Happy Labor Day!
This long weekend signifies the end of summer, gives folks a chance to take a breath before the school year kicks in, and allows Americans to celebrate … work?!
Not many people know that the patriotic Labor Day holiday has its roots in Canada. U.S. President Grover Cleveland fast tracked the first official Labor Day in 1882. The timing and even the name of the event was largely due to the pressured politics of the day.
Why work once and get paid once?
Most people labor under what I call the “Work Once, Get Paid Once Model.” Hourly workers, for example, toil for 60-minutes and get paid for that 60-minutes. Many workers get paid upon the completion of a project.
I practice the “Work Once, Get Paid Forever” model. As an information marketer, I create print books, e-books, audio programs, and DVDs and then sell them in perpetuity.
I usually create “evergreen” content that only requires slight revisions, so once the product is created, I can go on to other things, while that product continues to generate passive revenue.
You’re an expert, why not cash in?
Malcolm Gladwell, in his great book, Outliers: The Story of Success, claims that anyone who works at something for 10,000 hours is, for all intents and purposes, an industry expert.
In other words, if you’ve worked in an industry 40 hours per week for five years, you’re probably more than capable of creating passive income from an information product.
As a bonus, being known as an author will give your reputation a bit of a shine.
How to create info products
Let’s work smarter, not harder this 2011 Labor Day.
For more ideas on how you can create passive income from info products, listen to my How to Create Info Products audio CD. Order now and I’ll throw in a 30-page e-book on the subject.
-Michael Angelo Caruso Royal Oak, Michigan
Two street vendor brothers, Frederick and Louis Rueckheim, sold a popcorn-molasses-peanut confection at the Chicago World’s Fair in 1893. They perfected their recipe by 1896 and called it
One unusually frigid night in San Francisco in 1905, 11-year-old Frankie Epperson accidentally left a powdered-soda drink he had made for himself on the porch with the stirring stick still in the cup.
“Speaking is the easiest money I have ever made because I get paid to talk about my passions and help people at the same time. The other revenue streams I have created from this are just icing on the cake. Thanks, Michael, for showing me how!
“Michael, I wanted to thank you personally for making me look so good as Education Coordinator for the Michigan Assessors Conference! I’ve heard nothing but fabulous comments about your sessions. Your great personality was a fit with everyone who attended.”
I’m having fun getting older! One of my favorite benefits is realizing that life isn’t about getting, it’s about giving. 
