Do you desire to get regular earnings in your business? Do you wish you have an opportunity to get regular income? If your answer is yes, then this article is for you. It will guild you through choosing the right business and also educate you on how to go about it the right way.
Let me start by defining what Regular Earnings means. When you are getting returns on a regular basics and when money keep coming without you having to actively work for it, it is known as a regular earnings.
I will share with you top 10 regular earnings business ideas you can start today to generate residual income for life, if only you do them the right way.
Regular earnings set a major differences between the rich and the poor. Wealthy people set up many residual income streams and watch all of them generate money at the same time. The poor person is happy to have one income stream.
These regular earnings business ideas will make money for you while you sleep but it does not mean you just start a business and go to sleep, no. You will need to spend some time, effort and resources building your business the right way.
You will build your business to a state where you can comfortably take your eyes off of it. The beautiful part is that once your money starts rolling in, you don’t need to commit any more capital or direct effort to the business.
This is the beauty of regular earnings done the right way. So how would you like to make money while you sleep? Start building one of these regular earnings business ideas the right way today. See them below
Regular Earnings: Rental business
Rental business is one of those businesses that work very well in Nigeria; it is a great source of regular earnings. You can start a rental business the right way.
Rental business is most suited for workers and employees, people who have little time to commit to their business. It is very easy to keep track of your income without worrying about anyone stealing from you, plus you have enough time to do other stuff while your business grows.
Regular Earnings: Network marketing
Going by the very definition of regular earnings, network marketing is a classic example. This is because you build your network once and that network works for you, generating money for you even when you do practically nothing.
The major problem with network marketing in Nigeria is the way many people go about implementing it. Most people focus on introducing more people to a network without properly training their down lines or providing them any support.
The result is that only the experienced people at the top of the network make money while the others feel their way in the dark, wondering which step to take. You can make it if you do it the right way.
The other problem is the explosion of half-baked ‘network marketing companies’ and Ponzi schemes everywhere these days. They leave many people with so much negative experience that nobody wants to hear about network marketing anymore.
But there are good ones around; I urge people to give it a shot. Just make sure you receive proper training about how to sponsor and train your own down lines. This is the only way you can build a resilient, sustainable network which will work to generate more regular earnings for you.
Regular Earnings: Treasury bills
Not everybody can stomach investment risks. Treasury bills are excellent investment options for the risk averse individual. With treasury bills, you can relax and watch your money work for you. How do treasury bills work?
If you buy T-bills worth of N500,000 at 10 per cent discount rate, CBN will debit your account with N450,000, leaving a balance of N50,000. This means that your interest of N50,000 has been paid to you upfront. When your investment matures, you are still paid your N500,000.This shows that you were actually paid N550,000 for your investment of N500,000.
The good thing about investing in treasury bills the right way is, it makes more sense to have your money yield more money for you than to let it sit in your bank doing nothing. Currently, the least amount you can invest in Nigerian treasury bills is N100,000.
Regular Earnings: Build an event center
Many people would prefer to hold their events in a nice hall than to risk disruption of events by rainfall or bear the scorching heat of the sun. For this reason, people who build event centers always make money on auto-pilot.
So long as people events, owners of event centers will always make money. If building an event center is something you can afford, the opportunity to generate regular earnings is limitless. Just make sure you do it the right way.
Regular Earnings: Write an e-book
The days when you had to wait on publishers to print and distribute your book are long gone. Many people still prefer to produce their book through publishers for many good reasons. But if you want to, you can self-publish your own books on Amazon’s CreateSpace.com right now without hassles.
You can even choose if you want both paperback or e-book versions. The reason I prefer ebooks is, with ebooks you write the book once and make money forever without worrying about print or inventory. At the moment, I have videos and ebooks selling on my other blog and the process to get any of them is simply automated.
Once anyone makes a purchase, they get delivery within minutes. So I could sleep or spend the whole day and I would still be making money. Regular earnings!
Regular Earnings: Create an online course
You can also create an online course on anything you are knowledgeable about. You simply need to choose a good platform to sell your course. You can sell your online course on your platforms – blog, social media, etc – or you can publish your course on sites like Udemy.
Once you have good content, you just relax and watch your regular earnings roll in.
Regular Earnings: E-commerce
These days, it is easier than ever to start e-commerce business the right way. If you are not selling online, you are losing out on a lot of money. You don’t need to have a large website like amazon or Konga to start e-commerce.
I wrote a post about the different ways you can start selling online without spending large sums of startup money. For some of the methods, you won’t even need to spend anything.
The beautiful part is, once you automate the process, the business runs itself.
Regular Earnings: Invest in startups
You may not have brilliant, creative ideas to solve world problems but you can invest in people who do. There are countless people who have startup ideas but lack the capital to bring their ideas to light. So you team up with them and own part of the company.
The business could go bust, of course, and you would lose your money, which is why you need to learn a lot the right way about investing in startups before you start this. Thankfully, the internet is a rich repository of information so make friends with Google and start learning. The world awaits!
Regular Earnings: Transportation
You can buy a vehicle and let other people run the transportation business and remit regular, predetermined returns to you. First, you would be helping reduce unemployment among young people. You can even sign up with Uber and make cool cash the right way.
Regular Earnings: Affiliate marketing
Affiliate marketing is the next easiest and best way to make money online after freelancing. Best of all, once you properly set up your affiliate marketing business, it runs itself. So once you start making money, you don’t stop even if you travel to Mars.
An affiliate marketer is an online salesperson who promotes products in exchange for a commission. For most of the affiliate programs, you only need to place their banners and links on your site the right way and the system does the rest.
However, you will do better if you master sales skill. It’s a vital skill in affiliate marketing. The more you are able to convince people to buy a product that will be of benefit to them, the more you will make money.
Regular Earnings: Conclusion
Yes, you can make money while you sleep. These regular earnings business ideas are all very effective and lucrative. You would need to spend some time, effort and resources creating your residual income streams, however. Once you have your system set up, you’d be amazed at how your finances would change.
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