Residual Income Ideas In Switzerland - The Facts

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There are many different ways to generate residual income across a huge variety of businesses. It may be recurring income from the same clients or the sales of a product to new clients. It could necessitate no personal involvement whatsoever, like an e-book offered on a web site, or it may require some personal interaction, like the insurance agent calling the client to remind them regarding their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. For example, 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 restricts on your earning ability 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 author selling her e-book through associates 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's even better.

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This sort of income requires your direct participation, but you can earn more money by having more people involved. This generally involves a one-time event, such as:

Although these require your immediate participation, your earning potential is much greater than if someone was just paying you an immediate hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility cost, promotional price, and staffing fees and still have a nice chunk of change left over. .

In the wise notions like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought Get More Information 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 list of ALL the potential passive income flows there were.

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Unfortunately no one has even till this afternoon made a complete list. I spent the past week getting wealthy 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 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 blossom (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.

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

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The much adored model for bloggers and content creators everywhere and to get a good reasonits pretty simple to compose a 60-80 page ebook, not hard to market 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 the pie after paying affiliates.  Hells yeah!  Continue reading .

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

If you told me a few years back 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 take you away!  And because back then selling goods online was insanely complex and time consuming.  Pretty much as non-passive as a business gets. .

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