another word for income This is a topic that many people are looking for. bluevelvetrestaurant.com is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, bluevelvetrestaurant.com would like to introduce to you 7 Ways You Are Paid In Life – Multiple Streams Of Income. Following along are instructions in the video below:
“Music multiple steams of income nis. A big fucking myth. If you have not watched watched my video on multiple streams of income make your you click on the nicon watch that right now now instead of talking nabout multiple streams of income today. I m gonna teach you multiple ways of getting paid in fact i m gonna teach you seven ways that you are paid in life 97 3 97 of population are dead or ndead broke by the age of 65 only.
3 succeed financially the 3 and the 97 . The way nthat they are paid in life are very different so let s talk about the first nway that you are paid in life. And that is paid per hour. That s right you re ngetting x.
Amount of dollars for every hour. That you work for every hour. That you ncontribute your time example you re working at na fast food place per hour. You are lifting boxes nthey re paying you what per hour usually people that get paid per hour are lower income earners.
The second way you get npaid is paid per week or paid by weekly or paid per month. We call that a what a salary right every single week or every two weeks every month. You get a paycheck that is a salary so you get paid per month. What s the problem with nthe first two ways you see in the school system.
And this is what pisses me off in the school system. They nonly teach you how to earn and how to make money nwith. The first two ways pay per hour or pay per nweek or pay per month. They never teach you the nother five ways to make money which i m gonna teach you today see the rich people they ndon t get paid per hour.
They don t get paid per month..
They get paid by these five other ways so number three the third way you get npaid is pay per project example as a consultant. If you are charging your clients. Let s say a two month nterm a three month term or a certain milestone. A certain outcome.
But completing the project nyou get paid per project for x amount of dollars. So as a self employed nas. A service professional you can get paid that way that s way number three the fourth way that you get paid in life. It s pay by recurring.
I love the recurring model all my students and mantes that they know that i m more about recurring. What can we do to generate nmore recurring revenue within the company so you think about some examples in life example could be a subscription model netflix it s a paid by recurring model you re paying a monthly fee nto have access to movies from the comfort of your own home your cable your internet nit s a recurring model right they charging a monthly fee a data plan to use your ncellphone to watch tv that is a recurring model now why is recurring so powerful because the most expensive nsale you ll ever make is to first sell acquire the customers once you acquire the ncustomer every single time they use the service or nthey. Don t use the service you will be getting paid. It s a very powerful concept paid my recurring.
I have a friend of mine. Nwho runs a gym membership and he would tell me he nwould oversell. The capacity so example let s say this gym ncould. Only handle 500 people.
He would see the membership nto 1500 people on recurring. Why because he knows most people nthey buy the membership. They don t actually go there everyday. Only a small percentage of nthe people go to the gym at any given time right and some people they might sign a one year ncontract two year contract.
They go there you know the nbeginning of the year generates they go there for a few nmonths life gets in the way they get busy they don t go anymore..
But the gym owner is still getting paid recurring every single month. So pay by recurring fifth way that you re paid in life. And that is pay by royalties pay by royalties now what do i mean by that pay by royalties example as an author. I ve written now 13 books there are books on amazon i have all the books on audiblecom.
Every single time someone nmaybe you re my fan of my work you go there. And you buy a book. I get a little royalty every single month from audible from amazon. That s pay by royalties song writers.
They get paid by royalties movie makers sometimes directors sometimes movie stars actor actress. They get a piece of the action. They are also paid by royalties so think about what are some of the ways cause when you are ngetting paid by royalties even though i m making nthis video right now i m getting paid even when i m sleeping. I m getting paid 24 7.
Just like this so pay by royalties way number six and that nis pay by transactions pay by transaction. I want you to think about ebay. I want you to think about paypal. I want you to think about amazon.
Every single time. There s a ntransaction that took place they get paid a little bit of money visa. Mastercard. Every ntime you use or swipe that credit card every time you use it they re not actually providing any service.
But every single time you use that card they get paid a little bit nof that transaction fee. And that s how they make nbillions of dollars last way way number seven you get pay by results get paid by results as an entrepreneur. We get paid by results even though we have an nidea we spend months and years working on and nuntil. We can produce results in the market place.
We ntake. It to the market place and see that the market place likes it and responds and buys we nwon t know until we do it that s getting paid based on results or example. Let s say if i m nworking with an entrepreneur with a company example. Let s say they are ndoing 10 million dollars a year.
And i wanna help them grow nto 20 million dollars a year. Well if you can help them do that i will negotiate a deal from 10 million. If i can take it to 20 million. I generate extra 10 million ndollars in sales for you with what i do with what i know i will get a piece of the action.
Let s say i get 5 or the deal 500k that i make that s get paid based on results you. See rich people the. 3 . They get paid based on the last five ways not the first two the 97 .
They get paid the first two ways why because it s not taught in school in school. They don t teach you how to generate recurring income. They don t teach you how to generate income based on royalties so transaction on results. It is designed to keep you a slave.
It s designed to teach you nhow to get that pay per hour or per month..
Get paid on results. What does that mean i don t produce results nit means. I don t get paid that s correct that s correct all these five others ways royalties. I will not get there royalties.
If i don t spend months nworking on the book. It s a delayed gratification transaction is the same thing. If i don t have the skill nto facilitate a transaction example let s say i m a closer i m closing sales. If i cannot close.
I don t nget paid a transaction. I don t get paid a commission fee i need that skill in order to do that royalties transaction all these different things ndifferent ways to make money to get paid. You won t develop nyou won t be able to do that if you don t have the skills and these skills are not taught in school. If you don t want to get paid like the 97 and.
You wanna get paid like the top 3 click the link below. I m conducting a special two hour master nclass designed to teach you some of these other ways to get paid how do you get paid based on results. How do you get paid based on transaction. So there s no ceiling to your income.
So you can make as much money as you want so click on the link below and join me on this special class before you go. I wanna nleave. You with one thought and that is this rich people we get paid nbefore. We do the work ” .
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