Time-based income will always be limited because you only have 24 hours in a day, 7 days in a week and 52 weeks in a year to sell; and you have to sleep sometime, right?
To remove the limits on your income potential, you must disconnect your income from the amount of hours in a day or the time you have for sale. The key to earning income while you sleep is leveraging. This means having a quality product or service that is in demand, and then leveraging off other people’s time, other people’s money, other people’s products and resources.
There are many ways to make money while you sleep. It is all about setting up a number of income-generating systems and then allowing each to do its work. Recurring income streams can be generated online and offline.
The goal is to diversify! So you should set up many different recurring income streams so that if a problem occurs with one, the others will still be working for you. That removes a great deal of the risk of interruption from your overall future income earning ability.
Online income streams usually take some time and effort to set up but they are a lot easier to automate, thereby requiring minimal input from you. Offline income streams generally require a higher level of ongoing input and maintenance because the offline world has fewer tools to automate the process.
In my latest e-book, Recession Riches and Wealth, I show you 10 ways to make money while you sleep. I explain the many options that exist for removing the limits from your potential income capacity.
In the book I also explain over 100 easy and practical business ideas that have the potential to make money for you, particularly in times of recession.
In addition, I explain the 15 Golden Rules of Business that I have formulated. These are the building blocks of a sound business, whether it is online or offline. To ensure that you have everything you need, I give you plenty of useful business tips that lead to business successes, together with the many common traps and mistakes to avoid.
I am an Australian business trainer and financial planner with decades of experience and success to back it up. I will tell you the secrets to income generation, business profitability and wealth building.
The irony is that the secrets aren’t really all that secret. It’s just that few people are trained in these areas; they ignore the basics and fail to do the simple things well. Instead, they turn to the promise of fast money online solutions.
So choose a different path! If you are starting up your own business or want to boost your existing business read Recession Riches and Wealth at http://www.garyweigh.com/blog/recession-riches-and-wealth
Until next time!