When you got started in your business, did you envision yourself getting trapped in the overwhelm of it all? OR did you get into business to make things easier for you? If your business pays you by the hour (meaning if you don't work you don't get paid), then you're just a glorified employee, and it's time you got more mileage out of the business without compromising the quality of life you desire. On my wall I've pasted a statement that says 'Less work, Less effort, More impact, More money'. That is the principle that guides my business efforts. And because that principle is on my mind at all times, I continue to get ideas of how to bring it about. I would like to share some ideas with you. It doesn't matter what your business is. You can create various sources of income from it, that bring you passive income and give you more time to enjoy the fruits of your labour. The underlying question that I ask myself is 'how can I create passive income streams that *serve* even more clients than I could possibly reach on a one-to-one basis?' As long as I keep my thought process outbound (focusing on how I can 'serve' as opposed to how I can 'get'), the answers come flooding back. Ideas For Creating Multiple Streams of Passive Income.
==================================================== - Write a book and sell it online or offline. No, this is not as hard as it sounds. You are an expert at what you do. So why not tell the world about it? I've always said that 'if you can talk, you can write'. You don't have to be a literary genius to write a book that people will enjoy and benefit from. Another easy way to 'write a book' - assemble a collection of articles you've written over time and package it as a book. You don't even have to be the author of the articles (though for the sake of your business it is best if you are) - you can compile articles (relevant, similar topics) from free article archives and package them into a book with you as 'editor'. There are so many ways you can do this. The ideas will flood your mind the moment you *decide* to do it. - Create licenses for your products where applicable. Again you have to be creative here. How can you package your core product or service into a licensable product? How can you make it more appealing to a wider audience? - Create audio products and sell them online and offline. These can be MP3 recordings or tape and cd products. What can you talk about? How about what you talk about everyday? How about educating us on how your product or service makes our lives easier? Again, you don't have to have any special skills to do this. I know of a woman who does all her audio recordings at home. Packaging included. Where there is a will you'll find a way to do it. - Create a network of affiliates or other form of distributors to help you market your products and services. I once marketed one of my teleseminars that way - paid everyone for each referral. That gave them an incentive. For more ways on how you can use this sort of business model to market your products and services, visit www.resetyourwealth.com There are of course many other ways that you can 'work less and make more money'. The ideas will come to you just as soon as you decide to do it. Spend some time each day (as little as 15 minutes each day is enough) just thinking of ways to increase your passive revenue. You'll be amazed at the ideas you generate. Be sure to write them down as they occur to you though, otherwise you could forget them and the thinking time would have been a waste. |
