5 Easy Facts About Residual Income In Switzerland Explained

7 Simple Techniques For Residual Income In Switzerland


There are many different ways to generate residual income across a huge variety of businesses. It may be recurring income by the same customers or the sales of a product to new clients. It could necessitate no personal involvement whatsoever, like an e-book sold on a website, or it can need some personal interaction, like the insurance agent calling the customer 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 caterer who delivers lunch every Monday into the local school board has recurring income, however it comes in recurring work which limits on your earning ability based on your own personal production capacity. .

This frees the work of other people 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 who 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 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 are making money off of other people's labor, rather than primarily your own. Note that leveraged income may or may not also 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 earn more money by having more people involved. This generally involves a one-time Visit Website event, for example:

Though these need your direct participation, your earning potential is much higher than if someone was just paying you an immediate hourly rate. Fill a room with 1,000 people paying $50 each and you can pay for your facility price, 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 ideas like writing posts for adsense, Ive thought about nearly every passive income stream there's.

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

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Unfortunately no one has even until this afternoon made a complete list. 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 preferred passive income ideas 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 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 iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional effort.

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As you can see passive income flows simply come from assets, and assets are bought with money (eg rental property) or in the event of almost all of the ideas below, purchased through perspiration (eg ebook)!

Residual Income Ideas In Switzerland - The Facts3 Simple Techniques For Residual Income Ideas In Switzerland
The much adored version for bloggers and content creators everywhere and to get a good reasonits pretty easy to write a 60-80 page ebook, not hard 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!  Especially in the event that you understand it can be even easier to earn money this way than with an ebook.  In the end, you merely need to concentrate on pumping out some content to your own site and getting the traffic in, often via Google or societal websites.  Unsurprisingly, most people can enjoy their very 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'd have slapped you silly and called the men in white jackets to come 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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