All About Residual Income In Switzerland

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There are many different strategies to generate residual income over a wide variety of businesses. It may be recurring income by the very same clients or the sales of a product to new customers. It could necessitate no personal involvement in any respect, like an e-book sold on a website, or it may 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 the income. By way of instance, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, however it comes in recurring work which restricts on your earning capacity based on your own personal production ability. .

This leverages the work of different people to create income for you. Some 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 who 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 into other entrepreneurs (the supreme leveraged income). .

Again, there are many different models in many different businesses. The key is that you are making money from other people's labor, rather than primarily your own. Note that leveraged income may or may not 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 higher than if someone was paying you a direct hourly fee. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility price, promotional cost, and staffing fees and still have a nice chunk of change left over. .

In the smart ideas like an online path to the dress-me-in-the-white-jacket ideas like writing posts 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 record of ALL the potential passive income streams you could try here there were.

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Unfortunately no one has even until this day made a complete list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income flow from go 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 thoughts 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 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 iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

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Because you can see passive income flows simply come out of assets, and resources are bought with money (eg rental property) or even in the case of almost all of the ideas below, bought through perspiration (eg ebook)!

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The much adored version for bloggers and content creators everywhere and for a fantastic reasonits pretty easy 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 site, and well you get to maintain a large whack of this pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt like some down and dirty affiliate commissions!  Especially in the event that you realize it can be even easier to earn money in this way than with an ebook.  In the end, you simply need to concentrate on pumping some content to your own site and getting the visitors in, often via Google or societal media.  Unsurprisingly, most people can enjoy their first affiliate sale visit the website 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 up the men in white jackets to come take you away!  And 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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