Making Passive Recurring Income
A Guide To Making A Passive Recurring Income Online Report. Discover How You Can Start Making A Residual Income Online. This Detailed Report Is Here To Help You Make The Right Decisions When Creating Online Income.
Passive Recurring Income
I’m going to level with you – a lot of online business models are lazy. That is to say they’re either lazy or they’re just not very ambitious.
What do I mean by this?
I mean that they tend to fall back on tried and tested methods. Methods like setting up a blog and then promoting an e-book.
Online Business Tends To Fall Into One of Two Camps
In one camp you have ‘digital marketers’ who a lot of the time simply sell these e-books. Audios, e-Course or perhaps affiliate products. And in the other camp you have the brick and mortar businesses. That see the web as a way to perhaps get a few more customers and that’s pretty much it.
Either way, neither of these businesses are using the web to the fullest of its potential. Far from it. There’s so much more you can do with an online business.
A great example of this is to set up a membership site or a subscription product. From there, there are then tons of additional apps, tools and services. One can then use in order to grow that basic model and accomplish some truly ingenious methods of generating revenue.
Passive Recurring Income What You Will Learn
From This Report
In the full e-book, you’ll learn everything you could possibly need to know to make this happen. From how to set up a membership site with Shopify, which is a well know eCommerce platform. To the types of products you can sell online that will boost your revenue. Also how you can utilize apps to grow your online empire to the next level.
But For Now We Will Teach You
In this free online report we’ll just be taking a tour of membership sites and subscription products. We will look at two very unique business models, that go beyond the basic models that we tend to see.
When you take the time to look into some of the other products available. Letting your imagination run away with you, there are some far more efficient ways to make money…
Passive Recurring Income Business Model 1 Selling
The first business model is going to be selling a subscription product. As you read on you’ll see how this is even more effective than it might sound. Of course selling any kind of subscription is always a great strategy.
When you sell a subscription instead of a one-off. You can set-up a recurring payment which means you’ll get guaranteed profits on a weekly, monthly or quarterly basis.
To do this, it’s normally a good idea to start with a good website. If you have a website with your own regular audience, then this will make it much easier for you. To sell your products because you’ll already have the trust of those users.
Passive Recurring Income Creating
Next, you’re going to need to create your product. There are tons of products you can sell in this manner.
Take the normal e-books you’re used to selling and break them down into chapters? From there, you can then sell them as ‘lessons’ as part of a longer course. By using the rinse and repeat method, you can even sell physical products this way.
Your selling clothes, why not create a subscription service where your buyers get a selection of items. That go together each month, thereby giving them completely new outfits they can wear on a regular basis?
There are many sites that sell diet plans this way, where each week or month. The subscribers receives a pre-packaged lunch with all the separate ingredients. So that they can cook easily and stay within the guidelines of their diet! Other things like health supplements lend themselves naturally to subscriptions.
Set up a re-seller business, which is buying products and then repackaging them. Into some kind of special ‘pack’ for your audience. There’s no risk because you’re paid at the start of the month and you can then reinvest that money into other products!
Taking this model to the next level,
All you need to do is to get yourself some affiliates which you can do easily enough. With a number of Shopify plugins! Now you’ll have a legion of marketers promoting your monthly/weekly services. Generating you a passive income stream, they will get commissions for every sales.
So it’s a win, win situation for you, no worrying about wages. An their are plenty affiliates out there, happy to promote your products.
Passive Recurring Income Business Model 2
A membership site is any website that requires a regular paid membership, in order to unlock all of the content. The idea is that some of your content is going to be behind a pay wall. So that only your premium site members will get to see it.
This is a great business model if you’re already an online blogger. As it means you can get a regular and reliable income for a service you’re already providing. All you need to do is to ensure that the content in your members’ area is even better quality. You’ll do this by adding more media or by ensuring that the topics covered are things that can’t be found anywhere else.
A Members Forum
Creating a members’ forum is also a great idea, as a community it can become self-sustaining. Helping you to grow your audience even bigger.
If you’re really confident in the service you’re providing, then why not offer a month’s free membership? That way, your users will be able to see, just what an excellent service you’re providing. With no risk and decide for themselves if they want to sign up.
You can even get your subscribers to contribute their own content. Thereby adding even more value to members without you having to do any extra work!
So there you have it two completely different business models. That utilize a recurring payment system to bring you steady, reliable income that you can benefit from for years to come.
Of course there are countless other ways you can utilize subscription services to make a stable income. In the full e-course we go into all of these in much more detail. As well as covering tons of additional tips, tricks and systems.
What You Will Learn
In The Passive Recurring Income Course
- How to set up your Shopify store
- The best tools and apps you can add to your store
- Turning your store into a mobile app!
- Setting up your affiliate sales
- Marketing your store to reach more potential customers
- Other ways to charge a subscription
- + Much More
GET ACCESS TODAY AND START YOUR ONLINE PASSIVE INCOME STREAM