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There are plenty of things to bear in mind when building a webinar. It's not a easy endeavor. But, when it clicks, it's a proverbial money-making machine. Not only do you make money fast, but it's often more than you had dreamed of.Related: 12 Steps for Creating the Perfect Webinar3.
Now, you can do this the simple way and simply publish it on Amazon's KDP. Oryou can go all out and build yourself a book funnel. Novel funnels are strong, but they won't be fully passive. By way of example, should you do a free-plus-shipping offer to your ebook (converting it into a physical book), then you'll need to produce some one-time offers (i.e.
an audiobook). But, a publication funnel can be very powerful.But, you don't need to go farther than that. You can simply write it and print 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 get depends on the caliber of the book you've written. How well can you craft the message How targeted was the information to 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 proceeds of the audiobook.Related: Want to Write a Book 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 a listing or you become obsolete.Build a listing in a specific niche and tell them stories. Create a bond. Build a relationship with them.
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Then, when you've established a little bit of culture, begin marketing affiliate products or services to them which you think they might like. Just be certain that you personally vet out whatever it's that you're selling to prevent complaints when the product or service drops short.And if you're wondering if you need a site or a website to build a list, you don't.
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And, maybe Facebook ads. But, you can source out whatever confuses you.The hardest part about building an information product funnel is coming up with the right hook. There is so much competition out there which practically everyone has just about done every kind of service or product. The objective is not in recreating the wheel.
In other words, pick a popular sector. What are people buying up like mad Is it something diet related Is it money related So on. Find what's working and build out a better version of this without even copying it. Add loads of value and observe as the money comes rolling in over time. .
Of the countless kinds of financial assets that individuals aspire to, one of the most sought after is passive income. Youve probably heard of 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 effort to maintain today.
There are tons of articles out there confusing passive income with residual income. But 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 work my sources 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 stocks 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, but the earnings still flow in every month.