Thousands of people every day are looking to rent any variety of items. Craigslist can be a great place to advertise your items for rent. Here are some ideas of products that you could rent out: extension ladders, party tents, tables and chairs, utility trailers, log splitters, chainsaws, snowmobiles, and ATV’s.
You see, the secret to having a TRUE “income at will” business is to have a sales funnel that let’s you literally multiply every single dollar for every sale you make. It’s kinda like having a property that pays you rental income every month and also increases in value over time, having a sales funnels is pretty much like this. Your goal is to have a systematic way to enrol clients, premium customers, patients and leads that buy your products and services.
Decide What Type Of Turnkey Business Suits Your Expertise and There are turnkey businesses available in many different areas of interest. For example, there are turnkey businesses in jewelry, restaurants, and many other product and service industries. The type of business you decide upon should be one in an area of which you have a good understanding of the business. Also think about how much time you have to devote to this business, and whether you want a business that you can pour your heart into or one which will “run itself”.
Then you need to be smart about how to attract readers to your site, because it’s not about building a site and putting up products to sell. That’s what everyone is doing and “Why should they buy from you? If you want to sell something you need be smart and attract readers to your site. A great why to do this, is rather than trying to directly sell products is to write a reviews about the products. I have lots of posts and article about how to do this. So review them on my site here.
Speechless Web Design says, “Many people think that filling their website with tons of low quality and duplicate content is a good way to get great SEO rankings. Unfortunately, it’s boring and doesn’t provide its readers with anything of value.”
The program is Wealthy Affiliate – #1 online business community in the world that helped thousands of people across the globe to build their very own businesses online and it helped me to build my very own business.
As you can see there are a ton of ways that you can make passive income. Hopefully, this list has helped you narrow down which source of income is best for you. So if you’re tired of the traditional way of making money, implement a few of the passive income strategies above so you can start working less and making more money while you sleep today.
I have been a long time supporter of betterment and even did an interview with their CEO in my Betterment investing review. Similar to Wealthfront, Betterment is great at reducing any taxes you have to pay on your investments and they work with you to give you the best financial advice through their algorithms. Unlike Wealthfront, you can actually talk to a human being if you want to. Betterment charges the same fees as Wealthfront, but does not wave the fee on the first $10,000 you invest.
I think a turnkey site is a great idea for a newbie, IF the turnkey price is a good one. There will always be work involved in maintaining and promoting a website, unless you purchase one that has significant traffic and already has long standing income, etc.
A list-building strategy: It’s really tough to sell a program to dozens when your list consists of only 5 people (or 0). Want to kick seriously profitable butt on your next launch? You need community support and a plan of action to get the word out about your great work.
I have a business manufacturing and selling a consumer golf product. I outsource the manufacturing and use software to automate 95% of operations from the production, packaging, fulfillment, invoicing and accounting. I even have software in place to automate and manage my affiliate marketing and sales rep program. I worked on it mostly full time for a few years to get it off the ground but now that it’s profitable, mostly automated and growing steadily it has become a nice passive income while I pursue a alternative career.
To build residual income, you must learn how to leverage other people’s money or time in order to create a recurring income. You need to create something that will attract people in such a way that they will be buying it on a regular basis for a considerable amount of time.
Only thing to keep in mind: they did not start out as passive income. I laid the groundwork and ran each website for at least a year. It’s the only way to get to know the business, solve issues, detect possible improvements, etc. Only if you’re happy with the entire process can you start writing it down and outsource it.
Wealth comes from assets. If you earn $100,000 and blow it all on fast cars and cocaine, you’re worth $0 a year later. If however, you earn $100,000, buy a small apartment and rent it out for $1000 a month, a year later you’ll be worth $112,000: the $100,000 for the house you own, and the additional $12,000 you’ve made in rent. Obviously this is a very simple example that ignores lots of details, but the broad strokes are true.
If it does not exist, create it. If you have an idea-ideas or skills, think of how to use your ideas or skills to create a business and to put it out there to see what it can attract and what you can create. Many successful businesses started with an idea and that idea has become a success “from one person business to global corporations”. Failure is an attempt at success, if you don’t give up and modify each attempt, then each attempt can become a success.
While this is not entirely passive income, it can take a little upfront work but, the returns can be amazing. If you end up giving this a shot, consider getting a maid service to minimize the amount of time you spend on transitioning from one guest to another.
That’s kind of the problem. Those of us that are capable of building something like that don’t actually do the 4 hour work week, ever. We just move on to the next project. I wish I knew how to change that and learn to relax.
A turnkey business is a business that is ready to use, existing in a condition that allows for immediate operation. The term “turnkey” is based on the concept of only needing to the turn the key to unlock the doors to begin operations. To be fully considered turnkey, the business must function correctly and at full capacity from when it is initially received.
Be different in the market place. Buy a professional service business that meets everyone’s driving interest – MAKE MORE MONEY, without having to find and sell others. Discover how day trading is the ideal business to perform and to sell for big profits and low hassle. . . www.BuyADayTradingFirm.com – For more clarity. . . . THREE BUSINESS OFFERINGS We offer three business buy options ranging from $8,700 to $58,100. . . (1) PERSONAL DAY TRADE BUSINESS – Earning ~$200 – ~$1,000+ per day is common. – This is personal day trading for significant income with no need to find or sell anyone. . (1)(a) $8,700 – Pro Funded Day Trade Option – Pays for ~20 hours of private training, up to $100,000 of Group funds to trade, and keep 60% of trade profits, plus more. . (1)(b) $18,100 – Executive Funded Day Trade Option – Pays for ~40 hours of private training, up to $100,000 of Group funds to trade, and keep 80% of trade profits, plus more. . . (2) DAY TRADE MARKETING FIRM (Licensee) – Earn ~$10,000 – ~$30,000+ per month profit minus marketing spend (some are making this plus the same again in monthly renewals). – The Licensee’s role is to market and sell the above Personal Day Trade Businesses and other Marketing Firm Licenses. The Licensor will train, fund trading, …, and complete all other fulfillment. – You would want from $2,500 – $5,000 available for initial marketing. . (2)(a) $40,000 – Buys the franchise outright. ~$2,500 marketing credit provided. . (2)(b) $16,500 – 50% can be financed, so pay $16,500 up front and then about $375 per month to pay off a $16,500 loan (signature loan with no credit check, etc.). . . (3) COMBINATION – Any combination of a Personal Day Trade Business with any form of Day Trade Marketing Firm structure listed earlier. – Do them both at the same time, or either of them first and the other second. . . There is a Personal Day Trade Business, Day Trade Marketing Business, or both for any level of budget and business interest. . . . BE DIFFERENT FOR A BETTER RESULT Do not buy another restaurant of limited income, tight margins, late and weekend hours, constant hiring and training, limiting regulations, profits limited by location or the local economy, and more hassles that it is worth. Do not buy another carpet cleaning franchise, pet service, tanning salon, traditional education store front, etc. or the many other common business franchises. They all suffer from vast expenses and profit limitations. . Offer a unique service and enjoy an expansive market. How many day trade firms do you know. Few if any! The market is wide open and people want to day trade as they can make a little or a lot of money in a couple of hours from home without having to find or sell anyone, without having to buy or ship product, etc. Day Trading is the perfect product to sell. . . . FIVE REVENUE STREAMS Best ensure your success with five revenue streams: (1) Earn 60% or 80% profit sharing from your own day trade profits using Group funds. Keep 100% of day trading profits using private trade funds. (2) Earn ~20% profit margin selling a Pro Funded or Executive Funded Personal Day Trading Business. (3) Earn ~30% from the monthly indicator use fees for a monthly renewal income (25 clients creates ~$2,000 per month residual income) from a high 85% retention. (4) Earn ~20% from the sale of a Day Trade Marketing Firm. Just find a prospective Licensee and the Group will do the rest (answer questions, contract, collect payment, finance, train, etc.). You are not building a downline. The firm simply awards referral growth. (5) Earn ~10% of a Marketing Firm’s monthly earning which you brought into the group. . . www.BuyADayTradingFirm.com provides further details. . . Clients need and want to make more money and you offer the ideal means of making money. . You are invited and welcomed to call, text, or email. Ralph Oakeson 801-680-0516 Call / Text