The Partnership Economy explores the power of partnerships through candid conversations and stories with industry leaders. Our hosts, David A. Yovanno, CEO and Todd Crawford, Co-founder, of impact.com, unpack the future of partnerships as a lever for scale and an opportunity to put the consumer first.
…
continue reading
Content provided by Daniel Hall, Daniel Hall - Author, Online Marketer, and Publisher of the. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Daniel Hall, Daniel Hall - Author, Online Marketer, and Publisher of the or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!
Go offline with the Player FM app!
How to Develop Residual Income in a Sustainable & Scalable Business With David Perdew
MP3•Episode home
Manage episode 161590968 series 1204815
Content provided by Daniel Hall, Daniel Hall - Author, Online Marketer, and Publisher of the. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Daniel Hall, Daniel Hall - Author, Online Marketer, and Publisher of the or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The one thing that I’m going to promise people today is by the time they finish this segment, they will know exactly how to create a sustainable and scalable business with residual income. First off, I’m going to use “passive” and “residual” income interchangeably here, and the reason is that there’s kind of a stigma with “passive income”. People think that’s kind of “get rich quick”. “Residual income” seems to be from working once and getting paid forever. That’s what I like. Do the work once and get paid forever. I have experience with the big telecom companies, as a consultant, and they are basically the biggest membership sites in the world. They know that you get a subscription every month to your phone bill, and they get a monthly contract from you, and it’s a subscription model membership site. What they’ve done is, they’ve actually been just the masters of creating monthly, residual income. Now, when you start residual income, you can build on it every month because you know what’s coming in automatically. That’s the way businesses grow, every business. The PIE Test - Passive Income Evaluation Test You know, I was a systems guy. I like to build systems, and that’s processes as well. So, I developed my own little system called the PIE test. [bctt tweet="The PIE test is the “Passive Income Evaluation” test. " username="danielhall"]It’s easy to remember, PIE test. We all want a piece of that pie, right? There are five steps to the PIE test:
…
continue reading
- The first one is “lifetime database referral”. That’s my own term for commissions that you get paid over and over.
- The second step is “plenty of products”. You want to make sure that you’re working with people who have plenty of products.
- The third is very high-quality products. Because, it’s your reputation no matter if you own the product or not.
- The fourth is “great product sales funnels”. Is it a “one-hit wonder” kind of sales funnel or is it something that gives an opportunity to buy more and more?
- The fifth thing, and this is the biggie that I think a lot of people will bypass, is to “know your numbers”. If you know your numbers, you have a pathway to scalability. That’s incredibly important.
146 episodes
MP3•Episode home
Manage episode 161590968 series 1204815
Content provided by Daniel Hall, Daniel Hall - Author, Online Marketer, and Publisher of the. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Daniel Hall, Daniel Hall - Author, Online Marketer, and Publisher of the or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The one thing that I’m going to promise people today is by the time they finish this segment, they will know exactly how to create a sustainable and scalable business with residual income. First off, I’m going to use “passive” and “residual” income interchangeably here, and the reason is that there’s kind of a stigma with “passive income”. People think that’s kind of “get rich quick”. “Residual income” seems to be from working once and getting paid forever. That’s what I like. Do the work once and get paid forever. I have experience with the big telecom companies, as a consultant, and they are basically the biggest membership sites in the world. They know that you get a subscription every month to your phone bill, and they get a monthly contract from you, and it’s a subscription model membership site. What they’ve done is, they’ve actually been just the masters of creating monthly, residual income. Now, when you start residual income, you can build on it every month because you know what’s coming in automatically. That’s the way businesses grow, every business. The PIE Test - Passive Income Evaluation Test You know, I was a systems guy. I like to build systems, and that’s processes as well. So, I developed my own little system called the PIE test. [bctt tweet="The PIE test is the “Passive Income Evaluation” test. " username="danielhall"]It’s easy to remember, PIE test. We all want a piece of that pie, right? There are five steps to the PIE test:
…
continue reading
- The first one is “lifetime database referral”. That’s my own term for commissions that you get paid over and over.
- The second step is “plenty of products”. You want to make sure that you’re working with people who have plenty of products.
- The third is very high-quality products. Because, it’s your reputation no matter if you own the product or not.
- The fourth is “great product sales funnels”. Is it a “one-hit wonder” kind of sales funnel or is it something that gives an opportunity to buy more and more?
- The fifth thing, and this is the biggie that I think a lot of people will bypass, is to “know your numbers”. If you know your numbers, you have a pathway to scalability. That’s incredibly important.
146 episodes
Tutti gli episodi
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.