The Facts About Residual Income In Switzerland Revealed

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There are many different ways to generate residual income across a wide variety of businesses. It might be recurring income by the same customers or the earnings of a product to new customers. It may necessitate no personal involvement whatsoever, like an e-book sold 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 require your involvement to earn your income. For instance, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch every Monday into the local school board has recurring income, however it comes in recurring work that limits on your earning ability based on your own personal production ability. .

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

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An e-book writer selling her e-book through associates that 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 work 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 are making money off of other people's labor, rather than primarily your own. Note that leveraged income might or might not be residual income. When you combine them, that's even better.

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

In the smart notions 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 flow straight from the source 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 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 wealthy on strong 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 favorite 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 have 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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Because you can see passive income streams simply come out of assets, and resources are either bought with money (eg rental property) or even in the case of most of check here the ideas under, bought through sweat (eg ebook)!

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

Who doesnt enjoy some down and dirty affiliate commissions!  Especially if you understand it can be even easier to earn money this way than using an ebook.  In the end, you merely need why not try these out to concentrate on pumping some content for your own site and getting the traffic in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a site.  Continue reading .

If you told me several 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 come take you away!  And thats because back then selling products online was insanely complex and time consuming.  Pretty much as non-passive as a business receives. .

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