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August 9, 2019August 5, 2019 Passive Income Approaches

Public Speaking For Passive Income

There are several passive income and side hustle options that get mentioned over and over. Public speaking is one of those options. It seems like it is a trendy way to earn a little income while building a brand or name recognition. While these side effects are excellent, the revenue side is not what it is often portrayed to be. Public Speaking Everywhere One of the challenges with making money as a speaker is the flood of options. While there are more opportunities to speak, there is also a flood of people wanting to do so. The competition is fierce at the high end, and the dollars available are sparse until you can reach those upper levels. It takes a... Read more

August 7, 2019August 4, 2019 Passive Income Approaches

Content Producer For Passive Income

While not precisely passive, a content producer can open up multiple streams of revenue. We will point back to this option as a potential step in several episodes of this season. Thus, we set the stage early for ideas that can lead us to take this step with a minimum of additional effort. I guess that makes this “passive-ish” instead of a genuinely passive income topic. Hobbyist as Content Producer A secret to producing compelling content is being excited about your topic. Thus, the content producer that is most likely to succeed is the one that loves their work. Our hobbies and activities that we would do for free are the best topics to consider. That is where we find... Read more

August 5, 2019August 4, 2019 Passive Income Approaches

Affiliate Links For Passive Income

One of the most popular methods of passive income is the use of affiliate links. While there are courses and numerous books about it, there is a lot that gets missed. This option is not a method of generating revenue on its own. The key to success in this area is getting eyeballs to your site. Affiliate Links Need Traffic The essential step in using this revenue approach is the one that is often glossed over. You are not going to be successful without bringing visitors to your site and then getting them to click on the affiliate links. Thus, how you create your website and its value are paramount. This method of passive income is a secondary consideration and... Read more

August 2, 2019July 29, 2019 Passive Income Approaches

Creating Products as Passive Income

The best possible approach to passive income is by creating products. Even a single product can provide a substantial profit. Of course, there is a cost involved in researching and creating that product, but the pay-off can be limitless. The time and effort spent can be completely worthwhile. On the other hand, it can all be a complete waste. From Creating Products to Passive Income There are all sorts of products out there. Some require a considerable amount of time to keep the pipeline full, while others require little. Digital products like software applications are some of the best ones in the passive income space. It takes time and know-how to get started but reproducing the product for each customer... Read more

July 31, 2019July 29, 2019 Passive Income Approaches

Value-Added Reselling As Passive Income

Value-added reselling is roughly a form of passive income. However, it is still a good enough approach for us to look at it as an option. This approach can lead us quickly to a product for a side hustle and maybe even the automation required to limit our required hours each week. We will not always find this to be a passive approach to income. Nevertheless, it can be done with proper outsourcing. Customization vs. Value-Added Reselling There are several ways to add value to a product. When one thinks of value-added reselling, often the addition is in the form of services, packaging, or delivery. However, you can also extend a product or provide customization or configuration that is not... Read more

July 29, 2019July 29, 2019 Passive Income Approaches

The Passive Income Approaches Season Overview

Passive income is a hot topic in certain quarters. Likewise, we have mentioned and even discussed this approach to revenue over the years. This season will focus on passive income approaches and side hustle families of work that are in the “work now, earn later” vein. While some of the topics this season will have the potential for life-changing income, many will not, and some will be very small. The key concept to remember is that any additional income is the icing on the cake. Some additional funds are better than none. Money Making Money One of the areas we will dig into for several episodes is the idea of your money working for you. This approach is a classic... Read more