Residual Income In Switzerland - Passive Residual Income - Questions

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There are many different strategies to generate residual income across a wide variety of businesses. It might be recurring income by the very same clients or the earnings of a product to new customers. It may necessitate no personal involvement whatsoever, like an e-book offered on a web site, or it may 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 the income. By way of example, a coach 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 from 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. A Few Examples of leveraged income include:

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An e-book writer selling her e-book through affiliates that promote the product.A network marketer that builds 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're making money from other people's labor, rather than mainly 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 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 much higher than if someone was just paying you a direct hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility price, promotional price, and staffing fees and still have a nice chunk of change left over. .

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

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

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Unfortunately no one has even till this day made an entire 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 click 3 of my favorite 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 own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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

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The much adored version for bloggers and content creators everywhere and to get a fantastic reasonits pretty easy to write a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to keep a large whack of the pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt enjoy some down and dirty affiliate commissions!  Especially if you realize it can be even simpler to earn money in this way than using an ebook.  After all, you merely need to concentrate on pumping some content to your own site and getting the visitors in, often via Google or social media.  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 several years ago that this might end up being my #1 source of passive income, I'd have slapped you this link silly and called the men in white coats to take you away!  And thats because back then selling Going Here goods online was insanely complex and time consuming.  Pretty much as non-passive as a business receives. .

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