15 Fast Ways to Create Passive Recurring Income
Learn today the 15 ways you can create a passive and recurring income. In today's episode, Rob discusses how utilising affiliate programmes can allow you to create a passive income, the difference between adverts and sponsorships on your YouTube and Podcast content as well as how you can create a passive income by monetising your intellectual property.
KEY TAKEAWAYS
Affiliate revenue is a way to create a passive income. You may know of certain companies' products or services and you could refer to these products or services to other people. You can become an affiliate or an ambassador for companies which will allow you to create a passive income.You can also create your own affiliate or ambassador programme. If you offer 10% commission for each person they sign up this can encourage new customers. Make sure your links and the clients are tracked well and there is good transparency of that. Pay on the revenue that is generated quickly to encourage ambassadors to keep going.
Ad revenue on social media platforms can allow for a passive income stream. If you do YouTube videos, Facebook lives or a podcast then you can run adverts on those platforms. You can make hundreds of pounds from adverts on podcasts per number of downloads. As you build a following and produce more content the more ad revenue you can create.
Sponsorships from companies will allow you to create recurring income. A sponsor is someone who actually sponsors your show. Their adverts stay on your show and they essentially own your episode. Sponsors can get their own pitch posts and their own weekly shout outposts. You can get more money for sponsorship that you can from adverts.
Intellectual property is a huge way to create recurring income. Creating courses, webinars or any online content that you can charge people for can allow you to create an income. It is not passive and recurring if you are delivering it but it might be recurring if you automate it through online recorded webinars and online recorded courses.
Build a team who does the work for you. If you have a sales team or a marketing team then you are not doing the work so you do not have to do the revenue generation but your staff do. You can focus your energy on strategy, vision leadership and growth.
BEST MOMENTS
“Once you get traffic, you will rank well and have an influx of incoming traffic and then you will have passive of recurring income stream.”
“You have to work hard enough not to have to work hard.”
“Fan funding is a huge new thing. It helps you monetise your following, it is a nice change from having to do free on rent and not get paid.”
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
