How To Get Paid To Listen To Music On Spotify 4 Atypical Ways to Franchise With a Passive Income

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4 Atypical Ways to Franchise With a Passive Income

While most people in the world spend their day working for someone else, some of us are just crazy enough to own our own business. But starting a business, whether it is traditional or something that others can start a business (until they know how much you earn) can be a challenge.

That’s where franchises come in. Franchises are business systems created and edited by others, and all you have to do is buy licenses, plug them into their system and grow. At least that was the idea.

And while some franchises require advertising and resale, even to get the same customer back door again and again, some franchises benefit from a pattern of recurring revenue.

Of course, the idea is to sell once and continue to make money for a long time.

But it does not have to be a traditional retail business right. You can also benefit from creative stories or franchises, such as movies or books.

Here are some more examples:

1. Patent

One of the largest sources of passive income comes from patents. Patents are the way you get paid for ideas. By registering an idea as well as its practical application, you can earn money every time someone uses your product. This means you can continue to earn money until the patent expires.

2. Write a book

With the advent of e-readers, you no longer have to go through publishers to earn passive income from books. In fact, you can create anything and put it on the market. Have you ever seen something in the literature that you believe should have been there? Do you have the next great idea for an American novel? Do not wait. Put your stuff there and collect passive income that is hard to find.

3. Create a song

Not everyone has to have a recording contract to make money through music. In fact, all you need is some tools and some luck. Passive income comes from someone else getting the right to play or listen to your music. Additionally, you can be paid on some sites like Spotify every time someone listens to your music. So start creating and putting yourself in there. The more you create, the more something you create is likely to become popular.

4. Create an application

By far the most popular passive source of income, the program can generate wealth for many years. Software is software designed for mobile devices that serves a number of functions. By creating an app and putting it on the market for a price, you can create passive assets every time someone buys it. That means your single mind and time investment can create wealth for years to come.

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