The Definitive Guide to Residual Income In Switzerland

Indicators on Residual Income In Switzerland - Passive Residual Income You Need To


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

Note that this is different from recurring income which may still require your involvement to earn the income. For example, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch each 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 capacity. .

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

The Best Guide To Residual Income In Switzerland - Passive Residual Income


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 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're making money from other people's labour, rather than primarily 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 earn more money by having more people involved. This generally involves a one-time event, such as:

Although these need your direct participation, your earning potential is a lot higher than when someone was just paying you an immediate hourly rate. Fill in a room with 1,000 individuals paying $50 each and you can pay for your facility cost, promotional cost, and staffing fees and still have a nice chunk of change left over. .

In the wise ideas 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's.

During this time the one thing I wanted more than anything else, was a large fat epic list of all of the possible passive income streams there were.

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Unfortunately no one has even until this day made a complete list. I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income flow from my mind, my notes click over here 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 beloved 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 every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

The Definitive Guide to Residual Income In Switzerland - Passive Residual Income


Because you can see passive income streams simply come from assets, and assets are either bought with money (eg rental property) or in the case of almost all of the ideas below, bought through sweat (eg ebook)!

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The much loved version for bloggers and content creators everywhere and to get a good reasonits pretty simple to write a 60-80 page ebook, not difficult 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 enjoy some down and dirty affiliate commissions!  Especially in the event that you realize it can be even easier to make money in this way than with an ebook.  In the end, you merely need to concentrate on pumping some content to your own site and getting the visitors in, often via Google or social media.  Unsurprisingly, the majority of people can enjoy their very first affiliate sale within 30 days of starting a site.  Continue reading .

If you told me several years back that this might end up being my #1 source of passive income, I would have slapped you silly and called up the men Check This Out in white coats to come take you away!  And thats because back then selling products online was insanely complicated and time consuming.  Pretty much as non-passive as a business gets. .

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