Our Residual Income Ideas In Switzerland PDFs

The 9-Minute Rule for Residual Income Ideas In Switzerland


There are many different strategies to generate residual income across a wide array of businesses. It might be recurring income by the same customers or the sales of a product to new clients. It may necessitate no personal involvement in any respect, like an e-book sold on a web site, or it can need some personal interaction, like the insurance agent calling the customer to remind them regarding their renewal.

Note that this is different from recurring income which may still need your involvement to earn your income. By way of instance, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch every Monday to the local school board has recurring income, but it comes in recurring work that restricts on your earning capacity based on your own personal production ability. .

This leverages the work of other people to make income for you. A Few Examples of leveraged income include:

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An e-book author selling her e-book through associates that 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 work done by subcontractors.Franchising your business model into other entrepreneurs (the ultimate leveraged income). .

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

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This sort of income requires your direct participation, but you can make more money by having more people involved. This generally involves a one-time event, such as:

Though these require your direct participation, your earning potential is much higher 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 your facility cost, promotional price, and staffing fees and still have a nice chunk of change left over. .

From the wise ideas like an online course to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about pretty much every passive income stream there is.

During this time the one thing I wanted more than anything else, was a large fat epic record of ALL the possible Homepage passive income streams there were.

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Unfortunately no one has even till this afternoon made an entire list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my mind, my notes and the world wide interwebs!

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

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

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As you can observe passive income flows simply come out of assets, and resources are either bought with money (eg rental property) or in the case of most of the ideas under, bought through sweat (eg ebook)!

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The much adored version for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to write a 60-80 page ebook, not hard 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!  Especially if you realize it can be even easier to earn money this way than with an ebook.  In the end, you merely need to concentrate on pumping out some content to your own site and getting the traffic in, often via Google or social media.  Unsurprisingly, the majority of people can enjoy their see post first affiliate sale within 30 days of starting a blog.  Continue reading .

If you told me several 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 thats because back then selling products online was insanely complicated and time consuming.  Pretty much as non-passive as a business receives. .

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