Exclusively from the stage of the Recurring Income Summit. Rob breaks down 16 of his guaranteed ways to generate powerful recurring income. With strategies ranging from sponsorships to writing a book, there is something for everyone to start their own journey to financial freedom.
KEY TAKEAWAYS
1. Books
Books can be purely digital or print on demand, so they are not expensive to produce or store. Writing a book is a powerful long term residual income strategy for decades to come.
2. Audio
Clubhouse, Podcasts and Audible have got everyone interested in the format. You can take that book and then also have it on audible and Blinkist and then create an online course from it and build into a subscription platform. Creating multiple streams of income from one asset.
3. Royalties
Ongoing payments for existing books, content or creations. Licensed out in an ongoing way. Modern technology like NFT’s make this much easier.
4. Crowdfunding
Being supported by your fans or followers. Using platforms like Patreon, Facebook Stars or Kickstarter. A new digital way to directly monetise your audience, cutting out the middle men.
5. Subscription
Membership sites, newsletters or content creating consistent monthly income. Can be done in any industry, much easier than ever due to technology, simply provide ongoing valuable to the right audience.
6 & 7. Affiliates
Work with other business and creators to promote their products and earn a commission helping sell the. Have others be affiliates for you, paying them and getting sales for no effort.
8. Intellectual Property.
Copyright a System, Process Information or Brand. Licensing the long term value of this to others for a fee. Brands and IP can be incredible long term earners.
9. Franchise
Create a standard operating procedure or manual from it, and then you sell it. License, like subway or McDonald’s, a very powerful model if you've already built a business.
10. E-Commerce
Building and selling through an online store. Think of Amazon, shoplift, eBay etc. Physical products can be made and shipped on demand, allowing this to be hands free.
11 & 12. Ads & Sponsorship
People will pay you an amount of money to have their brand exposed to your audience. You can do this on all channels and even do more in-depth integrations with sponsors that align with your brand closely.
13. Money Lending
Once you get capital, as long as you get good security, you can use your capital as an asset to create recurring income through lending with an interest rate.
14. Property & Real Estate
Investing in property, renting it and holding it for long periods is one of the most stable and profitable ways to generate safe, secure recurring income.
15 & 16. Stocks and Businesses
Putting capital into stocks or investing directly in distressed business. Post pandemic there are huge opportunities for a savvy investor.
BEST MOMENTS
“Recurring income is residual recurring and relentless. It's passive. It's ongoing. It comes in every day, every week, every month, every quarter.”
“If you want freedom, flexibility, autonomy control over your life. Then you need recurring income. You need control over your own assets.”
“Your best digital asset is your personal brand.”
VALUABLE RESOURCES
https://robmoore.com/
bit.ly/Robsupporter
https://robmoore.com/podbooks
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
