I’ve said it before – content is currency on the web. If you have great content, then you have a great business. But, you have to know how to monetize it. You also have to know what each piece of content you create means for your business. What are your goals for your content? Also, consider whether you’re getting every last drop you can out of your content. Use your content well and use it in more than one way. Content can help you make sales. You can sell reports and ebooks, for example. Or, some of your articles might promote your own products or products as an affiliate – now there are even more sales in your pocket. Continue Reading (only available for IMIT members)
Category Archives: Passive & Recurring Income
Recurring Income from Services
When you get involved in freelance writing, virtual assistant work, graphics work, or another kind of web-based service, it’s easy to feel like a hamster in a wheel. You have to keep going if you want to earn money. If you don’t perform, get new clients, and constantly step up your game, you don’t earn.
That’s the downside of services. But, there are certainly many upsides. Services are very much needed. It’s important that there are good service providers out there like you. Smart business owners will keep you in business.
Still, it’s hard to get away from the fact that you’re trading time for money. You dream instead of having recurring income. That would give you a bit more security and comfort and allow you to scale your business up in major ways. You wonder—is that even possible when you’re a service provider?
Fixed Term Memberships
Membership sites offer a great way to build your passive and recurring income. They’re helpful and valuable to your customers and you get the security that comes from having people pay you month after month.
One thing many people concern themselves with when it comes to membership sites is retention. How are you going to stop people from cancelling? How can you ensure that you get the most money for the time you put into your site?
And, no matter how much you love and enjoy your membership site and appreciate the income it brings you month after month, it’s easy to get burned out. That might seem impossible right now if you’ve never run a membership site before, but it happens to the best of us.
The Membership Ideas Checklist
Your very first steps when you’re setting up a membership site are to decide on these two things:
- The topic and niche of your membership site.
- The model for your membership site.
Use the following checklist to walk through these decisions so you can get your site of to a good start…
Add Your Passive Income Streams
Note: This article is extracted from the Earncome training program that I’ve licensed, and some of the content might reference that program and/or its author, Jimmy D. Brown.
After you have chosen a “special deal” to create, it’s time to make sure that you maximize the profitability from your endeavor.
That is, you want to add in some additional ways to make money beyond the sales from the “special deal” itself.
In other words, you want to sell other stuff.
Let me propose five ways…