How To Get 100 Checks Coming To Your Mail Every Month

Submitted by Dmitri Davydov on Fri, 2007-03-16 09:47.
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I'm a big fan of creating multiple streams of passive income. My personal goal is to have at least 100 checks coming in each month from a variety of sources.

Just like a mutual fund, it is better to have LOTS of people giving you money than just one or two. This way if one of the sources dried up, you're not screwed.

My last event in LA I used an example. I asked people in the audience to shout out some of their payments that they have to make each month.

Someone said $450 for the car payment. Another one shouted $150 for the utilities. As you develop your own information products, rather than trying to make a million dollars, try to knock off a regular bill or two with some ongoing revenue.

If you have 100 sites selling 100 different products for $100 a piece and you make one sale a month you'll be making $10,000 a month. You'll also be very diversified.

Don't look to hit home runs. Concentrate on banging out singles. Look to make a $100 or $200 net with each product you sell online. Then when you have the system down: LATHER - RINSE - REPEAT. Just do it over and over again.

Fred Gleek,

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