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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're just starting your business, or you have been running it a while, the sooner you get started thinking about how you're going to change 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 a third type of income that, while not passive, still is a key strategy for earning more and working less.

An insurance agent who receives 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 who creates a movie and sells it in 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 earns his photographs available via a stock photography clearinghouse and gets paid a royalty whenever someone purchases one of his images. .

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There are many different strategies to generate residual income across a huge variety of businesses. It may be recurring income by the same clients or the earnings of a product to new customers. It may require no personal involvement whatsoever, like an e-book sold on a web site, or it may need 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 require your involvement to earn the income. For instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch every Monday into the local school board has recurring income, however it comes in recurring work that restricts on your earning ability based on your own personal production capacity. .

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This frees 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 affiliates who 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 ultimate leveraged income). .

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Again, there are many different models in many different businesses. The key is that you're making money from other people's labor, rather than primarily your own. Note that leveraged article income may or may not also 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:

Although these need your immediate participation, your earning potential is a lot greater than when someone was just paying you a direct hourly rate. Fill a room with 1,000 people paying $50 each and you can cover read the article your facility price, promotional price, and staffing prices and still 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 been searching the Internet for best passive residual income ideas.

You may have thought of creating one or several streams of passive income to live a comfortable life or create good savings. Whatever is the goal or the reason but you have not been really quite powerful so far at creating a regular source of passive income. The reason might be that you do not think it's true.

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Whatever is the actual reason in the background, the good news is that this blog provides you a few practical and well tried methods for generating passive residual income.

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

It's fairly possible if you're consistent and persistent then over a time period 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 perhaps one of the most recommended methods of earning a passive income. Having a blog which has great readership of routine since new subscribers can provide access two more than one source of passive income.