The 9-Minute Rule for Residual Income Ideas In Switzerland

The 5-Minute Rule for Residual Income In Switzerland


There are many different ways to generate residual income across a huge variety of businesses. It might be recurring income from the very same customers or the sales of a product to new customers. It may require no personal involvement whatsoever, like 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 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, but it comes in recurring work that restricts on your earning ability based on your own personal production capacity. .

This leverages the work of other people to create income for you. Some examples of leveraged income include:

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An e-book author selling her e-book through affiliates who promote the product.A network marketer who assembles 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 to other entrepreneurs (the ultimate leveraged income). .

Again, there are many different models in many different businesses. The key is that you are making money off of other people's labour, rather than primarily your own. Note that leveraged income might or might not be residual income. When you combine them, that is even better.

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

Although these require your immediate participation, your earning potential is much higher than when someone was just paying you a direct hourly fee. Fill in a room with 1,000 people paying $50 each and you can pay for your facility price, promotional price, and page staffing fees and have a nice chunk of change left over. .

In the smart notions like an online path to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about nearly every passive income stream there's.

During this period the one thing I wanted more than anything else, was a big fat epic record of ALL the potential passive income flows there were.

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Unfortunately no one has even till this day made a complete list. I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my mind, my notes and the net interwebs!

PS if you want to cut to the chase you can get access to 3 of my preferred passive income thoughts right here or you can check out 30 of my beloved real-life passive income businesses here.

Ie first you need to haul ass and do something crazy, eg compose a quality 20,000 word blossom (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.

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As you can observe passive income streams simply come from resources, and resources are either bought with money (eg rental property) or in the event of almost all of the ideas below, bought through sweat (eg ebook)!

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The much loved model for bloggers and content creators everywhere and to get a good reasonits pretty easy to compose a 60-80 page ebook, not difficult to sell say $500 value a month through online networking, guest posting and your own SEO optimized site, and well you get to maintain a large whack of this pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt like some down and dirty affiliate commissions!  Particularly in the event that you understand it can be even simpler to earn money in this way than using an ebook.  In the end, you merely need to concentrate on pumping out some content to your own site and getting the visitors in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their very first affiliate sale within 30 days of starting a site.  Continue reading >.

If you told me a few years ago that this might end up being my #1 source of passive income, I'd have slapped you silly and called the men in white jackets to take you away!  And because back then selling products online was insanely complex and time consuming.  Pretty much as non-passive as a business gets. .

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