Do you have passive income?
Yes, you can make money while you sleep...
Entrepreneurship is a delicate balance of working hard AND smart.
But sometimes, working smarter and not harder is key to growth and burnout prevention.
Passive income allows you to do just that: make money without actively working on something. Talk about a great way to supplement your regular income while maintaining your work-life balance.
But how can you create a passive income?
I’m willing to bet you already have assets that would make a fantastic passive income stream.
Whether you own a brick-and-mortar business or a business in the online space, there is room for you in the passive income market.
Here are some effective strategies to help you grow your passive income:
Create a digital product.
How-To Guides, E-Books, and Planners are great tools that people are always searching for in the digital market. Consider your skillset and expertise and develop something that stands out. (Are you a fitness junkie? Create an exercise plan. Love to build websites? Create some simple templates.)
Develop an online course.
Think of all the training you do for clients or customers, and make it into a course that anyone can consume. (I did this exact thing with my Clicks To Cash Lead Funnel Training!)
Affiliate Marketing.
We all share products we love all the time, so why not get paid for it? Many websites offer a way to earn a commission (or a discount on your membership) every time someone makes a purchase through your affiliate link.
I’m going to be sharing all things passive income in my Facebook group at noon CT today. Come listen, learn, and share your own ideas!