This article will continue the discussion of how to make money when you are sleeping. The list of money making ideas to increased with the following business opportunities.
URLs and Intellectual Property
There are so many different types of intellectual property. You can register a URL, which is an address on the Internet. And then if somebody really wants that address, you can negotiate with them and say “OK, I’ll
take a percentage of your business that you do on my URL.” I have some really amazing URLs that I have set up in other countries. If you spend time looking, you can really find one. You can look for domains in countries such as Canada, Japan, United Kingdom and even emerging countries.
You can create a whole business based on just a URL that is so memorable that people will come there. You can start with popular U.S. domain names and translate them to the home country language such as network marketing, etc.
Buy a Franchises or Franchise Your Business
You can license business models and franchises too. A franchise is just a business that says we are going
to show you exactly how to run a McDonald’s, say, and you are going to pay us X amount of dollars from all
your sales. McDonald’s leases the franchised buildings, which is the most brilliant thing ever. The lease is structured as $X amount or X percent of sales, whichever is higher. They have a real estate business on top of the franchise business.
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Free Domain Name when You Purchase Yahoo! Web Hosting Plan
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You can also do this for a business based on locality. For example, you have a business model that serves a city so you franchise our your business for each specific city or tertitory. Suppose you franchise out a website for tourist attractions, etc for each city or state in the U.S or one of the country's you are familiar with in your travel experiences.
Network Marketing
Network marketing is another way to make money in your sleep that is very popular. You build a network that continues to sell the company’s products, so you get residual income forever and ever. There are so many ways and markets to do network marketing. I suggest you start with a niche market and find products and services to market to them. You must invest the proper amount of time to learn the best methods to engage each niche market before you will achieve success in network marketing.
Tollgates or Tollroads
Your patent or other intellectual property can be a tollgate. Can you guess which patent made the most money worldwide? The guy who thought it up is still making money from it: the process of reading a barcode with a laser. He kept amending his application until everyone in the world was using lasers to read barcodes. And then he let the patent issue.
One of the interesting things about patents is that they cover not only what is inside your country but
anything that happens outside of your country and gets imported into your country. If you use a laser to read a barcode in the process of manufacturing a product that gets imported into the United States, you have to pass this guy’s tollgate. Everybody pays. It’s insane. And then they pay, and pay, and pay. He gets $5 million from this company, $4 million from this company, $10 million from this company, every single year. And the list of companies is long. You really want to be thinking tollgates.
Bottomline: We have given a list of potential ways to create multiple streams of income from residual and passive income. Now, you should take the time to start researching how to implement these ideas to create your business empire.
URLs and Intellectual Property
There are so many different types of intellectual property. You can register a URL, which is an address on the Internet. And then if somebody really wants that address, you can negotiate with them and say “OK, I’ll
take a percentage of your business that you do on my URL.” I have some really amazing URLs that I have set up in other countries. If you spend time looking, you can really find one. You can look for domains in countries such as Canada, Japan, United Kingdom and even emerging countries.
You can create a whole business based on just a URL that is so memorable that people will come there. You can start with popular U.S. domain names and translate them to the home country language such as network marketing, etc.
Buy a Franchises or Franchise Your Business
You can license business models and franchises too. A franchise is just a business that says we are going
to show you exactly how to run a McDonald’s, say, and you are going to pay us X amount of dollars from all
your sales. McDonald’s leases the franchised buildings, which is the most brilliant thing ever. The lease is structured as $X amount or X percent of sales, whichever is higher. They have a real estate business on top of the franchise business.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Free Domain Name when You Purchase Yahoo! Web Hosting Plan
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
You can also do this for a business based on locality. For example, you have a business model that serves a city so you franchise our your business for each specific city or tertitory. Suppose you franchise out a website for tourist attractions, etc for each city or state in the U.S or one of the country's you are familiar with in your travel experiences.
Network Marketing
Network marketing is another way to make money in your sleep that is very popular. You build a network that continues to sell the company’s products, so you get residual income forever and ever. There are so many ways and markets to do network marketing. I suggest you start with a niche market and find products and services to market to them. You must invest the proper amount of time to learn the best methods to engage each niche market before you will achieve success in network marketing.
Tollgates or Tollroads
Your patent or other intellectual property can be a tollgate. Can you guess which patent made the most money worldwide? The guy who thought it up is still making money from it: the process of reading a barcode with a laser. He kept amending his application until everyone in the world was using lasers to read barcodes. And then he let the patent issue.
One of the interesting things about patents is that they cover not only what is inside your country but
anything that happens outside of your country and gets imported into your country. If you use a laser to read a barcode in the process of manufacturing a product that gets imported into the United States, you have to pass this guy’s tollgate. Everybody pays. It’s insane. And then they pay, and pay, and pay. He gets $5 million from this company, $4 million from this company, $10 million from this company, every single year. And the list of companies is long. You really want to be thinking tollgates.
Bottomline: We have given a list of potential ways to create multiple streams of income from residual and passive income. Now, you should take the time to start researching how to implement these ideas to create your business empire.
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