Passive Income Guidebook - Generating Ideas and Creating First Income Stream (2013)

Passive income is money that comes to you even when you’re not actively working, such as royalties, investment income, and revenue from automated business systems.




I started earning passive income in the 1990s by creating, selling, and licensing computer games. Once those deals and systems were established, I continued to earn money from those products year after year.




This approach soon became a habit. Consequently, most of the money I’ve earned during my lifetime has come from passive or semi-passive income source, not from a salary, wage, or hourly rate.




It took me many years to figure out how to make a living this way, and I went bankrupt along the way, but eventually I learned what I needed to learn. It works, and I definitely appreciate the benefits of it.







eBOOK SUMMARY:







Table of Contents:







- Chapter 1: What is Passive Income?







- Chapter 2: Generating Ideas



Generating Good Ideas



Inspiration vs. Market Research



How to Do Market Research



Making Reasonable Trade-offs



Taking Risks



Inspiration First



The Courage Advantage







- Chapter 3: Passive Value Delivery



Passive Value Delivery



Why Just One Customer?



Scaling Up



Stop Being So Selfish With Your Value







- Chapter 4: How to Earn Passive Income From Live Performance Art



Pseudo-Passive Income



Passive Income From Performance Art







- Chapter 5: It Is fair to Earn Passive Income?



Passive vs. Active Income



Where Does Passive Income Lead?



Will Passive Income Make You a Bigger Success or a Bigger Failure?



What’s Your Motivation?







Chapters: 5



Total Pages: 20