Residual Income In Switzerland for Dummies

What Does Residual Income In Switzerland Mean?


There are many different strategies to generate residual income across a wide array of businesses. It may be recurring income from the very same clients or the earnings of a product to new customers. It may necessitate no personal involvement in any respect, such as an e-book offered on a web site, or it may require some personal interaction, such as the insurance agent calling the client to remind them regarding their renewal.

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

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

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An e-book writer selling her e-book through affiliates who promote the product.A network marketer who builds a downline and receives commissions on the sales generated 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 are making money off of other people's labor, rather than primarily your own. Note that leveraged income may or may not be residual income. When you combine them, that is even better.

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This type 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:

Although these need your direct participation, your earning potential is a lot higher than if someone was paying you a direct hourly rate. Fill in a room with 1,000 individuals 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 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 period the one thing I wanted more than anything else, was a big fat epic list of ALL the possible passive income flows there were.

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Unfortunately no one has even until this day made an entire list. So I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my mind, my notes and the net interwebs!

PS if you want to cut to the chase you go now can get access to 3 of my favorite passive income thoughts here or you can check out 30 of my beloved real-life passive income businesses here.

Ie first you need to haul ass have a peek here 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 iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

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Because you can observe passive income flows simply come out of resources, and assets are either bought with money (eg rental property) or even in the case of almost all of the ideas below, bought through perspiration (eg ebook)!

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The much adored model for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write 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 maintain a large whack of the 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 easier to make money this way than with an ebook.  After all, you merely need to concentrate on pumping some content to your own site and getting the traffic in, often via Google or social websites.  Unsurprisingly, the majority of people can enjoy their first affiliate sale within 30 days of starting a blog.  Continue reading >.

If you told me a few years back that this might end up being my #1 source of passive income, I would have slapped you silly and called the men in white jackets to come 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 gets. .

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