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You will find loads of things to keep in mind when building out a webinar. It's not a simple endeavor. However, when it clicks, it is a proverbial money-making machine. Not only do you make money fast, but it is often more than you'd ever dreamed of.Related: 12 Steps for Creating the Perfect Webinar3.
Now, you can do this the easy way and just publish it on Amazon's KDP. Or, you can go out and build yourself a book funnel. Book funnels are powerful, but they won't be completely passive. For example, should you do a free-plus-shipping offer to your ebook (converting it into a tangible book), then you will need to create some one-time supplies (i.e.
an audiobook). But, a book funnel can be very powerful.But, you don't need to go farther than that. You can just write it and print it and accumulate the income. That's all. Send out a couple emails to your list (if you have one) or post it on social media, and there you have it.
Now, the amount of income you receive depends on the caliber of the book you have written. How well can you craft your message How targeted was the information for your audience It counts.If that you want to take it a step farther, you could easily produce that ebook into an audiobook using the Audible platform.
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You can either pay them a flat fee or a royalty from the profits of this audiobook.Related: Want to Write a Book Consider These 3 Self-Publishing Options.4. Do affiliate marketing.One great way to generate a passive income is through affiliate marketing. Now, this will depend on the size of your listing.
Particularly if you're looking to make some serious money and do it on autopilot. However, list-building takes some time. It doesn't happen overnight. And you need to add value to a listing or you become obsolete.Build a list in a specific niche and tell them stories. Produce a bond. Build a relationship together.
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Then, when you have created a little bit of civilization, begin marketing affiliate products or services to them that you think they might like. Just be certain that you personally vet outside whatever it's that you're selling to avoid complaints when the product or service falls short.And if you are wondering if you need a blog or a website to build a listing, you don't.
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And, maybe Facebook ads. But, you can source out anything confuses you.The hardest part about building an information product funnel is coming up with the right hook. There's so much competition out there which virtually everyone has just about done each kind of service or product. The goal is not in recreating the wheel.
In other words, pick a popular sector. What are people buying up like crazy Is it something diet related Can it be money associated So on. Find what's working and build out a better version of it without actually copying it. Add lots of worth and observe as the money comes rolling in over time. .
Of the countless kinds of financial assets that people aspire to, one of the most sought after is passive income. Youve probably heard of both passive and residual income before. You may have even confused both.
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Often considered the gem of financial freedom, passive income is income generated by assets you invested money or effort into in the past that require little to no attempt to maintain today.
There are tons of articles out there confusing passive income with residual income. However, in the financial world, residual income has an entirely different meaning. Also called disposable income, residual income isnt really a sort of income, its a calculation that accountants perform to determine what your income is after paying all expenses and debts.
If youre reading this guide, then youre probably interested in passive incomeand how to earn it. There are numerous ways to earn passive income, including from:
Stock returns: Dividends you receive paid from any stocks you own, which earn you money long after their purchase.
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Investment properties: Rent you get from a property propertyresidential or commercial. Yes, the property needs to be maintained, however, the earnings still stream in each month.