All About Residual Income Ideas In Switzerland

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There are many different strategies to generate residual income over a huge array of businesses. It may be recurring income from the same customers or the earnings of a product to new customers. It could necessitate no personal involvement whatsoever, such as an e-book sold on a website, or it can need some personal interaction, such as the insurance agent calling the client to remind them about their renewal.

Note that this is different from recurring income that might still need your involvement to earn your income. By way of 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, but it comes in recurring work that limits on your earning capacity based on your own personal production ability. .

This leverages the work of other people to make 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 that 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 into other entrepreneurs (the ultimate 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 labor, rather than primarily your own. Note that leveraged income might or might 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:

Though these need your direct participation, your earning potential is much greater than if someone was just paying you an immediate hourly rate. Fill in a room with 1,000 people paying $50 each and you can cover your facility cost, promotional price, and staffing prices and still have a nice chunk of change left over. .

From the wise notions like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly every passive income stream there is.

During this period the one thing I wanted more than anything else, was a large fat epic record of ALL the possible passive income streams 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 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 favorite 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 look at here your own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional work.

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As you can observe passive income streams simply come from resources, and resources are either bought with money (eg rental property) or even in the event of most of the ideas below, purchased through perspiration (eg ebook)!

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The much loved model for bloggers and content creators everywhere and to get a fantastic reasonits pretty simple to compose a 60-80 page ebook, not hard to sell 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 fees!  Particularly in the event that you realize it can be even simpler to earn money in this way than using an ebook.  After all, you simply need to concentrate on pumping out some content for your own site and getting the traffic in, often via Google or societal websites.  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 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 coats to come take you away!  And thats because additional info back then selling products online was insanely complex and time consuming.  Pretty much as non-passive as a business gets. .

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