Some Known Questions About Residual Income Ideas In Switzerland.

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There are many different ways to generate residual income across a wide array of businesses. It may be recurring income by the same clients or the sales of a product to new customers. It may necessitate no personal involvement whatsoever, like an e-book offered on a website, or it may need some personal interaction, like the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income that might still require your involvement to earn your income. For instance, a coach or consultant on a monthly retainer, or a caterer who delivers lunch each Monday to the local school board has recurring income, however it comes from recurring work which restricts on your earning capacity based on your own personal production ability. .

This frees the work of other folks to create 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 that assembles 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 into 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 labour, rather than mainly your own. Note that leveraged income may or may 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 make more money by having more people involved. This generally involves a one-time event, such as:

Although these require your direct participation, your earning potential is a lot greater than if someone was paying you an immediate 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 wise notions like an online course to the dress-me-in-the-white-jacket notions like writing articles for adsense, Ive thought about pretty much every passive income flow there is.

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 till this day made a complete list. So I spent the last week getting loaded 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 check out here my beloved real life passive income businesses here.

Ie first you need to haul ass and do something crazy, eg write 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 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 from assets, and resources are bought with money (eg rental property) or even in the case of most of the ideas under, bought through sweat (eg ebook)!

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The much adored version for bloggers and content creators everywhere and for a good reasonits pretty easy 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 blog, 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 simpler to make money in this way than using an ebook.  In the end, you merely need to concentrate on pumping out some content for your own site and getting the traffic in, often via Google or social media.  Unsurprisingly, the majority of 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'd have slapped you silly and called the men in white jackets 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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