#025: Recurring Income From The Internet [Podcast]

You can take your business from idea to recurring income in a very short period of time (sometimes even mere days!) And if you plan it right, you can do the work once and get paid over and over, month after month. This episode outlines a plan for how to do just that – use the internet to create recurring income.

This Week's Tip

  • Wistia offers more control, better quality, and better analytics for your videos.

Spiritual Foundations

Think abundantly – God does!

There is one who scatters, yet increases more; and there is one who withholds more than is right, but it leads to poverty.
Proverbs 11:24

Feature Story: How To Build Recurring Internet Income

The only thing better than creating income from the Internet, is creating income that shows up every month, like clockwork. This doesn't have to happen by chance; it can be engineered consciously. That's what this week's episode is all about.

The key thing to remember is that most people make this more complicated than it needs to be. It's really quite simple, and can be boiled down to seven steps.

  1. Build a tribe.
  2. Find out what they (a) want and (b) need.
  3. Sell a product that sells itself.
  4. Sell a product people need (and want) every month.
  5. Use WordPress, Clickbank, and Wishlist to run your business.
  6. Promote your site.
  7. Repeat as needed.

Listener Questions

Robert Plank asks about how I make this podcast.

Announcements

 

SUBSCRIPTION LINKS

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Call in your questions or comments to our new, fancy “request line” at (509) 713-2679

Question for you: Do you already have recurring income? If not, what holds you back? Comment below, or call in at (509) 713-2679

 

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Ray Edwards is a world-renowned copywriter and communications strategist, writing for some of the most powerful voices in leadership and business including New York Times bestselling authors Jack Canfield and Mark Victor Hansen (Chicken Soup for the Soul) and Tony Robbins. Ray is a sought-after speaker and author, hosts a popular weekly podcast, and blogs at RayEdwards.com.

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  • Robert Plank

    Hey man, I gotta find out what intro stock music you use. I want to steal it. I’ve been hunting all around pond5, audiojungle (but it sounds more like a premiumbeat) and I give up… what is it?

  • Hi Ray, curious about this issue from a “donation” standpoint. I’m running a ministry site and would love to provide an inexpensive (to me) way to let people make recurring monthly donations to support the ministry. Do you know of any plugins or systems that would allow for that? I know I can do it on Paypal, but I would have to create a series of buttons with varying prices with the recurring option, or I could make a button for a “fill in your amount” option, but it wouldn’t have the recurring feature. Recurring is what I’m after… any ideas?

    • @Carey Green I think if you want people to be able to select their own recurring amount, you could probably do that through authorize.net. But you would need to consult their documentation or their customer support department for the specifics of how to do it. I am fairly confident it can be done.

    • Robert Plank

      @Carey Green The fill in your amount is very easy. Just create a PayPal button with any monthly amount (say 100.00) and then find someone to change that one hidden HTML form field into a text field. Anyone who knows HTML can do this, anyone on Fiverr can do this.

      • @Robert Plank  @Carey Green Robert Plank to the rescue! Thanks Robert!

      • @Robert Plank – Thanks Robert, I’m fairly html savvy, but not sure what you mean by “into a text field” – what kind of field would it normally be?

        • Robert Plank

          @Carey Green Create the PayPal button, make it a non-hosted button (I think at the bottom of step 1 or top of step 2 you have to uncheck “host this button at paypal” or something similar) and then UNCHECK protect code, after the button is created. (If I remember correctly.)
           
          Find the HTML code in the button where it lists the price. It should be something like [input type=”hidden” name=”a3″ value=”100.00″]
           
          Change to…
          Enter your amount here: [input type=”text” name=”a3″ value=””]

        • @Robert Plank wow- I just THOUGHT I understood html. That is VERY helpful Robert. Thank you!

        • @Robert Plank Hey Robert… I tried what you suggested and when I get into Paypal it says the code is invalid. Here’s what I have…
           
          <form action=”https://www.paypal.com/cgi-bin/webscr” method=”post”><input type=”hidden” name=”cmd” value=”_xclick-subscriptions” /> <input type=”hidden” name=”business” value=”E8Z53MNEC96JY” /> <input type=”hidden” name=”lc” value=”US” /> <input type=”hidden” name=”item_name” value=”Christian Home and Family Partner” /> <input type=”hidden” name=”no_note” value=”1″ /> <input type=”hidden” name=”no_shipping” value=”2″ /> <input type=”hidden” name=”rm” value=”1″ /> <input type=”hidden” name=”return” value=”http://www.christianhomeandfamily.com/donationthanks” /> <input type=”hidden” name=”src” value=”1″ /> <input type=”text” name=”a3″ value=”” /> <input type=”hidden” name=”p3″ value=”1″ /> <input type=”hidden” name=”t3″ value=”M” /> <input type=”hidden” name=”currency_code” value=”USD” /> <input type=”hidden” name=”bn” value=”PP-SubscriptionsBF:monthlypartner.png:NonHosted” /> <table> <tbody> <tr> <td><input type=”hidden” name=”on0″ value=”How did you hear about CHAF?” />How did you hear about CHAF?</td> </tr> <tr> <td><input type=”text” name=”os0″ maxlength=”200″ /></td> </tr> </tbody> </table> <input type=”image” name=”submit” src=”http://i106.photobucket.com/albums/m256/ammcf/monthlypartner.png” alt=”PayPal – The safer, easier way to pay online!” /> <img src=”https://www.paypalobjects.com/en_US/i/scr/pixel.gif” alt=”” width=”1″ height=”1″ border=”0″ /> </form>

        • @Robert Plank Nevermind… I got it figured out!