Building a Business that Has a Recurring Income

Building a Business that Has a Recurring Income

If you don’t want to read it, you can watch this video.

There are many people who are looking to instantly create an internet business model. The internet impacts everything. To develop an internet based business only takes time. I spent six months working full-time on this YouTube channel before I earned a dime. For most people, that is not plausible. That’s what it took for me to get some traction.

Let’s talk about Cleaver. Cleaver said, “I have no money. I have no car. I am ass out. How do I make some money in my position?”

I answered him by saying, “You need to start a service business.” In a matter of six months, Cleaver went from a very bad financial position to owning the house that he was staying in. He went from someone who needed the help of friends to a person who could fund that house by himself because he created a service business.

Let’s just get into this. Everyone wants passive income. I have passive income. I’ve had passive income since 2010. Now, let me tell you about passive income. It’s hard to get it and it’s even harder to maintain. That’s why you need a lot of it. It’s going to go up and down.

There are many people under this false notion that they are going to come online and get themselves some passive income without having to work. Just let that shit go. What you can do is start building where you are right now with what you have.

For many of you who want to live the internet lifestyle, there needs to be an extra step. That extra step is for you to start a local business or to become a seller of big ticket items while you develop an internet model. But doing this, it will get your basic expenses covered.

Remember, when I started online in 2009, my bills were paid and I had a lot of free time to invest in building my online business. That’s not typical for the average person. That’s why so many teenagers are doing well online. Their parents cover their basics and they have a lot of time to devote to their business.

Now, let’s talk about Steven. He has a window washing business. If built properly, it could fully support him and his family. To really give it some juice we’re going to add the multi-channel business model. I’ve done this several times. You’ve got to get back to infrastructure. He’s got some trucks. He’s got some clients. He’s got the will.

What we can do with that infrastructure is spin off other businesses that will use the same infrastructure. They will use the same employees and some of the same equipment to make more money. First, we must get the first business established.

That’s where a lot of people are going kind of crazy. They’re trying to do 4, 5, 6, or 7 different models before the first one is locked down.

From 2001 to 2011, all I talked about was storage auctions. I locked down my first business model which was making income from selling a book and teaching people how to become resellers. That’s all I did. Then I branched off to other things.

Being a person driven by data, I knew the storage auction thing was going to be very short-lived. It went on longer that I thought it would because it’s a lot of hard damn work.

I have YouTube income. I have book sales and consulting. I still have those same revenue streams and they still come from the same infrastructure. I’m not going out and creating a new infrastructure.

Let’s talk about Ray. He works his business and has a part-time job. Ray is close to being totally out of the regular employment game. You have to get busy to get started. You’ve got to go out there and take that first step.

If it doesn’t work out, at least you tried. You have information and feedback and data that can help create a plan that will work the fuck out.

I’m not saying you should not follow your internet dreams. I’m not saying that at all. What I’m saying is you need a solid plan so you can put food in your mouth and pay your mortgage with money left over to save for building your internet business the correct way.

Let’s get to the gist of automatic income. The problem is that many people are trying to become a consultant who don’t have a lot of experience doing anything. The big question is would you hire yourself selling what you are trying to sell? If you pause, then you have your answer.

You can create a better situation for yourself by getting out there and putting together a sales team. Once you systemize this and you learn how it works, you can train your employees to do it. That is one of the best ways for you to create recurring revenue. Part of this process is formatting your mind correctly.

You have to change who you are to get the money you want. You have to make some concessions and create a better you.

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