More About Residual Income Ideas In Switzerland

Excitement About Residual Income Ideas In Switzerland


There are many different ways to generate residual income across a huge array of businesses. It may be recurring income by the same customers or the sales of a product to new clients. It may necessitate no personal involvement whatsoever, like an e-book offered on a website, or it can require some personal interaction, like the insurance agent calling the customer to remind them about their renewal.

Note that this is different from recurring income that might still need your involvement to earn the income. By way of example, a coach or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, however it comes from recurring work which limits on your earning ability based on your own personal production ability. .

This leverages the work of different folks to create income for you. A Few Examples of leveraged income include:

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An e-book writer 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 supreme leveraged income). .

Again, there are many different models in many different businesses. The key is that you are making money from other people's labour, rather than mainly your own. Note that leveraged income may or may not also 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 a room with 1,000 people paying $50 each and you can pay for your facility cost, promotional price, and staffing fees and have a nice chunk of change left over. .

From the wise notions 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 flow there's.

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

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Unfortunately no one has even until this day made a complete list. I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income flow from my head, my notes and the world wide interwebs!

PS if you want to cut to the chase anchor 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 check out this site a quality 20,000 word ebook (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning available after sale after try this site sale is madeon an ongoing basis and without any additional work.

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

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

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

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

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