Although many people have understood the possibility they have of making money online , they are not yet clear on the importance of generating recurring and passive income at the same time . In this post I want to explain the secret to get a stable Internet income.
Most people live on active income . We could divide almost everyone in these two categories of people:
- People who work 40 hours a week (sometimes more) with a set schedule, that is, do what they are asked for during a set schedule. They can not choose what to do or when to do it.
- Entrepreneurs who have set up their own business, but in most cases tend to work more than an employee because they must deal with different factors: company operation, employees, customers, expenses, etc.
These are the two options that the system puts on a plate, as if these were the only two possibilities we have.
Even from school we are taught, educated and prepared to spend the rest of our lives enslaved to a job of 8 hours a day. How much we are taught that if you are brave and enterprising, you can start your own company to "earn a lot of money".
The problem is that although you can really make a lot of money , your company or business absorbs you so much that you do not have free time to enjoy that money.
I have it clear: there is another way to make a living
There is another way to make a living without being a slave to work
DO IT
If you are a regular reader of my blog, you may be one of the people who have realized that there is really another way to generate income.
Yes. We refer to passive income .
What are passive income?
You know that there are methods on the Internet that allow you to generate income passively, that is, income that is generated automatically or semiautomatically without the need of your physical presence or that you are working actively when the income is generated.
EYE!
Not all online businesses generate passive income .
There are businesses on the Internet that although they generate income 24 hours, they require many hours of work to keep them running, such as an online store, where you have to be aware of orders, make shipments, serve customers , manage returns, control stock ...
An example of passive income is the income that I generate with my blog.
Thanks to the sales funnel that I have developed in it, of the people who come to my blog, a percentage is subscribed through the different subscription forms. These subscribers automatically receive my free blogging course, and from them, a percentage ends up buying a course that I recommend as an affiliate, which generates a commission on my account, also automatically.
Throughout this process, I may be working on my blog, or may be eating, sleeping or walking on the beach.
Many people who undertake on the Internet, come to generate passive income , but they do not achieve it in a stable manner. Maybe one month they generate € 500 for the sale of 10 products as affiliates, but the next month they only get a sale and their income drops to € 50.
This is because they have not understood the concept of recurring income.
Recurrent income What are they and how to generate them?
What are recurring revenues?
Recurring revenues are those that are obtained with some stability, repeating them again and again . Usually on a monthly basis.
Examples of recurring income
A businessman who has a hygiene products business gets a recurring income by selling toilet paper every month.
You get a more or less stable income from the sale of your products since we need the role of the vater every day.
The problem is that you have to work actively for the continuous operation of your company.
Another example of recurring income is the salary an employee gets for his or her work. You get a salary of € 1,000 for your work and this income is repeated on a monthly basis.
The problem is the same, the employee must work actively during a pre-established schedule so that this income is repeated month after month.
If you stop working, the recurrent income from your salary is over and you will be looking for a job or in the INEM queue.
Are there recurrent revenues on the Internet? The secret of stable online income
The first step for a person who feels a slave to their job and wants to live in a different way, is to get a source of passive income, that is, income generated without their active work or their physical presence.
The Internet offers us different methods to generate income of this type, such as a blog on any topic that you are passionate about.
But the thing Don "t stay there.
Not only do we have to focus on generating passive income, but these revenues are also recurring income. Income that is repeated again and again.
The Internet offers you the possibility of generating passive and recurrent income at the same time.
DO IT
In this way, you will not only earn extra money without having to sell your time, but you will also have the assurance that your source of income will not dry from one day to the next.
When in my blog I get the sale of a course that I recommend as an affiliate, I get a commission of 50% of the value of the course, but it is a single income that does not happen again. The reader who has purchased the course, only does it once. Do not buy the course over and over again.
This is what makes many blogs that still do not receive a large amount of web traffic (between 100 and 500 visits per day), do not generate a stable income every month.
If you have created a course that you sell on your blog and it has a price of € 100, if you get it from 5 people in a year, that year you will generate € 500.If you create a training platform with a monthly fee of € 20, if those 5 customers subscribe for a year, each client will generate € 240 per year, and in total you will receive € 1,200 per year for the 5 customers.
In addition, it is very likely that a percentage of those customers will continue to subscribe to your platform longer.
Examples of recurring income on the Internet
Training platform with monthly fee
This method consists of creating a membership website with restricted content, and only accessible for users who pay a monthly or annual fee.
Some examples of membership sites are:
- Joan Boluda
- once
- TeamPlatino
Products with monthly fee
An example could be a premium WordPress plugin, where the blogger who wants to use it has to pay a monthly fee.
Services with monthly fee
There are services that we all have contracted for which we have to pay a monthly fee.
An example is the hosting that every blogger or person with a web page has to hire.
As affiliates we recommend products, there are hosting providers that pay you a single commission for each client that decides to hire a hosting through you, but there are also suppliers that pay you a lower commission but continuously, month by month, throughout the time that the client has the hired hosting.
I have a number of clients who have contracted their hosting with Raiola Networks, and Raiola pays me a monthly commission as affiliate for each of these clients.
In this way I can be generating recurring income for 5 years with a client who hired a hosting through me 5 years ago.
conclusion
If you have a blog on the Internet and you want to generate recurring income , the quickest way is to recommend how to affiliate products or services that require a monthly fee from the customer.
In this way you will ensure that your income, not only generated without your presence or active work, but also lengthen in time indefinitely.
