More About Residual Income In Switzerland

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There are many different ways to generate residual income across a huge variety of businesses. It might be recurring income by the same customers or the earnings of a product to new customers. It could necessitate no personal involvement whatsoever, such as an e-book offered on a website, or it can require 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 your income. For instance, 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 ability based on your own personal production capacity. .

This frees the work of different folks 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 affiliates that promote the product.A network marketer who assembles 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 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 type of income requires your immediate participation, but you can make more money by having more people involved. This generally involves a one-time event, for example:

Though these need your direct participation, your earning my site potential is a lot greater than if someone was just paying you a direct hourly rate. Fill a room with 1,000 people paying $50 each and you can cover your facility cost, promotional cost, and staffing fees and have a nice chunk of change check that left over. .

From the smart notions like an online path 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 period the one thing I wanted more than anything else, was a big fat epic record of ALL the potential passive income flows there were.

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Unfortunately no one has even until this afternoon made a complete list. So I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income flow from my head, my notes you can check here and the world wide interwebs!

PS if you want to cut to the chase you can get access to 3 of my preferred passive income ideas 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 get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

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Because you can observe passive income streams simply come out of resources, and assets are either 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 loved model for bloggers and content creators everywhere and for a good reasonits pretty easy to write a 60-80 page ebook, not hard to sell 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 the pie after paying affiliates.  Hells yeah!  Continue reading >.

Who doesnt like 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 with an ebook.  After all, you simply need to concentrate on pumping out some content for your own site and getting the visitors in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a blog.  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 in white coats to 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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