From a financial perspective, blogs usually sell for 24 times their monthly income. So if the site generates $250 a month in income, you can likely buy it for no more than $6,000. Translation: a $6,000 investment will buy you $1,500 per year in cash flow.
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All encompassing turn-key solution to your electronic publishing needs. No need to spend years and millions developing an in-house platform. Everything you need to quickly transition to electronic publishing, viewing and management of editions is included. Whether a single weekly shopper publication, large scale magazine or national newspaper, ePubLive can handle any task. You, the publisher, are in full control! Multi-tiered Publishing Portal technology allows publishers to upload content for digital publishing. Subscriber pay-wall and Free Pub options supported. Social Media piece allows subscribers to build profiles and interact with each other to build cross-pub promotion. Unique one-of-a-kind technology parsing method quickly converts the publishing piece (PDF) to an electronic document in ready-to-view format on the ePubLive portal. Hotspot editor allows publisher to quickly and easily “tag” specific content (words, images, etc) with a direct hot link to a video, picture gallery, email, article, and more.
I am simply trying to find a “template” that I can put this content into, but include things like AdWords or others in the sidebars and banners, and have those items populate themselves, in an automated fashion.
The purpose of implementing the turnkey business concept is so you can add resources that can immediately begin to increase productivity. If you’ve developed mini-repeatable processes, you can scale your business whenever you have the need – if you have more work than you can handle, you can easily identify what needs to be done and then task that out. Just plug them in and they’re off.
Even if you have employed managers and employees, you’ll need to talk to them and monitor them if you want them to be productive and to run your business/investment better. You also need to market your investment on various social media platforms to build your network and brand.
If you’ve got a book you’re itching to write, you can still go with the traditional publishing route. (We published our first book using a traditional publisher.) Whether your book is fiction or non-fiction, a publisher can help get your book into print and onto shelves in both online and traditional book stores. This is still a good route, although it may take more work and be more expensive than some other options.
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.
Active income comes as a direct result of our efforts. This is when we work for one hour and get paid a certain amount for that hours work. This can be seen in wages, salaries, and self-employed service providers like lawyers or doctors.
Another example of residual income is the money that a musician continues to make on a song several years after its official release. This happens when the musician transfers ownership of that song to the record company, who then pays the artist royalties for every copy sold. This type of income is commonly referred as “royalties.”
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First, let me explain what a turnkey website business is. Essentially, all aspects of the website have been designed for you. It is professionally designed, pre-built with proven income producing capabilities and ready to begin promoting from day one.
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Starting a blog is super cheap and fairly easy. For less than $10 a month in expenses, you can easily get your blog up and running. I mean, how many hobbies do you have that cost that little AND give you the chance to make money on the side?
Even better, the Chase Sapphire Preferred® offers 50,000 points worth $500 in cash if you’re able to spend $4,000 on your card within the first 90 days. That part isn’t residual, but it’s still a huge perk!
For example, say you hope to earn $10,000 each year in rental income but you’re paying $2,000 each month in mortgage and $300 every month in taxes. You would have to charge approximately $3,150 in rent each month, which may be extremely unreasonable in your local market.
If you’re young and want to watch your stocks grow over many years, you might only invest three to five percent of your total stock options. If you’re retired, you may want to invest 10% or more to see a faster return.