When you got started in your business, did you envision
yourself getting trapped in the overwhelm of it all? OR did
you get into business to make things easier for you?
If your business pays you by the hour (meaning if you don't
work you don't get paid), then you're just a glorified employee,
and it's time you got more mileage out of the business without
compromising the quality of life you desire.
On my wall I've pasted a statement that says 'Less work, Less
effort, More impact, More money'. That is the principle that
guides my business efforts. And because that principle is on
my mind at all times, I continue to get ideas of how to bring
it about.
I would like to share some ideas with you. It doesn't matter
what your business is. You can create various sources
of income from it, that bring you passive income and give you
more time to enjoy the fruits of your labour.
The underlying question that I ask myself is 'how can I create
passive income streams that *serve* even more clients than I could
possibly reach on a one-to-one basis?' As long as I keep my
thought process outbound (focusing on how I can 'serve' as
opposed to how I can 'get'), the answers come flooding back.
Ideas For Creating Multiple Streams of Passive Income.
====================================================
- Write a book and sell it online or offline. No, this
is not as hard as it sounds. You are an expert at what
you do. So why not tell the world about it? I've always
said that 'if you can talk, you can write'. You don't
have to be a literary genius to write a book that people
will enjoy and benefit from.
Another easy way to 'write a book' - assemble a
collection of articles you've written over time and package
it as a book.
You don't even have to be the author of the articles (though
for the sake of your business it is best if you are) -
you can compile articles (relevant, similar topics) from
free article archives and package them into a book with you
as 'editor'.
There are so many ways you can do this. The ideas will flood
your mind the moment you *decide* to do it.
- Create licenses for your products where applicable.
Again you have to be creative here. How can you package your
core product or service into a licensable product? How can
you make it more appealing to a wider audience?
- Create audio products and sell them online and offline.
These can be MP3 recordings or tape and cd products. What
can you talk about? How about what you talk about everyday?
How about educating us on how your product or service makes
our lives easier? Again, you don't have to have any special
skills to do this. I know of a woman who does all her audio
recordings at home. Packaging included. Where there is a will
you'll find a way to do it.
- Create a network of affiliates or other form of distributors
to help you market your products and services. I once
marketed one of my teleseminars that way - paid everyone for
each referral. That gave them an incentive. For more ways on
how you can use this sort of business model to market your products and
services, visit www.resetyourwealth.com
There are of course many other ways that you can 'work less and make
more money'. The ideas will come to you just as soon as you decide to
do it. Spend some time each day (as little as 15 minutes each day is
enough) just thinking of ways to increase your passive revenue. You'll
be amazed at the ideas you generate. Be sure to write them down as
they occur to you though, otherwise you could forget them and the
thinking time would have been a waste.
Dr Kem Thompson is a Wealth & Success Coach, Speaker, Author. She teaches individuals how to create wealth with integrity, and achieve true financial freedom. Financial freedom starts with financial intelligence, so begin your education by subscribing to the FREE ezine, 'Reset Your Wealth' here: http://www.resetyourwealth.com
