Do you like the sounds of making money without having to work?
That’s pretty much a rhetorical question. I am pretty sure that the answer is going to be ‘yes’ for the vast majority of people. Why wouldn’t you want to earn money without having to work?
Of course for most of us, this isn’t likely to become a reality any time soon and there’s always going to be effort involved in making a good living.
But while you might not be able to get ‘something for nothing’, there is a good chance that you can bring in profit that is vastly disproportionate to the work you do. And what’s more, is that you can stop ‘swapping your time for money’.
And in fact, you can do all that quite easily.
Here is our website offering you a complete course. But first read along out short introduction:
Three Powerful Passive Business Models – A Five Minute Guide
What I’m talking about here is ‘passive income’. This isn’t ‘getting money for nothing’ but rather it means setting up a business model that can eventually sustain itself with little-to-no input from you.
That’s right: you create an automated system of selling or of publishing adverts, or of recommending products and from there, you can continuously earn money… indefinitely!
So you have put work in but once you’ve done that. You can simply kick back and relax and let the cash come rolling in.
You aren’t trading time for money anymore. That means that you’ll go to bed and wake up the next day a little richer. And it means that you’ll be able to go on holiday and continue to earn. And it means that if a friend invites you out for the day, you can just drop whatever you’re doing and go – no need to tell employers or clients.
Better yet, because passive income is automated and requires no further input from you, that means that you can continue to repeat the same business model over and over again and thereby increase your earnings over and over again too! This is called ‘scaling’ and eventually, you can be earning massive money by having multiple ‘income streams’ all working at once.
It’s kind of amazing…
Selling a Digital Product Online
Making it Actually Work
Right now, you probably have a few routes to market that will make it very simple and very easy for you to make those sales. For example, you might just so happen to be friends with the editor of ‘Gardening Magazine’. If that’s the case, then take advantage of that audience by creating a gardening ebook. Create the product, find the right audience and match the two. That’s all it takes – so think about your existing opportunities rather than trying to invent new ones from scratch.
Creating and Selling an App
The key to success here is once again to be smart with the way you approach the creation of your app. And specifically, you need to forget trying to reinvent the wheel. As an app developer myself, I will often get approached by people who tell me about their big idea and want my advice.
You don’t even need to be original. Find a product that’s already selling, mimic it, and then sell it to a slightly different audience!
Making Money From YouTube
Our last option for this guide is going to be making money from YouTube.
This is something that a lot of people never think of as being ‘passive income’ but actually it can be if you approach it the right way. If you can create an evergreen video (meaning it will never become dated) and get it to the top of the search results for a popular search term, then you can generate a lot of traffic to that video on a daily basis without having to do any maintenance.
Get active now so that you can enjoy being passive later!
Or see our complete course package: