{"id":3437,"date":"2019-07-04T00:00:00","date_gmt":"2019-07-04T00:00:00","guid":{"rendered":"https:\/\/hebblethwaites.com\/index.php\/recurring-income\/"},"modified":"2019-07-04T00:00:00","modified_gmt":"2019-07-04T00:00:00","slug":"recurring-income","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/recurring-income\/","title":{"rendered":"Recurring income"},"content":{"rendered":"<p>If you are in business you either buy (manufacture) or sell goods, or you deliver a service based on your personal skills.<\/p>\n<p>If you buy or sell goods there is no reason to believe that once you have achieved a sale to a particular person of business, they will return to buy again. Unless, what you sell will eventually &ldquo;run-out&rdquo; and the buyer will return to buy again. Importantly, to make subsequent sales of goods you will have to manage stocks and a delivery function.<\/p>\n<p>If you sell services that fix one-off issues &ndash; say remove a dead tree &ndash; once the service is delivered, unless the customer has a forest, it is unlikely they will contact you for more dead-tree removal issues.<\/p>\n<p>However, if you are contracted to mow acres of lawn for a local authority, as long as you don&rsquo;t fall foul of spending cuts or other issues your contract to provide these services will reoccur.<\/p>\n<p>Again, to deliver these recurring services (as with repeat orders of goods) you will physically need to maintain equipment and supply labour.<\/p>\n<p>In all of the above cases, where there is a recurring element to repeat business value can be attributed, but something has to be done in order to deliver the repeat business.<\/p>\n<p>What if you could build income streams based on an initial effort, but no follow-up activity (or very little) to maintain the income stream?<\/p>\n<p>For example:<\/p>\n<ul>\n<li>you could write a book and enjoy royalties<\/li>\n<li>create a subscriber list for your news copy<\/li>\n<li>buy and let a property<\/li>\n<li>invent a product and receive licence fees<\/li>\n<\/ul>\n<p>In all the above there is the possibility to leverage the benefits of your initial actions that will enable to receive income while you are &ldquo;on the beach&rdquo;.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>If you are in business you either buy (manufacture) or sell goods, or you deliver a service based on your personal skills. If you buy or sell goods there is no reason to believe that once you have achieved a sale to a particular person of business, they will return to buy again. Unless, what [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-3437","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=3437"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3437\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=3437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=3437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=3437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}