Publisher's Synopsis
Whether you're an absolute beginner with zero programing skills or you already have knowledge of on-line income and you want to expand, then this book is for you. This will be the most exciting guide you have ever read, why? Because it will teach you exactly how to build your first ten income streams and then build the links that feed each other to increase your income. With each link being both a source of business and a referrer of business, the net effect of this Cross Collateralization is a Compounding Income and a business model where you only work on the business and never in it. This book has three important categories; 1.The theory- a behind the scenes look at online income 2.The method - a step-by-step how-to guide including the websites that'll need. 3.Actual ideas to help you along. To be truly passive, the COMPOUNDING INCOME method builds the business of on-line income without ongoing work. It's a methodology where you don't mind putting in the work to start the business as long as you earn money from that business on an ongoing basis. The business that generated that money then refers buyers and thereby income to other legs of your on-line model that also refer business back, thereby creating an effective compounding income with zero risk and in most cases zero outlay. This self-sustaining on-line business model has no need for programing skills, employees or ongoing money to be spent supporting it. What it does require is a desire to succeed, an ability to hold onto a vision and the dedication to put time and effort into learning new ways of doing things. This book is an absolute step by step guide but you will still need to put in the time to learn so our recommendation is that you read through this book in full before you even sit at your computer, that way you'll have a great understanding of the overall concept of on-line income from multiple streams. You'll understand how to manage the various systems and programs that we will use, you'll understand why we link our projects and you'll see from the outset that the time you are about to put in will truly pay you a sustainable, reliable, ongoing income. The first layer of this book is a step by step guide for both beginners who have never built an on-line income as well as those more experienced to build new income streams. This first stage deals with the foundation, the building blocks that on their own will generate a passive and ongoing income. The next stage is to leverage off these building blocks to create 'spin-off' income. This is income that is not directly related to that particular business but is complementary to that income 'building block'. The third stage is to link all of these building blocks together in the same way that the veins in your body link all your muscles together by supplying oxygen rich blood to create a system that works in harmony. Each building block has its primary function to create an income, its secondary function is then to refer business to other building blocks and receive business to supplement its own growth. Layne Lancefield and Staci Chamberlain are the authors of '5 passive income streams in five days' and '50 ways that people make extra money for additional income'. Built on the success of their previous books, 'Compounding Income' builds on the principle of online income that feeds and refers to your other online passive income streams to create a compounding (or in simple terms, a snowballing) effect that is multiplied by the power of the number of streams both feeding and being fed. If you have read '5 Income Steams in Five days', you'll understand Layne and Staci's devotion to the idea of Under Promise and Over Deliver where they taught many more than five income streams and Compounding Income will deliver many more than 10 income streams by the time you're finished. Each of these income streams can stand on their own but with links to each other they become powerful.
