The Best Guide To Residual Income Ideas In Switzerland

A Biased View of Residual Income Ideas In Switzerland


There are many different strategies to generate residual income over a wide array of businesses. It may be recurring income from the same clients or the earnings of a product to new clients. It could require no personal involvement whatsoever, such as an e-book offered on a website, 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 require your involvement to earn the income. For example, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch every Monday into the local school board has recurring income, but it comes in recurring work which restricts on your earning capacity based on your own personal production ability. .

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

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An e-book writer selling her e-book through associates 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 into other entrepreneurs (the supreme leveraged income). .

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

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This sort 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:

Though these need your immediate participation, your earning potential is a lot greater than when someone was just paying you a direct hourly rate. Fill in a room with 1,000 people paying $50 each and linked here you can pay for your facility price, promotional cost, and staffing fees and have a nice chunk of change left over. .

In the wise ideas like an online path to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly 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 of the possible passive income streams there were.

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Unfortunately no one has even until this afternoon made a complete list. So I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income flow 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 favorite real-life passive income businesses here.

Ie first you need to haul ass and do something crazy, eg write 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 own iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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

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The much loved version for bloggers and content creators everywhere and for a good reasonits pretty easy 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 keep a large whack of the pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt like some down and dirty affiliate fees!  Particularly in the event that you understand it can be even simpler to make money this way than using an ebook.  After all, you simply need to concentrate on pumping out some content to your own site and getting the visitors in, often via Google or societal media.  Unsurprisingly, the majority of people can enjoy their very first affiliate sale within 30 days of starting a blog.  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 up the men in white coats 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 gets. .

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