One of the recently trendy business strategies over the last decade is the idea of creating “recurring revenue”.
The basic concept is that you can create content and marketing that together drive sustainable revenue long after the content is first created. In other words, you spend a lot of time creating something (an e-book, for example) or reselling someone else’s services (like Amway) and over time the business automatically drives large amount of revenue back to you without much ongoing effort.
Which sounds exciting.
Especially if you’re an entrepreneur who is getting older in age or someone interested in pursuing personal hobbies while making enough money to support your lifestyle. It’s exciting to imagine that you could plug an idea into a proven process, automate your marketing, and then watch as revenue piles in the front door.
The reality is that that strategy doesn’t work. It’s not just a financial scam (where...






