7 Easy Facts About Residual Income In Switzerland - Passive Residual Income Explained

3 Simple Techniques For Residual Income In Switzerland - Passive Residual Income


There are many different strategies to generate residual income across a huge variety of businesses. It may be recurring income by the very same clients or the sales of a product to new clients. It could necessitate no personal involvement whatsoever, like an e-book sold on a website, or it can require some personal interaction, such as 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 your income. For instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, but it comes from recurring work that restricts on your earning ability based on your own personal production capacity. .

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

Some Known Details About Residual Income In Switzerland - Passive Residual Income


An e-book writer selling her e-book through associates who promote the product.A network marketer that 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 versions in many different businesses. The key is that you're making money off of other people's labour, rather than mainly your own. Note that leveraged income may or may not be residual income. When you combine them, that is even better.

Unknown Facts About Residual Income In Switzerland - Passive Residual Income


This type of income requires your direct 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 a lot greater than if someone was paying you a direct hourly rate. Fill in 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. .

In the smart ideas like an online path to the dress-me-in-the-white-jacket ideas like writing articles 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 large fat epic record of all of the possible passive income streams there were.

Some Known Factual Statements About Residual Income In Switzerland


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

PS if you want to cut to the chase you can get access to 3 of my favorite passive income ideas 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 mad, eg compose a quality 20,000 word ebook (insanely not passive article hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional effort.

The Only Guide to Residual Income In Switzerland - Passive Residual Income


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

The Best Strategy To Use For Residual Income In SwitzerlandAll About Residual Income In Switzerland - Passive Residual Income
The much loved version for bloggers and content creators everywhere and to get a good reasonits pretty easy to compose a 60-80 page ebook, not hard to market say $500 value a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of this pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt enjoy some down and dirty affiliate fees!  Particularly if you realize it can be even simpler to make money this way than using an ebook.  In the end, you simply need to concentrate on pumping some content for your own site and getting the visitors in, often via Google or societal media.  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 would end up being my #1 source of passive income, I would have slapped you silly and called the men in white jackets to take you away!  And because back then selling goods online was insanely complicated and time consuming.  Pretty much as non-passive as a business receives. .

Leave a Reply

Your email address will not be published. Required fields are marked *