What Does Residual Income In Switzerland Mean?

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There are many different strategies to generate residual income across a huge array of businesses. It may be recurring income from the very same clients or the earnings of a product to new customers. It could require no personal involvement in any respect, such as an e-book offered on a web site, or it may require 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. For example, a coach or consultant on a monthly retainer, or a secretary who delivers lunch each Monday to the local school board has recurring income, but it comes in recurring work that restricts on your earning ability 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:

What Does Residual Income Ideas In Switzerland Mean?


An e-book author selling her e-book through associates that 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 to other entrepreneurs (the supreme leveraged income). .

Again, there are many different models 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'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, for example:

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

From the wise ideas like an online path to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about pretty much every passive income flow there's.

During this period the one thing I wanted more than anything else, was a big fat epic list of all of 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 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 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 ebook (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your 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 out of assets, and assets are bought with money (eg rental property) or in the event of most of the ideas below, purchased through sweat (eg ebook)!

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The much adored version for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to compose a 60-80 page ebook, Going Here not hard to market say $500 value 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 fees!  Especially in the event that 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 out some content to your own site and getting the visitors in, often via Google or social websites.  Unsurprisingly, the majority of people can enjoy their 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 jackets 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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