Category Archives: Passive & Recurring Income

Virtual Real Estate

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How wealthy could you be if you saw untouched real estate in a new area, and bought it all up right before the area saw a boom? You could rent that property out or flip it and make some fantastic passive income.

That’s the dream, right?

It certainly sounds nice. Although the idea of putting up all that money to wait for a return on physical real estate investment certainly is scary.

Still, there are plenty of people who’ve gotten incredibly wealthy in real estate, doing exactly what I described above.

What I’m about to tell you is that you can do the same thing, only with much, much less investment, less risk, and potentially just as much reward.

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Fixed Term Memberships

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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.

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Monetizing Your Content

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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)

Recurring Income from Services

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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?

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Member Retention Checklist

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It’s exciting when members start joining your site and you see all those membership payments pouring into your PayPal account. But it’s a huge punch in the gut when you see a large number of cancellation notices hitting your account. And it’s also a big loss of both frontend and backend revenue if you can’t retain your members. So save yourself some time and start making more money with this member retention checklist…

Provide Good Solutions

This one is obvious – if you want members to stick around, then you need to offer high-quality content that solves their problems. ‘Nuff said.

Write a “Stick” Letter

When people first land inside your membership site, they may be a little overwhelmed by all the materials. This is especially true if you’re offering a vault site or other well-stocked membership. So what you need to do is write a “stick” letter or provide a video tour which shows them around the site and lets them know how to make the most of their membership.

Related to that…

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