The following business models and systems will help set you up for consistent growth and income. These systems are so effective because they all make use of that most precious commodity: loyal, repeat customers and clients. A customer who has bought from you even once is far more likely to buy again.

Unless you’re doing it anonymously or under an assumed name, keep your passive income stream at least somewhat related to your core business model, so that it supports and help to grow your core model, and so that you don’t have to go out and try to target a completely different customer demographic.

The most popular passive and/or recurring business models include:

  • Affiliate marketing.
  • Membership sites
  • Private forums
  • Paid newsletter subscriptions
  • Training sites
  • Coaching programs
  • Webinar series
  • Courses
  • Writing E-books

Starting next week, we’ll take a look at each one in detail.

Excerpted from:

Starting A Business 1-2-3
The premier step-by-step interactive training system
for starting your business with confidence and clarity

Module 1: Research and Development