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Residual Income In Switzerland - Passive Residual Income - The Facts


There are many different strategies to generate residual income across a wide variety of businesses. It might be recurring income from the very same customers or the earnings of a product to new clients. It could necessitate no personal involvement in any respect, like an e-book offered on a website, or it can require some personal interaction, like the insurance agent calling the client to remind them regarding their renewal.

Note that this is different from recurring income which may still require your involvement to earn your income. For instance, a coach or consultant on a monthly retainer, or a secretary who delivers lunch every 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 ability. .

This frees the work of different people to make income for you. Some 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 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 to other entrepreneurs (the ultimate 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 labour, 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 immediate participation, your earning potential is much higher than if someone was paying you an immediate hourly fee. Fill a room with 1,000 people paying $50 each and you can pay for your facility cost, promotional price, and staffing fees and have a nice chunk of change left over. .

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

During this time the one thing I wanted more than anything else, was a large fat epic list of ALL 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 loaded on strong Ethiopian espresso and compiling every different income stream from my mind, 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 crazy, eg write look at this web-site 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 own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional work.

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Because you can observe passive income flows simply come site 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 adored version for bloggers and content creators everywhere and to get a good reasonits pretty simple to compose a 60-80 page ebook, not difficult to market say $500 value a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of this pie after paying affiliates.  Hells yeah!  Continue reading .

Who doesnt enjoy some down and dirty affiliate commissions!  Particularly in the event that you realize it can be even easier to make money this way than with an ebook.  After all, you merely 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 within 30 days of starting a site.  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 up the men in white jackets to take you away!  And 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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