![]() ![]() It’s a beautiful program that works in most corners of the world. Buying and holding real estate allows an entrepreneur to grow his/her net worth exponentially by having the tenant pay down the majority of the debt over a fixed number of years. Owning investment real estate is a proven model that works consistently. One of the oldest and truest forms of passive income has been the landlord model. That said, emerging market corporate debt has to be watched closely as exchange rates and other factors can impact profitability. ![]() While interest rates are low in North America, that is not the case in other parts of the world, particularly in emerging markets. However, buying corporate bonds will result in somewhat passive income after careful curation of the bonds. There are a lot of amazing (and safe) deals out there-you only need to be able to find them. That can be deals like short-term loans (guaranteed), buy and sell opportunities or great small properties with good rents. I have a deals manager on my team who searches all day for very nice short-term investments. ![]() Therefore, business owners need to screen the stock market for cash flow positive businesses and not only be on the lookout for the next possible digital global player. These investments promise payback in terms of dividends, not only growth. To increase their passive income, business owners can consider stock market investments. We've recovered up to 30% of lost sales by implementing this easy automated email reminder. One easy passive income idea to increase cash flow for online businesses would be to send a reminder or "abandoned cart" email to all of your clients or customers who put your product in their shopping cart or start to fill out the payment form, but did not complete their purchase. Automation is the ultimate fix for the bottom line and passive income! - R. These systems will allow a business leader to be more efficient and at a lower cost, which increases the bottom line. There are many cost-effective apps and technology items available for the modern-day entrepreneur. Nearly any enterprise can create passive income by implementing automated systems. For example $25 per month, with 2,000 customers, is already half a million dollars worth of business. Once you get a few thousand hits a month, start to charge businesses a small monthly fee to be featured. Build a content stream, and get other businesses to contribute or co-create content to drive traffic. Set up a digital news platform that complements your business. There is still work involved, so it might not be completely passive, but partnerships are the key to any business driving revenue from multiple angles. Establish good partnerships or white label your products and let someone else handle the marketing and sales. In the tech world, partnerships are the key to passive income. If you’re smart about it, you can outsource the bulk of the work to freelancers or contractors. There is no better long-term investment than creating high-quality content that aims to sell an affiliate product. Invest in content and promote affiliate products on your website. Abigail Aboitiz, 247 Health Solution LLC Podcasting is a way to connect with amazing leaders in your niche and talk about relevant topics affecting your bottom line. The power of the internet makes everyone your neighbor. ![]() To me, a podcast is the way to go because you are able to connect, create and attract an extremely large audience. The truth of the matter is time is far more valuable than money but applied time can create wealth. George Csahiouni, Swoop Business Solutions This helps increase cash flow while deferring costs. More importantly, a great benefit to gift cards is that as a business owner you are able to accept payment for a product which is not delivered until a later date. You can tether gift cards with a loyalty program to get consistent and repeat customers. Implementing a digital gift card program is a great solution for small business owners. This way you won't have to worry about the next month's revenue projection as it will be more predictable. Even if you’re in consulting or services businesses like mine, you can adopt a subscription-based model by discounting one of your services and offering it on a recurring basis. If you are in the subscription-based business, then your income is already more passive than if you are in the services industry. Just make the introduction and if it turns into a deal, you have a check coming. Don't get too involved that's not your job. Then make introductions to people within your network that may need their services. Establish a relationship with a few trusted businesses (and their sales reps) that offer a residual or one-time payout for referral leads. Leads-you have them, and businesses want them. ![]()
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