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The best form of income is repeat (or residual) income where you do the
work once and get paid for repeat purchases. Residual income is also known
as royalties or royalty income as received by authors and artists but you
can generate royalties or residual income from 'ordinary' business
activities.
There are many ways in which this can be achieved but the main principle
is to work ON your business rather than IN it.
A
key option for generating ongoing residual income is through one of the
forms of 'referral' marketing such as affiliate marketing and network
marketing. There are many variations of this principle of 'word of mouth
advertising' some of which require considerably more work than others. We
have identified the pitfalls as well as the significant advantages in this
area and can guide you to select the best options for you and your
business.
We'll work with you to identify how you can adjust things to optimise your
income streams so that your business works for you rather than having you
work for it. |