Residual Income Ideas In Switzerland for Dummies

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There are many different ways to generate residual income over a huge array of businesses. It might be recurring income by the very same clients or the earnings of a product to new clients. It could require no personal involvement whatsoever, such as an e-book sold on a website, or it can require some personal interaction, such as the insurance agent calling the customer 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 example, a mentor or consultant on a monthly retainer, or a caterer who delivers lunch each Monday into the local school board has recurring income, however it comes in recurring work that restricts on your earning capacity based on your own personal production capacity. .

This frees the work of different folks 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 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 work done by subcontractors.Franchising your business model to other entrepreneurs (the supreme leveraged income). .

Again, there are many different versions in many different businesses. The key is that you're making money off of other people's labour, 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 immediate participation, but you can make more money by having more people involved. This generally involves a one-time event, for example:

Though these require your immediate participation, your earning potential is much greater than if someone was paying you an immediate hourly rate. Fill a room with 1,000 individuals paying $50 each and you can pay for your facility cost, promotional cost, and staffing prices 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 notions like writing posts for adsense, Ive thought about nearly every passive income stream there's.

During this time the one thing I wanted more than anything else, was a large fat epic record of ALL the potential 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 past week getting wealthy on strong Ethiopian espresso and compiling every different income flow 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 thoughts 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 explanation a quality 20,000 word ebook (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone each morning as sale 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 resources are bought with you could look here money (eg rental property) or in the case of most of the ideas below, bought through sweat (eg ebook)!

Fascination About Residual Income Ideas In SwitzerlandFascination About Residual Income In Switzerland
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 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 like some down and dirty affiliate fees!  Particularly if you understand it can be even easier to earn money this way than using an ebook.  In the end, you merely need to concentrate on pumping some content for your own site and getting the traffic in, often via Google or societal media.  Unsurprisingly, most people can enjoy their very 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 coats to 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 gets. .

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