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You will find plenty of things to bear in mind when building out a webinar. It's not a simple endeavor. But, when it clicks, it's a proverbial money-making machine. Not only do you earn money fast, but it's often more than you had ever dreamed of.Related: 12 Steps for Creating the ideal 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 fully passive. By way of example, if you do a free-plus-shipping offer for your ebook (converting it into a tangible book), then you'll need to create some one-time supplies (i.e.
an audiobook). But, a book funnel can be exceedingly powerful.But, you don't need to go further than that. You can just write it and publish it and collect the income. That's all. Send out a few emails to your list (if you have one) or place it on social media, and there you have it.
Now, the amount of income you receive depends on the quality of the book you've written. How well can you craft the message How targeted was the information for your audience It counts.If that you want to take it a step farther, you could easily create that ebook into an audiobook using the Audible platform.
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You can either pay them a flat fee or a royalty out of the profits of the audiobook.Related: Want to Write a Novel Consider These 3 Self-Publishing Options.4. Do affiliate marketing.One fantastic way to generate a passive income is through affiliate marketing. Now, this does depend on the size of your list.
Especially if you're looking to make some serious money and do it on autopilot. But, list-building takes time. It doesn't happen overnight. And you need to add value to your listing or you become obsolete.Build a listing in a specific niche and tell these stories. Create a bond. Build a relationship with them.
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Then, when you've created a little bit of culture, start marketing affiliate products or services to them that you think that they might like. Just be sure you personally vet outside whatever it's that you're selling to prevent complaints if the product or service falls short.And if you're wondering if you need a site or a site to build a listing, you don't.
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And, possibly Facebook ads. But, you can source out whatever confuses you.The toughest part about building an information product funnel is coming up with the right hook. There's so much competition out there that virtually everyone has just about done each type of product or service. The objective is not in recreating the wheel.
In other words, select a hot sector. What are people buying up like mad Can it be something diet associated Can it be money associated So on. Find what's working and build out a better version of it without even copying it. Add lots of worth and watch as the money comes rolling in as time passes. .
Of the countless kinds of financial assets which 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 known as disposable income, residual income isnt actually a type of income, its a calculation that accountants perform to determine what your income is after paying all expenses and debts.
If youre reading this article, then youre probably curious about passive incomeand how to earn it. There are numerous ways to earn passive income, including from:
Stock returns: Dividends you get paid from any shares you own, which earn you money long after their purchase.
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Investment properties: Rent you receive from a property propertyresidential or business. Yes, the house needs to be maintained, however, the earnings still stream in every month.