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Residual Ideas?!

by biz2mob
13 replies
Working on my residual income, looking for something else to pull about $500/mo more from, I'm ready to make calls IDEAS?!
#ideas #residual
  • Profile picture of the author CollegeCEO
    Try selling websites? If you feel comfortable making cold calls, just get a phone book and start calling all the businesses that don't have websites.
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  • Profile picture of the author Aaron Doud
    How much work do you want to do per month for that $500?

    And how many customers do you want that spread over?
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    Aaron Doud - Sales & Success
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    • Profile picture of the author Claude Whitacre
      The best residual idea I ever implemented was a marketing newsletter that went out to a few hundred business owners a month. $39.95 a month for a 16 page newsletter (I wrote it all) and a CD of me interviewing an expert.

      For four years, it produced between $8,000 and $12,000 a month in business, (about 90% was profit). I built my subscriber list by speaking (to groups) and with a website. After four years, I stopped. My heart wasn't in it any more.

      I'm thinking of starting it up again. A combination marketing, selling, online marketing newsletter. Maybe. But it took me 20 hours to write, and deadlines never go away.
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      • Profile picture of the author jayspann
        Originally Posted by Claude Whitacre View Post

        The best residual idea I ever implemented was a marketing newsletter that went out to a few hundred business owners a month. $39.95 a month for a 16 page newsletter (I wrote it all) and a CD of me interviewing an expert.
        I think this can be a real winning idea. I helped a gal market a PLR newsletter sold to chiro's to provide to clients.

        She was charging 37 a month for 4-5 pages each month and it sold WAY better than I expected it too.

        Of course don't call it PLR to a business owner... I doubt they know what that even means... we called it a client retention newsletter.

        Come to think of it.... Not sure why I'm not doing something like this.

        Why do we always abandon the stuff that works instead of watering our own grass? Or is that just me?
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        • Profile picture of the author Claude Whitacre
          Originally Posted by jayspann View Post

          I think this can be a real winning idea. I helped a gal market a PLR newsletter sold to chiro's to provide to clients.

          She was charging 37 a month for 4-5 pages each month and it sold WAY better than I expected it too.

          Of course don't call it PLR to a business owner... I doubt they know what that even means... we called it a client retention newsletter.

          Come to think of it.... Not sure why I'm not doing something like this.

          Why do we always abandon the stuff that works instead of watering our own grass? Or is that just me?
          I stopped sending the newsletters because I began dreading the deadlines, and I have other businesses. But the content I created became articles, parts of books, reports, and other marketing material. So I do miss that part.

          My newsletter was original content to help my subscribers sell more. It wasn't a newsletter to send free to end consumers (or business customers).

          If you are going to go the route of supplying your clients with done newsletters to send to their customers, I would advise that you take care of printing and mailing.

          First, it's easier to sell, has a higher markup, and you can farm out the printing and mailing.

          If you are doing everything for the client, you can average thousands of dollars a month in composing and printing markups...just from one client.
          You are using their mailing list, and it forces them to actually implement the idea.
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  • Profile picture of the author Adrian Browning
    Banned
    First... ask yourself, is $500 worth it?

    Then ask yourself, should I be pleased after having only generated $500 within a space as huge as 30 days?

    Then, after all of that is said and done, find a quiet corner in your house - block out all of those nonessential distractions - close the curtains so that you'll be alone and shielded from any onlookers - sit down on your favorite arm chair, get really comfortable... and then question yourself until you discover which demon it was that convinced you to set the bar so low that even the worlds most savvy Limbo dancer would have no hope of maneuvering beneath it.

    How shocking it is...

    But you know what, everyone starts somewhere and 'even then' such a pittance of a figure shouldn't even be mentioned out in public let alone be the basis around which you have based your ambitions...

    You wan't to make "residual" income? Hell, it will cost you more than $500 along the way - that - i can assure you.

    I'll tell you something that Samuel Palmisano told me over a Lobster and Scallion brunch back in 2010... "In a Gold rush, it's wiser to supply the instruments needed to mine the Gold than it is to get down on your knees and dig yourself" ... Many a fortune has been made in that exact manner.

    Don't be a vegetable... Stand up, and put in WORK! and soon enough your "cup will runneth over" with this "residual income" you speak of

    - Adrian
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    • Profile picture of the author biz2mob
      Originally Posted by Adrian Browning View Post

      First... ask yourself, is $500 worth it?

      Then ask yourself, should I be pleased after having only generated $500 within a space as huge as 30 days?

      Then, after all of that is said and done, find a quiet corner in your house - block out all of those nonessential distractions - close the curtains so that you'll be alone and shielded from any onlookers - sit down on your favorite arm chair, get really comfortable... and then question yourself until you discover which demon it was that convinced you to set the bar so low that even the worlds most savvy Limbo dancer would have no hope of maneuvering beneath it.

      How shocking it is...

      But you know what, everyone starts somewhere and 'even then' such a pittance of a figure shouldn't even be mentioned out in public let alone be the basis around which you have based your ambitions...

      You wan't to make "residual" income? Hell, it will cost you more than $500 along the way - that - i can assure you.

      I'll tell you something that Samuel Palmisano told me over a Lobster and Scallion brunch back in 2010... "In a Gold rush, it's wiser to supply the instruments needed to mine the Gold than it is to get down on your knees and dig yourself" ... Many a fortune has been made in that exact manner.

      Don't be a vegetable... Stand up, and put in WORK! and soon enough your "cup will runneth over" with this "residual income" you speak of

      - Adrian
      Lol. I want an additional $500, but thank you for the life advice
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      • Profile picture of the author ewenmack
        Can you think long term, like 10 years?

        If you can't then you end up with short term cash plans

        And the problem with them you gotta keep
        working in them.

        What you want to be able to do is do the job once
        and get paid forever.

        If you learn how to build businesses the right way,
        others drive and grow it.

        However it takes time to learn those new skills.

        But I believe the skill of business building,
        so it works without you is the most valuable skill
        you can posses.

        Best,
        Ewen
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  • Profile picture of the author startup
    Any decent client will be worth that much and multiple times over monthly... just sign qualified clients with a budget and you will have monthly checks far exceeding your requirements...

    Dr B
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  • Profile picture of the author massiveray
    You can do cold walk ins for me if you want, you can make $500 for doing 10 with $100 recurring.

    50 walk ins and you have you residual plus a lump sum.

    Pm me if you're into it.
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    Join my private strategy group on Facebook or find out how I made £2000 recurring in 2 weeks.

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    • Profile picture of the author MarkJez
      Hi Claude,

      I was very interested to read about the marketing newsletter you sold to business owners for 4 years and your thoughts about re-launching it. That sounded a great business model .

      You might be relieved to know that a few months ago a superb PLR marketing monthly newsletter/magazine was launched as a WSO to help people run with this biz model and effectively have 90% of the hard work already done for them (Such as finding high quality content).

      http://www.warriorforum.com/warrior-...les-today.html

      I am not an affiliate - just a very, very happy customer of this WSO (Apparently one of the most popular WSO's ever with 600+ reviews to date).

      Best regards

      Mark J.
      London
      UK
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      • Profile picture of the author Claude Whitacre
        Originally Posted by MarkJez View Post

        Hi Claude,

        I was very interested to read about the marketing newsletter you sold to business owners for 4 years and your thoughts about re-launching it. That sounded a great business model .

        You might be relieved to know that a few months ago a superb PLR marketing monthly newsletter/magazine was launched as a WSO to help people run with this biz model and effectively have 90% of the hard work already done for them (Such as finding high quality content).
        Mark; Thank you. I wrote every word of my newsletter. And if you want people to continue paying you $39.95 a month for 16 pages, you need to write your own stuff too. PLR content is fine for free "newsletters" sent to prospects or clients. But for $500 a year? They want real current things that are working, and personal stories. And you just can't get that with PLR content.
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        One Call Closing book https://www.amazon.com/One-Call-Clos...=1527788418&sr

        What if they're not stars? What if they are holes poked in the top of a container so we can breath?
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  • Profile picture of the author leemoran
    I went through something very similar a little over a year ago. 1 and 1 had a .99 cent domain sale, and at the time it took them like a month to bill me. I took a chance and bought 101 domain names. The names were the names of local doctors (ex. drdavidwelch.com) I built a simple site for each one I then built a business site drdomainstore.com and started marketing.

    I sent an email, followed by a postcard, followed by a phone call. It worked pretty good and we needed to buy more domain names. I bought a total of 210 names and sold 104 sites that bring in a passive $27 every month.

    I offered everyone the domain name for free so I did not feel like name jacking was an issue. All in all it an extra $2800 that I can count on every month.
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