Owner: The Residualist URL:http://residualist.com Join Date: Fri, 16 Mar 2007 03:47:41 -0500 Rating:0 Site Description: An attempt to chronicle one man's quest to generate residual income Site statistics:Click here
A Quickie Collection of Great Posts from GeniusTypes.com 2007-03-16 09:29:28 I’ve just spent a bit more time reading some of the older articles on the GeniusTypes.com site. The more I read, the more impressed I am. Here are a couple of great posts that I really enjoyed, and I think would be beneficial to anyone reading this blog:
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Techquila Shots 2007-03-15 06:23:58 The first post on the Techquila Shots blog introduces it thusly:
The mission of this blog is to spark ideas and business creativity in my readers. I have started this blog to express my web strategy/marketing creativity by differentiating from all of the other great “web tech” blogs out there — whether it be news (TechCrunch, Mashable!, GigaOM, etc) or opinion/insight from the many blogs by VCs/Entrepreneurs/etc.
I have just stumbled across the blog, and since this first post on January 17th (almost exactly 2 months ago), Steve Poland has made over 70 more posts outlining and discussing 42 separate business ideas.
I think this is a fantastic idea for a blog and a commend Steve on his effort and hope he keeps it up.
What do we mean by “passive/residual income”? 2007-03-15 06:03:45 If you are reading this blog, you probably already have your own idea of the answer to this question. The problem is that everyone’s idea of that answer may differ slightly (or perhaps even greatly). Therefore, it behooves us to present a common definition so that we will all be on the same page moving forward.
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Felix Dennis on Becoming Rich 2007-03-15 05:04:19 The Times Online has a great article by FelixDennis
(the publishing tycoon responsible for, among others, Maxim Magazine). It’s entitled “If you want to be rich, first stop being so frightened“. It doesn’t have any direct connection to passive or residual income, but I think the core message is dead on, and I thought it was a great read, so I figured I’d post it. I will continue to post other items that don’t have a direct connection to passive/residual income but which I think are still interesting in the “related” category.
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Business Models on the Web 2007-03-15 04:54:16 I am putting the cart before the horse a little by posting this before I’ve posted any of the introductory material I have planned, but I thought it best to post now and have it for posterity then to delay and potentially lose track of the article. In any case, Managing the Digital Enterprise has a good piece discussing Business
Models on the Web, which provides a good breakdown of various business models used by online businesses. One of the major categories of passive income generating techniques that I expect to discuss is Internet Marketing and this piece provides some good background for that space.
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High Level Approaches to Passive Income Generation 2007-03-19 06:17:22 I was initially planning to have this post about the different high-level approaches to passive income be one of the first on my blog, but I haven’t had the time to edit it until this weekend and I got a bit ahead of myself with some of the other posts that have come before. In any case, without further ado, here is it is:
There are innumerable specific ways to generate passive income — but to make them easier to work with, I am going to attempt to break them out into one of several major categories. There are undoubtedly different specific techniques that will span categories or won’t quite fit into one perfectly, but we’ll cross that bridge when we get to it. In the meantime, here is the current breakout of major categories that I have come up with along with some examples for each category…
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Passive Income Tidbits 2007-03-25 07:30:26 Here are some posts from around the blogosphere that I have read in the past week or so that relate to one or more items that I have mentioned or will be mentioning, or might otherwise be relevant to the audience of this blog.
‘Moving a Savings Account to an Online Bank‘ by Jay White on his dumblittleman blog.
Jay also has a post pointing to a piece entitled ‘10 Internet Businesses You can Start with as Little as $100‘ by Kineda on her blog….
…and another entitled ‘The Myths of Starting a Business‘, which references a post called ‘Six Self-Employment Myths You Need to Know Before Striking Out On Your Own‘ by Amy L. Fontinelle at Personal Finance Advice. These posts are close to my heart, because as I’ve mentioned before, one of the things that motivated me to start on this project is all the bad info on how easy/hard it is to start your own business (vis-a-vis creating passive income).
One of the specific ideas that Read more:Income
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An Introduction to Financial Statements 2007-04-10 04:29:59 GetRichSlowly has a great introduction to financial statements, highlighting three of the most common, the balance sheet, the income statement and the cashflow statement. This is something that almost anyone concerned with generating passive income should be familiar with and understand at least at the level that it’s described in this post.
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Day Job Keeping Me Busy 2007-05-02 07:17:40 I’m really frustrated right now because I really want to put more time and energy into this blog and the research behind it, but at the moment I have no choice but to focus on my day job. There’s simply too much going on and it would be foolish of me to divert too much of my attention.
The only good news is that I’ve been able to spend a little of my time between working on “real” projects on a side project, currently simply called “ladder”. The idea is you can create “ladders” of images and then people vote on which images are better and they move up and down the ladder. I haven’t done much with it yet, but the idea is to apply some internet marketing muscle to it and see if I can start generating some passive income through AdSense and/or other internet marketing style monetization mechanisms.
If I’m at all successful (and to some degree, even if I’m not) it will actually serve as a case study for this pr
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