Making Recurring Income Every Month On Auto Pilot
An old friend came to pick me up for lunch today. Kinda nice to have someone drive right to your office and offer to buy you lunch. The fun thing was, I had received a cheque from the internet, and felt in a generous mood this afternoon, so lunch was on me.
We went down to this nice cosy place at Victoria Theatre, where they served scrumptous Chicken Cutlet and Fish Fillet
:)
And the conversation.. that followed..
Work life in a bank, credit suisse, citibank, opportunities, offers, head hunting, trading, vietnam.
Money.
Then the topic somehow shifted to recurring income.
I'm an advocate of recurring income. A Sale done once, should equate to a lifetime commission. The reason the conversation when to this because my buddy had been offered the equivalent of a basic pay of $5000++ plus COMMISSION.
Pretty sweet deal.
The only issue I had was that every sale done, would count as zero after the month was over, which wasn't really fair, because the company would continue to benefit every month.
But then, that seems the norm.
Property agents that locate a tenant for a property do not collect rent for eternity. Sometimes its limited to just the 1st month.
Another idea I was tinkering around with to earn recurring income was to rent a property space, then sub let it out to another client. Its a sort of arbitrage.
This way we can earn recurring income instead of a 1 time property brokerage fee.
And we can make money from other people's money.
Hmmm.. interesting huh? :)
But, there is a limit to how often this can be done. Imagine I were to rent it and my client has the same ideas. Then this same pattern would go on.
Imagine how high the rent would become..with everyone adding a little margin.
The rental price will cut off at a certain limit.
This same sort of money making venture can be done on the internet. The good thing is that prices stay the same, and the commissions are recurring. No green eyed people unhappy that you're making so much money doing nothing every month and trying to cut you out of the chain.
I am referring to of course, Domain and Webhosting. The good thing is that the prices do not require any markup.
Imagine a property space being rented out to an infinite number of clients, at the same price for all.
Sounds crazy yeah? :)
The money making rules of the offline world don't apply to the online world.
$1000 Recurring Income on AutoPilot
We went down to this nice cosy place at Victoria Theatre, where they served scrumptous Chicken Cutlet and Fish Fillet
:)
And the conversation.. that followed..
Work life in a bank, credit suisse, citibank, opportunities, offers, head hunting, trading, vietnam.
Money.
Then the topic somehow shifted to recurring income.
I'm an advocate of recurring income. A Sale done once, should equate to a lifetime commission. The reason the conversation when to this because my buddy had been offered the equivalent of a basic pay of $5000++ plus COMMISSION.
Pretty sweet deal.
The only issue I had was that every sale done, would count as zero after the month was over, which wasn't really fair, because the company would continue to benefit every month.
But then, that seems the norm.
Property agents that locate a tenant for a property do not collect rent for eternity. Sometimes its limited to just the 1st month.
Another idea I was tinkering around with to earn recurring income was to rent a property space, then sub let it out to another client. Its a sort of arbitrage.
This way we can earn recurring income instead of a 1 time property brokerage fee.
And we can make money from other people's money.
Hmmm.. interesting huh? :)
But, there is a limit to how often this can be done. Imagine I were to rent it and my client has the same ideas. Then this same pattern would go on.
Imagine how high the rent would become..with everyone adding a little margin.
The rental price will cut off at a certain limit.
This same sort of money making venture can be done on the internet. The good thing is that prices stay the same, and the commissions are recurring. No green eyed people unhappy that you're making so much money doing nothing every month and trying to cut you out of the chain.
I am referring to of course, Domain and Webhosting. The good thing is that the prices do not require any markup.
Imagine a property space being rented out to an infinite number of clients, at the same price for all.
Sounds crazy yeah? :)
The money making rules of the offline world don't apply to the online world.
$1000 Recurring Income on AutoPilot
