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Easily Transform Your Marketing Efforts into Hundreds or Thousands of Dollars in Residual Passive Income

Guest post by: Tammi Metzler

Article Overview: Discover how you can turn your marketing efforts into residual passive income streams of $500, $1,000, or more each month with minimal initial effort. Within the next 30-60 days, you could begin drastically cutting your work hours while your income shoots through the roof, all with just a few simple steps.

Easily Transform Your Marketing Efforts into Hundreds or Thousands of Dollars in Residual Passive Income

If you’re marketing yourself on even a semi-regular basis, you can leverage that time and effort into passive income that can send an extra $500, $1,000, or more flowing into your bank account each month. Even if you’re not marketing regularly, you can start now and begin working towards passive income streams within the next 30-60 days. We entrepreneurs tend to work ourselves into the ground, but with the beauty of the Internet, now you can use your knowledge to get paid more (in some cases, MUCH more) for working less (potentially even cutting your workload in half). It’s really much easier than you might think. If you’re at all intrigued by the thought of passive income, check out the following methods of turning your regular marketing efforts into recurring income that will come flowing into your bank account day after day, with little to no extra effort on your part.

Passive income idea #1: Turn your articles into an ebook

If you’ve written seven to ten articles in your area of expertise, you have a strong foundation for an ebook that you can sell for passive income. Of course, you will need to make sure that the articles fit well together under one main topic idea (you wouldn’t want to have an article on gardening in an ebook about building a business online, for example). Then you would just need to organize and polish the articles so the ebook flows well from beginning to end, add an introduction and conclusion to wrap up any loose ends, and you’ve got a great source of passive income!

Bonus: Published authors gain instant credibility as experts in their field, so that ebook that you wrote for a passive income source could help persuade more clients to work with you one-on-one. They’ll see that you know what you’re talking about and will be eager to see how you can help them find solutions for their individual situations.

Passive income idea #2: Record your teleclass or teleseminar

If you’re offering a teleclass or teleseminar that provides a nice chunk of valuable info, you can turn around and package it (or them, if you hosted a series of calls) for potential clients to listen to. It doesn’t really matter if you offered the original call for free or paid access, but it is a good idea to make sure the call isn’t available for free on your website (or anywhere else online, for that matter) if you’re trying to sell it now. If you don’t currently have a teleclass or teleseminar, there’s a simple solution: create one! Pick a topic, write out a few bullet points, and start promoting it. Take an hour or two to collect your thoughts, then you’ll need an hour for the teleseminar and another couple of hours to get it ready for sale. And presto: you’ve got a fantastic product to sell on your website!

Bonus: You can include a downloadable MP3 recording of the call and PDF transcript (if you so choose) as part of the purchase price, and then offer an upsell option that will allow listeners to order the recording and transcript in a physical CD and printed transcript that will be shipped to their homes. This way, you can increase the convenience factor for people who want to listen to/read your words of wisdom on the go.

Passive income idea #3: Package your process

Okay, so this isn’t really turning your marketing into passive income per se, but this idea is important because it will not only help you gain passive income, but like with the ebooks mentioned above, packaging your process can help ease clients into working with you. After purchasing your materials, potential clients might see that you are just what they need to move their business/life/etc. forward. By providing such a deep look into your process for helping people, you’ll also be building trust with your potential clients. Some of them might stop at purchasing your package, and that’s okay, because others will most likely decide that they can’t (or don’t want to) do the work on their own. Who will they turn to for help? You, of course – the expert in their mind! To get started with packaging your process, start by documenting what you do to help people. You probably already have a process that you might not even be aware of; start writing it all down, and then put it together in a workbook format.

Bonus: In addition to passive income, you’ll also be making your own job easier when a new client hires you. Instead of reinventing the wheel with each new client, you can simply walk through the process you’ve already documented, potentially shaving hours off of your client preparation process.

If you put even one of these tips into place, you can start growing your passive income streams. Once one of your passive income streams is in place and flowing well, move on to the next. Before you know it, you’ll have a nice chunk of passive income streaming in each month!

© 2009 by The Write Associate

NOTE: You’re welcome to re-use this article on your website or in your e-newsletter as long as it remains complete and unaltered, including the “About the Author” section at the end.

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Article Tags: marketing efforts, passive income streams, residual passive income



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