DOCSLIB.ORG

How to Create Passive Income and Recurring Revenue for Your Career Services Business

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
How to Create Passive Income and Recurring Revenue for Your Career Services Business How to Create Passive Income and Recurring Revenue For Your Career Services Business Transcript from Video Recording Friday, October 12, 2012 Presented by Bridget (Weide) Brooks www.BeResumeWriter.com This Transcript is for BeAResumeWriter.com Bronze Members Only You Do NOT Have the Right to Reprint or Resell this Report. You Also MAY NOT Give Away, Sell or Share the Content Herein If you obtained this report from anywhere other than http://www.bearesumewriter.com, you have a pirated copy. ALL RIGHTS RESERVED. No part of this report may be reproduced or transmitted in any form whatsoever, electronic, or mechanical, including photocopying, recording, or by any informational storage or retrieval system without express written, dated and signed permission from the author. DISCLAIMER AND/OR LEGAL NOTICES: The information presented herein represents the view of the author as of the date of publication. Because of the rate with which conditions change, the author reserves the right to alter and update his opinion based on the new conditions. The report is for informational purposes only. While every attempt has been made to verify the information provided in this report, neither the author nor his affiliates/partners assume any responsibility for errors, inaccuracies or omissions. DISCLOSURE: I may be an affiliate for products that I recommend. If you purchase these items through my links in this document, I will earn a small commission. You will not pay more when buying a product through my link. In fact, you may pay less — or receive a free or discounted trial — when using the affiliate link. Plus, when you order through my link, it helps me continue to offer you lots of free stuff. LOVE THIS CONTENT? TELL A FRIEND? We get most of our new members on BeAResumeWriter.com because they’ve heard about it from a résumé writing colleague or on a professional association E-List. If you like what you read in this report, please encourage them to sign up for a membership on BeAResumeWriter.com (Free members can listen to this teleseminar recording in the Free Level Resources section; Bronze members get access to the recording and the transcript.) Transcript: How to Create Passive Income and Recurring Revenue For Your Career Services Business 2 © Résumé Writers’ Digest HOW TO CREATE PASSIVE INCOME AND RECURRING REVENUE FOR YOUR CAREER SERVICES BUSINESS Hi! This is Bridget (Weide) Brooks from Résumé Writers’ Digest and BeAResumeWriter.com. On September 21, 2012, I presented this program, “How to Create Passive Income and Recurring Revenue for our Career Services Business” at the National Resume Writer’s Association’s 15th annual conference in Charleston. It was a breakout session, so some of my fabulous career industry colleagues at the conference missed out on the workshop. I’ve recorded this video to share this valuable information with those colleagues, as well as my fellow resume writers and career coaches that weren’t able to join us in South Carolina this year. Transcript: How to Create Passive Income and Recurring Revenue For Your Career Services Business 3 © Résumé Writers’ Digest There are 18 pages of handouts that accompany this presentation. You can download them right now on the BeAResumeWriter.com website. Go to www.bearesumewriter.com/nrwa. They’re fill-in-the-blank worksheets and will help you follow along to this presentation. So, if you don’t have them yet, go ahead and click “Pause” on this video and go get them. Print them out, and then we can get started. Ok. Ready? Great. I’m thrilled to share information with you on a topic that I’m very passionate about. When I pitched this topic to the NRWA conference organizing committee, I mentioned that this is a unique angle that hasn’t been covered in recent conferences. Most conference sessions are focused on résumé writing principles or general marketing and business management topics. My session is going to teach you how to generate alternative income sources to smooth out the peaks and valleys of résumé writing. Many of these same techniques can also be used to boost the visibility of your résumé writing services as well as lead generators to attract prospective clients. Today’s information will offer tips for both beginning and veteran résumé writers and career coaches on how to generate passive income and recurring revenue. All of these are Transcript: How to Create Passive Income and Recurring Revenue For Your Career Services Business 4 © Résumé Writers’ Digest strategies I’ve used in my own résumé writing business, and you’re going to get the benefit of my trial and error. So let’s get started! While the Internal Revenue Service has a specific definition for “passive income” that limits it to rental income or income from “trade or business activities in which you do not materially participate,” what we’re going to be talking about today is how to make money in your career services business without trading your time for dollars. After all, for most resume writers and career coaches, you’re only making money when you’re billing a client for work you’re producing, whether that’s writing a résumé, cover letter, or LinkedIn profile, or conducting individual or group coaching sessions. Trading time for dollars is classified as “active income” — meaning, when you stop doing it, or being active in it, the money stops. Transcript: How to Create Passive Income and Recurring Revenue For Your Career Services Business 5 © Résumé Writers’ Digest With active income, in order to increase your revenues, you have to do one of two things: bill more or charge more. You either have to do more work, or charge more money for the work you already provide. With an active income method, you hand over your work product once and get paid for it once. With a passive income method, your work product is delivered multiple times, and you get paid multiple times. Today, however, I want to talk to you about the kinds of things that you can do within your resume writing or career coaching business that you can produce once, but that that will earn you money at all times of the day, even while you’re sleeping, or even while you’re sitting here in this conference session. When you’re generating active income, you’re serving one customer at a time. With passive income, you’re doing one of two things: serving multiple customers simultaneously with one product (like with an ebook or online training program) OR providing a series of products to the same customers over and over, but without having to individually create or customize the product (like with a membership program). Transcript: How to Create Passive Income and Recurring Revenue For Your Career Services Business 6 © Résumé Writers’ Digest Now that’s not to say that it’s completely hands-off. Many passive income programs still require daily, weekly, or monthly maintenance — such as answering questions from buyers or some ongoing updating — but it’s a small amount of time compared to the financial return overall. A question I get a lot is about recurring revenue. Specifically, what’s the difference between passive income and recurring revenue. The answer is: Not all passive income is recurring revenue, but most recurring revenue comes from passive income. Let me explain. Passive income can come from a number of sources — we’re going to talk about four separate income streams today — but some of those are one-time payments. For example, if you buy one of my Resume Writers’ Digest special reports, that’s passive income for me, but it’s a single purchase for you. You may buy more of my special reports in the future — especially if you like the one you bought to start with — but there’s no guarantee of that. But it’s not like writing a résumé for you, where I’m completely customizing the content. Transcript: How to Create Passive Income and Recurring Revenue For Your Career Services Business 7 © Résumé Writers’ Digest On the other hand, if you sign up for one of my membership programs — like BeAResumeWriter.com — you can provide your credit card information to PayPal so that you receive an uninterrupted membership from month to month, until you decide you don’t want to be a member anymore. That’s recurring revenue for me. I sign you up once, and as long as I deliver value to you, you’ll stay a member. It’s still passive income, because the member benefits I’m creating each month aren’t customized specifically for you, but for all the resume writers and career coaches who are members that month. It’s that “one-to-many” model I talked about earlier, but it’s an ongoing product or service. We’ll talk in more detail about some recurring revenue models later in today’s presentation. Next, let’s talk about what’s possible, and what’s realistic for passive income and recurring revenue in your career services business. Instead of serving between 2 and 10 clients per week, you could have 100 customers, or 1000 customers. If the idea of serving 1000 customers a week scares you, don’t be afraid! I’m not talking about writing 100 résumés a week. I’m talking about serving a higher number of customers, but with a Transcript: How to Create Passive Income and Recurring Revenue For Your Career Services Business 8 © Résumé Writers’ Digest low level of interaction. You could sell 100 ebooks in a week, and not even talk to 95 or 99 of the buyers! Let’s talk some numbers here.
Load more

Recommended publications
  • Ecosystem Management, Content Supply, and Revenue Sharing in Advertising-Driven Platforms
    Ecosystem Management, Content Supply, and Revenue Sharing in Advertising-driven Platforms Hemant K. Bhargava,∗y December 15, 2020 Abstract This paper examines ecosystem management issues in multi-sided platforms that provide in- frastructure to coordinate the activities and interactions of creators, consumers and advertisers, and which motivate external creators through revenue-sharing of ad payments. It specifically focuses on content provision decisions and revenue-sharing when there are numerous (possibly thousands of) creators based on the interplay amongst them and between creators and the platform’s design parameters. We examine how the level of market concentration among creators depends on the distribution of creator capabilities, and how it can be influenced through elements of platform de- sign. We show that the platform’s advertising strategy and technical design must strike a careful balance between motivating greater supply from creators and the relative market concentration in the creator ecosystem. The revenue-sharing arrangement faces a similar dilemma, where design elements that help to increase platform scale can also cause greater concentration in the creator layer, possibly threatening the bargaining position of the platform. In contrast, actions that reduce viewer distaste for ads (e.g., better matching technology) create win-win-win effects throughout the ecosystem. Design tactics that level the playing field across creators (e.g., development toolkits) improve platform revenue while also reducing market concentration among creators. The revenue- split between the platform and creators is (only) partly a tug of war, because a moderate sharing formula will strengthen the overall ecosystem and profits of all participants. ∗Graduate School of Management University of California Davis yI’m grateful to Darin Laframboise (Auth0), Ramnik Arora (FTX), Mingdi Xin (UC Irvine), and Xinxue Qu (Notre Dame) for useful comments and Sanjana Sivakumar (UC Davis) for graphics support.
    [Show full text]
  • 500+ Ways to Make Money Online
    selfmadebusinessman.com http://www.selfmadebusinessman.com/2014/03/03/500-ways-to-make-money-online/ 500+ Ways To Make Money Online Dave Schneider 135 Flares For the last two years I have been earning my money entirely online. Yes, making money online has a bit of a scammy sound to it but for many people it is a reality, and I am not exaggerating when I say there are regular people earning 5+ figure a month salaries completely through their online endeavors. However, for every one of those there are probably hundreds of people who are not earning a dime online despite trying to. And yet there is something very sweet about earning that first dime online. It’s motivation to pursue it further. I remember the first few dollars Vicky and I earned through her food blog by putting up a few adsense ads. It wasn’t much, but it was the start of us earning a few hundred dollars, then a few thousand, and now over ten thousand dollars every month. In this post we are going to explore the many ways that people are earning money online. I have scoured the web looking for the best posts about making money online as well as doing my own research to find individual websites/companies, so that I could compile what is no doubt the most comprehensive list to date of ways to make money online. Please enjoy this list and PLEASE SHARE so that others may benefit from this research. Not only have I spent many hours putting this together, but by using assistants to help with research and formatting, spent money.
    [Show full text]
  • Broadcasters and the Broadcasters and the Internet
    Broadcasters and the Broadcasters and the Internet Internet EBU Members’ Internet Presence Distribution Strategies Online Consumption Trends Social Networking and Video Sharing Communities November 2007 European Broadcasting Union Strategic Information Service (SIS) L’Ancienne-Route 17A CH-1218 Grand-Saconnex Switzerland Phone +41 (0) 22 717 21 11 Fax +41 (0)22 747 40 00 www.ebu.ch/sis European Broadcasting Union l Strategic Information Service Broadcasters and the Internet EBU Members' Internet Presence Distribution Strategies Online Consumption Trends Social Networking and Video Sharing Communities November 2007 The Report Staff This report was produced by the Strategic Information Service of the EBU. Editor: Alexander Shulzycki Production Editor: Anna-Sara Stalvik Principal Researcher: Anna-Sara Stalvik Special appreciation to: Danish Radio and Television (DR) Swedish Television (SVT) Swedish Radio (SR) Cover Design: Philippe Juttens European Broadcasting Union Telephone: +41 22 717 2111 Address: L'Ancienne-Route 17A, 1218 Geneva, Switzerland SIS web-site: www.ebu.ch/director_general/sis.php SIS contact e-mail: [email protected] BROADCASTERS AND THE INTERNET TABLE OF CONTENTS INTRODUCTION.............................................................................................................. 1 OVERVIEW .............................................................................................................................1 1. The general Internet landscape: usage, websites, advertising ............................................
    [Show full text]
  • Smart Pricing Grows the Pie
    Smart Pricing Grows the Pie Guy Calvert [email protected] Abstract. Some publisher advertising networks provide features intended to help advertisers bid more efficiently with a single bid in many publishers’ click auctions at once – Smart Pricing on the Google Display Network is one example. Typically such features involve discounting advertiser bids or prices for clicks on publisher websites according to how click values vary across sites (for some appropriate measure of advertiser value). Contrary to concerns that such features necessarily result in reduced publisher (and network) revenue we find that, in many simple cases, the modified auction dynamics produce rational incentives for advertisers to bid more – and spend more – than they would without the benefit of these features. So if advertisers act in their own interest then publishers and networks stand to make more revenue as well. 1 Introduction Internet website advertising is big business these days, accounting for billions of dollars of advertising budgets each year. It works like this: whenever an internet user opens or refreshes a publisher's web page, advertisements are displayed on publisher-specified locations on that page (ad slots). Depending on prior arrangement with the publisher, advertisers are typically billed for this in one of three ways: 1. A direct price for having the ad displayed (cost per thousand impressions, CPM), or 2. A contingent price, paid if and only if a user clicks on the ad (cost per click, CPC), or 3. A contingent price, paid if and only if the user performs some other advertiser-desired action (cost per action, CPA).
    [Show full text]
  • The Role of Intermediaries in Adware Advertising
    Following the Money II: The Role of Intermediaries in Adware Advertising A Report by the Center for Democracy & Technology (CDT) August 2006 Note: There are many different forms of advertising display software. This report focuses on a particular form we call nuisance and/or harmful adware. This form of adware may be deployed without appropriate user consent; may be a nuisance and impair productivity; may display objectionable content, can slow users’ computers down or cause crashes and loss of data; may not provide users with adequate removal tools; and may be associated with security risks. Executive Summary Potentially harmful advertising software has grown from an annoying computing issue into a serious computer security risk. Well-known companies are helping to spread this unwanted adware, often unwittingly, by paying to have their ads displayed by nuisance or harmful adware programs. Many high-profile companies are unaware of this problem because the chain of intermediaries involved in moving ads from marketers to adware applications can be incredibly complex. We distinguish three different types of intermediaries: affiliate networks, ad networks, and ad-serving platforms. Although affiliate and ad networks operate differently, both contribute in similar ways to the problem of funding nuisance and harmful adware by facilitating the matching of ads to ad space and taking a cut of the ad revenue generated in the process. Ad-serving platforms, meanwhile, merely provide the technology needed to track ads, and thus do not contribute financially to nuisance and harmful adware. In order to help marketers, ad agencies, and intermediaries gain a better understanding of the online advertising marketplace, CDT conducted a study in which we collected 380 ads served by Zango and Direct Revenue, two adware makers that we believe have engaged in unfair and deceptive practices.
    [Show full text]
  • Passive Income: 30 Strategies and Ideas to Start an Online Business
    Passive Income 30 Strategies and Ideas to Start an Online Business and Acquiring Financial Freedom By Richard Gadson © Copyright 2016 - All rights reserved. In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved. The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader. Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly. Respective authors own all copyrights not held by the publisher. Legal Notice: This book is copyright protected. This is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part or the content within this book without the consent of the author or copyright owner. Legal action will be pursued if this is breached. Disclaimer Notice: Please note the information contained within this document is for educational and entertainment purposes only. Every attempt has been made to provide accurate, up to date and reliable complete information. No warranties of any kind are expressed or implied. Readers acknowledge that the author is not engaging in the rendering of legal, financial, medical or professional advice.
    [Show full text]
  • 1592213286-Affiliate-Marketing.Pdf
    Table of Contents 1. What is Affiliate Marketing? Understanding Affiliate Marketing Affiliate Marketing for Beginners: FAQs 2. How to Make Money With Affiliate Marketing How Affiliate Commission Works Affiliate Marketing Average Income 3. What to do Before Becoming an Affiliate Marketer How to Become an Affiliate Marketer Choose a Niche Research Programs Build Your Platform Create and Publish Top-Notch Content Create Your Ad Account 4. Proven Affiliate Marketing Methods Blog Paid Ads Facebook YouTube Instagram 5. Choosing an Affiliate Marketing Program Understanding Affiliate Programs Amazon Associates ClickBank Affiliate eBay Affiliate Commission Junction Rakuten Affiliate 6. Successful Affiliate Marketing Examples Sugar Rae Greg Preece Conclusion 1. What is Affiliate Marketing? 5 Just twenty years ago, businesses spent thousands of dollars each year on radio, TV, or print ads in the hopes that their brand would grow. While they were promised success, the truth is that it was incredibly difficult to stand out and make money via advertising. Worse yet, their efforts were often pitted against enormous corporations with million-dollar ad budgets. If they got any airtime at all, the smaller companies had a harder time gauging success against their Goliath-esque competition. Small companies and your everyday entrepreneur held the short end of the stick, and growth was hard. But that was twenty years ago. These days, anyone with an internet connection and the know-how can make money by helping brands grow and sell online by participating in affiliate marketing. Affiliate marketing is an advertising method used by brands to attempt to mitigate wasteful spending in their marketing budget.
    [Show full text]
  • Roadmap for a Monopolization Case Against Google Regarding the Search Market
    Roadmap for a Monopolization Case Against Google Regarding the Search Market June 2020 Fiona M. Scott Morton David C. Dinielli Biographies Fiona M. Scott Morton is the Theodore Nierenberg Professor of Economics at the Yale University School of Management (SOM) where she has been on the faculty since 1999. Her area of academic research is industrial organization, with a focus on empirical studies of competition. The focus of her current research is competition in healthcare markets and the economics of antitrust. From 2011-12 Professor Scott Morton served as the Deputy Assistant Attorney General for Economic Analysis (Chief Economist) at the Antitrust Division of the U.S. Department of Justice, where she helped enforce the nation’s antitrust laws. At Yale SOM she teaches courses in the area of competitive strategy and antitrust economics. She served as Associate Dean from 2007-10 and has won the School’s teaching award three times. She founded and directs the Thurman Arnold Project at Yale, a vehicle to provide more antitrust programming and policy projects to Yale students. Professor Scott Morton has a BA from Yale and a PhD from MIT, both in Economics. She is a frequent speaker at seminars and conferences across the United States Fiona M. Scott Morton and Europe. Theodore Nierenberg Professor of Economics Yale University School of Management As a senior advisor with the beneficial technology team at Omidyar Network, David is focused on developing a robust analytic framework for antitrust litigation and regulation designed to reduce the competitive, democratic, and other harms caused by big tech companies.
    [Show full text]
  • First Amended Complaint Filed in the United States District Court for The
    Jeffrey M. Kurzon (#JM3388) [email protected] Jesse Strauss (#JS0212) [email protected] Attorneys for Plaintiffs and the Classes Kurzon Strauss LLP 305 Broadway, 9 FL New York, NY 10007 212-822-1496 www.KurzonStrauss.com IN THE UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Jonathan Tasini, Molly Secours, Tara ECF CASE Dublin, Richard Laermer and Billy Altman, individually and on behalf of all CIVIL ACTION: 11 CV 2472 (JGK) others similarly situated, Plaintiffs, FIRST AMENDED CLASS ACTION COMPLAINT v. AOL Inc., TheHuffintonPost.Com, Inc., JURY TRIAL DEMANDED Arianna Huffington and Kenneth Lerer Defendants. CLASS ACTION COMPLAINT Plaintiffs and putative Class Representatives Jonathan Tasini (“Tasini”), Molly Secours (“Secours”), Tara Dublin (“Dublin”), Richard Laermer (“Laermer”) and Billy Altman (“Altman”) (Tasini, Secours, Dublin, Laermer and Altman, together, the “Plaintiffs”), bring this action both individually and on behalf of damages and injunctive relief classes (collectively, “the Classes,” as further defined herein), alleging as for their Class Action Complaint against Defendants AOL Inc. (“AOL”), TheHuffingtonPost.com, Inc. (“TheHuffingtonPost.com”), Arianna Huffington (“Huffington”) and Kenneth Lerer (“Lerer”) (AOL, TheHuffingtonPost.com, Huffington and Lerer, together, and as the context so merits, the “Defendants”), upon personal knowledge as to themselves and as to all other matters upon information and belief, based on, inter alia, the investigation made by their attorneys signed below, as follows:
    [Show full text]
  • 1 an Analysis of a Mobile Platform's In-App Advertising Contract Under
    An Analysis of A Mobile Platform's In-App Advertising Contract under Agency Pricing for App Sales Lin Hao1 Hong Guo1 Rob Easley1 1Mendoza College of Business, University of Notre Dame, Notre Dame, IN, 46556 ABSTRACT We develop a two-sided market model that captures two unique features of the in-app mobile advertising market: the joint structure of the adverting platform and agency pricing for the app sales channel. In the joint structure of the mobile advertising platform, both the platform owner and the app developer jointly control the provisioning of ads compared to the platform owner alone in the traditional advertising platform. We analyze the platform owner’s optimal in-app advertising contract that will drive the advertisers and app developer to engage in publishing ads within apps. Our results reveal the market conditions that dictate when the platform owner can profit by raising the app developer’s revenue sharing percentage in the in-app advertising contract, and when an app developer can benefit from the growth of the advertiser side of the market. We also investigate the impact of agency pricing for app sales on the platform owner’s in-app advertising contract. We show that the advertising revenue-sharing contract fails to coordinate the advertising platform in the presence of agency pricing for app sales, which may lead to higher app prices for app users. Keywords: mobile platform, two-sided market, advertising contract, agency pricing, revenue sharing 1 An Analysis of A Mobile Platform's In-App Advertising Contract under Agency Pricing for App Sales INTRODUCTION When Apple first launched its iPhone App Store in July 2008, few in the industry could have anticipated how drastically it would change the software market.
    [Show full text]
  • MASTER's THESIS Affiliate Marketing
    2008:003 MASTER'S THESIS Affiliate Marketing Perspective of content providers Barbora Benediktova Lukas Nevosad Luleå University of Technology Master Thesis, Continuation Courses Electronic Commerce Department of Business Administration and Social Sciences Division of Industrial marketing and e-commerce 2008:003 - ISSN: 1653-0187 - ISRN: LTU-PB-EX--08/003--SE Affiliate Marketing Perspective of content providers Barbora Benediktová Lukáš Nevosád e-MBA program Department of Business Administration and Social Sciences Luleå University of Technology Supervisor: Rickard Wahlberg January, 2008 ABSTRACT This thesis depicts how content providers (aka publishers or affiliates) use affiliate marketing, a performance oriented internet marketing. Three different content providers were interviewed in order to find out detailed information about their usage of affiliate marketing. The thesis identifies main advantages and disadvantages of affiliate marketing for content providers and specifies conditions, under which affiliate marketing is more beneficial than other types of online advertising. Moreover, the process of selecting affiliate marketing program by content providers is described. This paper concludes in a model of a typical affiliate marketing usage. Furthermore, the work proposes using different terminology for content providers, because it was found out that the term content provider does not cover all aspects of the business any more, as affiliate marketing can even be used without providing any content. Finally, recommendations for companies, that are planning to start a new affiliate program, are also added and the work suggests several topics for further research in this field. ii PREFACE There are many people who helped us a lot during studying and writing this thesis and deserve to be named here.
    [Show full text]
  • Online Nation 2019: Report
    Online Nation 2019 report Raising awareness Published 30 May 2019 of online harms Overview Online Nation is a new annual report that looks at what people are doing online, how they are served by online content providers and platforms, and their attitudes to and experiences of using the internet. It brings the relevant research into a single place and aims to act as a data- and insight- driven resource for stakeholders at a time of significant evolution in the online landscape. In this report we set out business models and industry trends, alongside people’s use of and attitudes to the internet. Put together, this provides a valuable and unique evidence base to better understand any potential harms resulting from the use of online services. Alongside this report we have published our latest research on adults’ media use and attitudes, and our latest research into online harms, which we commissioned jointly with the Information Commissioner’s Office (ICO). Ofcom’s purpose is to make communications work for everyone. The growing relationship between market developments and consumer behaviour in online markets, and in the communications sectors that we regulate, make it ever more important to understand and keep track of the online landscape. We also have a duty to research and promote media literacy, which includes promoting an understanding of what is happening online. The report is structured as follows: • In the first two chapters we set out how we measure and understand the online landscape, looking at people’s use, attitudes and impact, and industry developments. • The following four chapters look in detail at specific aspects of the online experience, helping us to understand how online communications and media serve people in the UK.
    [Show full text]