The term monthly recurring revenue (Mrr for short) was first coined in 2017 by entrepreneur Ryan Lee. Since then, it has become one of the most popular terms in business model marketing. Many entrepreneurs have adopted Mrr as their own personal branding tool to promote themselves or their product. By defining this metric yourself, you […]
An annual recurring revenue (ARR) model is one that produces steady income stream over time, with no break in service. This does not mean there are not fluctuations, but it does imply some stability. For example, if you run a yoga studio, this model applies to tuition or monthly memberships. You get paid every month […]
As we already mentioned, the rich are not necessarily good or smart people. However, what sets them apart is their ability to create passive income. This is income that comes in consistently, without you having to do anything to generate it. Most wealthy individuals have something like a business they run part time with limited […]
As we mentioned earlier, passive income is defined as money that keeps flowing in to you with little or nothing you do to attract it. However, what most people don’t realize is that not only are such incomes NOT taxed in a progressive system of taxation like ours, they ARE taxed at a less than […]
Why is it so hard for some people to make money? It’s not because they don’t work hard, or try to do good things, but because they don’t understand how to make money from their talents and skills. Many people believe that if they spend time doing something, then they should get paid for it. […]
In this article, we will talk about how you can earn passive income in India. This type of income is not dependent on your active involvement, which makes it much more sustainable than having an income that requires you to spend hours of every day working to keep it. There are several ways to generate […]
As we begin to close this article series, I would like to make one more important point. It is not as popular these days, but building a large income from passive sources is still possible! We have discussed many ways to earn additional money beyond our regular jobs, including: blogging, investing, productizing services, franchising, and/or […]
Read blogs about marketing and write articles yourself This is one of the most important things you can do to learn how to write copy. Writing quality content for other websites is an excellent way to practice, as well as to associate your name with others’ work. You should also read books written by famous […]
What is AI? In short, artificial intelligence (AI) is anything that can ‘think’ like humans do. Modern technology has made it possible to create systems that observe data patterns and automatically control other devices or computers using information derived from those patterns. For example, let’s say we have two sensors; one that observes people in […]
