. Whatever is your aim or the reason but you have not been really very successful so far at creating a regular source of passive income. The reason might be that you do not believe it's true.

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Whatever is the real reason in the background, the fantastic news is that this site provides you a few practical and well tried methods of generating passive residual income.

These ideas have worked for many others and can work for you also. Pick one or two or more which suit your interest, experience and background. Once you have decided to work on them, then there should not be any looking back.

It is fairly possible if you are consistent and persistent then over a time period you will 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 see page website which has great readership of routine since new readers can provide access 2 more than one source of passive income.