If you really want to earn more money with your small business than you need to strongly consider adding a P.I.G. Obviously, I am not referring to the questionably adorable pot bellied pig that many fine people have adopted for a pet. The concept of adding a Passive Income Generator to your business should be a top priority if you want long term income.
What exactly is a Passive Income Generator and how can it be used to make more money for your small business?
As the names suggests, a P.I.G. is a product, system or service that will pay you and your company long after it has been implemented. In fact, the ideal P.I.G. is one where you do the work once and it pays you over and over and over with little to no maintenance on your part.
An example of a P.I.G. could be a book, an audio CD, a patent, the licence to use your idea, a service that you contract out, and much more. Let's take a book as an example. You diligently research, compile, write, edit and proofread your book. Depending on who you are this may take you anywhere from 14 days to 14 years. Once the work has been done, a publisher will usually help with the marketing and promotion of the book. Once all that has happened, you the author are left with a passive income generator that will keep selling books while you sit in the sun enjoying a margarita.
Making money with a P.I.G. has become so much more important with the acceptance of internet commerce. Today, there are some amazingly quick, simple and inexpensive ways of creating a P.I.G. As an example, take a pay per click advertising campaign. This type of a business revolves around driving traffic from the search engines at a small cost to a sales site. Once at the site, automated software can take the browser by the hand and market and market the product until a sale is made. If the product is virtual like software or an e-book, no human ever needs to get involved in the transaction (other than the buyer).
Another example of an online P.I.G is an affiliate program. Pretend you sell a digital product like an ebook or audio book. Now imagine you get to work testing all kinds of sales literature until you create a very effective selling system on your website. All you need to do now to really expand your business is drive plenty of traffic through this system. By creating an affiliate program and attracting hungry affiliates, you stand to make a greater income while working less and less. The affiliates bring in the customers, your automatic sales website does all the work and once again you get to take off to a warm sunny destination.
So no matter what business you are in, think about how you can earn more money by adding a P.I.G. What parts of your business can you automate for complete hands free operation? Could you create an entire business where you create nothing but P.I.Gs? How much more money, free time and luxury would that add to your business and lifestyle?
Glen Jansen, author of the free ebook, "THE Best Money Making Ideas", helps 14 days entrepreneurs find 14 days. Visit 14 days for more free information and money earning articles.
Oswego taxi to Midway ..If you are in the professional car care business you... Read More
Are you -- like 70 percent of small business owners... Read More
It's a strange anomaly.Most people who set out to start... Read More
We very much like what we see in Lubbock, TX... Read More
Free money! Receive up to $25,000 that never has to... Read More
It's Monday morning and Connie the Consultant sits in her... Read More
Send handwritten notes. That applies whether you're a guy or... Read More
What types of companies do you want to align yourself... Read More
Most small businesses simply go about their daily business and... Read More
Have you been searching for the perfect home-based business? I... Read More
By outsourcing to skilled professionals you'll be able to grow... Read More
There have been many great points raised on both sides... Read More
I recently met with a very successful magazine publisher who... Read More
As a business owner, you already know how important it... Read More
Company mottos can easily be printed on a business card.Sometimes... Read More
So you want to get into the auto detailing business... Read More
Now that winter has passed, the annual ritual of spring... Read More
How do you find the best business partners?Finding a good... Read More
What does buying a fat pig have to do with... Read More
Tammy, a skilled and gifted horticulturist, called me to discuss... Read More
We love Wichita because it has great all round weather... Read More
Do you have a Business Plan? Congratulations, but you are... Read More
SBIR Corner: FFP vs. CPFF contracts:In the SBIR/STTR world, the... Read More
How do you know when an alliance needs to be... Read More
Mobile detailers will find themselves with lots of competition even... Read More
shuttle from Midway Morris ..Starting your own e-commerce business can be quite the adventure.... Read More
It is estimated that 78% of all small business start-ups... Read More
This is the tale of two business plans with very... Read More
Writing a business plan for a mobile car wash is... Read More
The Customer Analysis section of the business plan assesses the... Read More
Financial Consultants are one of the fastest growing industries today.... Read More
There are many little details that go into making sure... Read More
Introduction: This article is written as a general discussion on... Read More
Office support services can range from basic data entry to... Read More
Before you want to build your business, you need to... Read More
How do we keep track of our business deals?If you... Read More
Having their own business is something many millions of people... Read More
Most pressure washing companies never look into some of the... Read More
A reader of one of my online sessions asked should... Read More
As a solo entrepreneur or small business owner, one of... Read More
Every business starts with an idea or a dream. To... Read More
In the heavy equipment cleaning business you can make good... Read More
You've always liked flowers and you think the idea of... Read More
Here are seven ways for owners of small businesses to... Read More
It's a commonly quoted statistic: 80% of all small businesses... Read More
On June 8, 2004, the world witnessed what no one... Read More
While there are few career paths that some would call... Read More
When working from home, it is usual to find that... Read More
Now that winter has passed, the annual ritual of spring... Read More
Where do you find the right people for a business... Read More
Small Business |