Are you familiar with the term compound interest?
Relax, I’m not about to take you through a complex mathematics lesson…
Instead, I’d like to show you how a long-standing mathematical term – compound interest – can be related to content marketing and its successful application for your business.
What is compound interest?
I’ll try to make this as simple as I can – hopefully!
Let’s assume you have $1000 cash you are willing to invest in a fixed deposit with your bank.
Let’s assume again that you will be getting 10% interest on your fixed deposit annually.
If you invest this for say 20 years, your accrued interest would be $2000 independent of your invested principal of $1000.
In simple terms, you have turned $1000 into $3000 using the concept of simple interest.
What this means is that you have earned interest of $100 every year in passive income.
See how it looks like:
The… Read More