The Money Podcast 9 Ways to Create Recurring Income (Part 2)
Stop wasting your time having to do the same tasks over and over again to make money. Find a way to create recurring income that works for you, where you set something up just once but you continue to earn on it for weeks, months or even years! Listen in to this episode where Rob continues to outline key ways you can do this, liberating yourself and the way you make money.
KEY TAKEAWAYS
- If you’re going to exchange your time make sure you create an asset so that you can earn on that asset on an ongoing basis.
- Spend 70% of time on your main income stream, 20% on you secondary one and then 10% of your time on all the others. You can then start to build a conveyer belt of income streams.
- 9 Ways to Create Recurring Revenue
1) Intellectual property
2) Creating a franchise
3) Ecommerce
4) Ad Revenue
5) Sponsorship
6) Investing (in stocks or companies)
7) Creating Information
8) Money lending
9) Property/Real Estate
BEST MOMENTS
“Where you actually would probably refer a product anyway…why don’t you cut a deal with them”
VALUABLE RESOURCES
bit.ly/Robsupporter
How to Sell Anything to Anybody by Joe Girard
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