Leverage Income: Make Money With Less Work
In my previous post, I talk about the key to passive income is assets. There are two other types of income I have not talk about. They are leverage income and residual income.
Leverage income is income derived from works performed by other people. The main key to leverage income is that you do little if any work to get money. You make money off of other people’s labor.
Leverage income can be extremely powerful. Imagine this . . . you developed an outstanding home - based business that is sure to work and anyone can easily do it.
You decided to sell your business idea along with its tools. After much deliberation, you decided to use an affiliate program to help you sell your business idea. (Also called a revenue sharing program or a partnership program, an affiliate program is a program in which you typically sign up with a merchant to sell or advertise their products and then they give you a commission based on the sales you generate.)
Steve stumbled upon your business online and joins your affiliate program. Steve has an associate in England by the name of Tom. Tom comes aboard and also joins your affiliate program. Through Tom’s effort, Chen in China joins your affiliate network. This cycle continues on and on.
Through your affiliate program, you have set in motion a chain of events that now has people working indirectly for you across the globe! Through each of your affiliate’s effort, you are getting a fat monthly paycheck without you doing any work.
This is the power of leveraged income. It is your effort multiplied over and over again and each multiplication is making you more money.
Here are some more examples of leverage income:
- A business franchise is the ultimate form of all leverage income. The franchisee pays you royalties for the use of the business name, concepts, sauces, advertisements, and etc. Think about the amount of money you collect each month if you have near hundreds of franchisee paying you royalties. Without a doubt, the total amount can be absolutely fantastic.
- You created an eBook that shows people how to become an eBay powerseller and uses affiliates to promote and sell it for you on commission. Similar to what I just talk about above.
- A network sales person who uses the leverage of his downline and receives commissions on the sales made by people in his downline.
There are other forms of leverage income. Again, the main key to leverage income is you make money through other people’s labor.
Next time I will talk about residual income and why it is better to combine leverage income and residual income. See you next time.
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