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

There are two main kinds of passive income and also a third type of income that, although not passive, nevertheless is an integral strategy for earning more and working less.

An insurance agent who receives a commission every year when a client renews his policy.A network marketing or direct sales rep's income from her guide clients when they reorder product every month.An aerobics instructor who produces a video and sells it at the gyms where she teaches.A marketing consultant who creates 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 purchases 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 from the same clients or the earnings of a product to new customers. It could require no personal involvement in any respect, like an e-book offered on a web site, or it may need some personal interaction, such as the insurance agent calling the customer to remind them regarding their renewal.

Note that this is different from recurring income which may still require your involvement to earn the income. By way of instance, a coach or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into the local school board has recurring income, however it comes in recurring work which limits on your earning capacity based on your own personal production capacity. .

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This leverages the work of different people to make 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 anonymous that 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 to other entrepreneurs (the ultimate leveraged income). .

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Again, there are many different versions in many different businesses. The key is that you are making money off of 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 type of income requires your direct 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 when someone was paying you a direct hourly fee. Fill a room with 1,000 people paying $50 each and you can pay for your facility cost, 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 sure that you are conscious of the concept of passive income or residual income. Most likely, you have been searching the Internet for best passive residual income ideas.

You might have thought about creating one or several streams of passive income to live a comfortable life or create superior savings. Whatever is your aim or the reason but you have not been really quite powerful so far at creating a normal 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 good news is that this blog gives you a few practical and well tried ways of generating passive residual income.

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

It's quite possible if you are consistent and persistent then within a period of time 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 see this a website that has good readership of regular as new subscribers can give access 2 more than one source of passive income.