Residual Income Ideas In Switzerland - The Facts

The Ultimate Guide To Residual Income In Switzerland


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

Note that this is different from recurring income that might still need your involvement to earn the income. For example, a mentor or consultant on a monthly retainer, or a secretary who delivers lunch every Monday to the local school board has recurring income, but it comes from recurring work which restricts on your earning capacity based on your own personal production ability. .

This frees the work of other people to make income for you. A Few Examples of leveraged income include:

Residual Income In Switzerland - Passive Residual Income Things To Know Before You Get This


An e-book writer selling her e-book through associates that promote the product.A network marketer that 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 work done by subcontractors.Franchising your business model to other entrepreneurs (the supreme leveraged income). .

Again, there are many different versions 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 is 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, such as:

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

In the smart notions 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 is.

During this period the one thing I wanted more than anything else, was a big fat epic record of all of the possible passive income flows there were.

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Unfortunately no one has even until this day made an entire list. So I spent the last week getting wealthy 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 ideas 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 mad, 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.

About Residual Income Ideas In Switzerland


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

See This Report on Residual Income In SwitzerlandAll about Residual Income In Switzerland
The much adored version for bloggers and content creators everywhere and for 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 site, and well you get to keep a large whack of this pie Get More Information 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 in this way than using an ebook.  After all, you merely need to concentrate on pumping out some content for your own site and getting the visitors in, often via Google or social media.  Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a blog.  Continue reading .

If you told me several years ago 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 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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