Essential elements to a Passive Income Product
Posted 24th November 2009 at 06:38 AM by Dee Natha
THE PRODUCT CREATED OR SERVICE MUST
1) Fills A Basic Need.
Must provide a benefit and be of use to the user/purchaser.
2) Not Easy to Replicate by Others.
A solid system that is not so simple that an average person could copy it in 5 minutes.
3) Provide Return On Investment ROI.
Time taken to return your original capital or investment of time. After short duration, the rest is profit. 6-12 months.
4) Limited Initial Outlay of Time and Money.
After the duration of Intense start up, a self working automated and propagating system-
Minimal Maintenance and cost after initial learning curve met. Not too time consuming.
5) Create Timeless products/services.
Items that can be used by everyone, purchased by a wide audience are ideal some niche products too. If they require constant updating, tweaking and become dated quickly.
How much effort and time is wasted. Be careful of fads, they are short lived.
I will provide more in depth examples and ideas of why the above ingredients are essential if AUTOMATED PASSIVE INCOME is to be achieved.
Earn for life and prosper
1) Fills A Basic Need.
Must provide a benefit and be of use to the user/purchaser.
2) Not Easy to Replicate by Others.
A solid system that is not so simple that an average person could copy it in 5 minutes.
3) Provide Return On Investment ROI.
Time taken to return your original capital or investment of time. After short duration, the rest is profit. 6-12 months.
4) Limited Initial Outlay of Time and Money.
After the duration of Intense start up, a self working automated and propagating system-
Minimal Maintenance and cost after initial learning curve met. Not too time consuming.
5) Create Timeless products/services.
Items that can be used by everyone, purchased by a wide audience are ideal some niche products too. If they require constant updating, tweaking and become dated quickly.
How much effort and time is wasted. Be careful of fads, they are short lived.
I will provide more in depth examples and ideas of why the above ingredients are essential if AUTOMATED PASSIVE INCOME is to be achieved.
Earn for life and prosper
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