![]() ![]() If your passive income streams can free up some of your time, you may find you can get to those crucial money-making advancements that you’ve been too tired to tackle. Yes, you need to take care of the day–to-day running of things, but it’s also smart to put aside a couple of hours to invest in something that will support you long-term. Just like investing your money, it’s important to wisely invest your time. Add a logo to the beginning and voila! Your brand has grown legs to run with while you’ve automated part of your passive income process. ![]() You can put these together into an e-course, post them to a paid membership site or pick and choose which ones to email to each client as part of the services you provide. If you find yourself repeating things again and again to many clients, it’s not hard to start video recording your nuggets of wisdom. ![]() Creating a book cover has never been easier either, now that professional photographers are licensing their photos on a massive (and affordable) scale. ![]() They can be used as free teasers for a larger product, can be incentive items to increase your mailing list or can be viral marketing pieces that spread your brand. E-Booksĭid you know that an e-book can be a single page? In fact, the shortest e-books get downloaded more often and serve many purposes. Many businesses are offering affiliate marketing compensation, and these examples are only the tip of the iceberg of these opportunities. Each time a customer clicks on your link and purchases the product or service, you can receive between 4-10 per cent of the sale. Is there a series of products that you recommend to clients regularly, but never receive compensation for? Many companies, such as Amazon and Shopify, have great affiliate programs that you can add on to your own website. Imagine – that’s just one way to use e-commerce. Creating an e-Store in 5 Minutesĭid you know that you can create a free account on any number of product creation sites, and they will not only print your image, slogan or logo onto products for you, but they’ll also take care of shipping and billing as well? It’s a hassle-free way to have your products made so you can set up an e-store fast. Software and hardware costs are coming way down, and support providers are popping up to facilitate many new possibilities. You had to be a huge corporation with a team and budget behind you to create any of these passive income generators.īut in the last couple of years, we’ve had passive income game changer after game changer. Passive IncomeĬreating products, selling online, setting up affiliate relationships, making your own videos, creating e-courses and e-books – all of these used to be out of reach. We came to this point in our own businesses and now want to share what we’ve learned about generating passive income with you. After years of blood, sweat and tears, it might be nice to build something that runs itself for a change! Running your own company can feel like running a never-ending marathon, even though most businesses are started with great enthusiasm and passion. As small business owners, we know that we can never bill for all the hours we work, and we will never come to the end of our To Do list. ![]()
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