Sample Content Preview
Three Powerful Passive Business Models
Three Powerful Passive Business Models -- A Five Minute GuideA Five Minute Guide
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.
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…
But Let’s Get Real: Is Passive Income Really That Easy? Can Anyone Do It?
But you’ve probably heard promises like this before right? Normally on ‘make money’ websites that promise expensive schemes that involve illicit activities, usually involving ‘tricking’ Google in some way or another and often involving a lot of complicated jargon.
You buy the ebook, you read through it… and then you just give up, frustrated.
Is passive income really possible for everyone? Or is it just a pipe dream?
The answer is that it is very possible – but you just need to think about it in the right way.
For starters, you need to recognize that passive income does not equate to a get-rich-quick scheme. There is a lot of work involved and you’re not going to start seeing massive money overnight. If you go into this expecting to get rich with minimal effort, then in all likelihood you’re going to come away very disappointed.
Instead, you should get into this looking for a way to supplement your current income and lifestyle and to earn extra cash without having to work hard for it constantly. Best of all, this is a way you can earn while doing something that you love.
Creating a blog or selling a product can help you to generate additional income without having to continuously put in long hours. That means you can do it on top of your regular business or regular job. And even if you only earn $50 a week – that’s $200 a month. That in turn is enough to go on a few extra holidays a year, to put aside some serious savings, or to treat yourself to some exciting gadgets.
And it’s all from writing about something you love and from creating a business model that you can really be proud of.
And once you start seeing that cash flow and you stop trying to ‘get rich’, you’ll find that it’s surprisingly easy to keep it growing and to keep that money coming in.
And you can even repeat the strategy you just employed in order to multiply the income several times over.
The other thing to recognize, is that you need to be smart about the way you approach these business models. The key is very much to work smart rather than hard. You need to be able to understand the thought process of your audience and you need to know how to create something that will work without wasting lots of time and effort on small details that really don’t matter.
But I’m not just going to tell you what not to do. I’m also going to help you actually get started with one of these smart business models so that you can begin seeing that passive income pour in right away.
In this guide, you’re going to learn three simple ways to start making money while you sleep. And all of them will be simple, effective and easy to implement…
Selling a Digital Product Online
One of the easiest ways to start making passive income is to sell a digital product online. This is what Tim Ferriss calls a ‘muse’ – a very simple sales process that will bring in cash to fund the things that you care more about.
So where do you start?
First, you need to acquire said digital product. A digital product is anything that you can sell that doesn’t have a tangible aspect. A good example here is an ebook but video courses also work well, as do email courses.
Whatever the case, a digital product has the benefit of being completely free to produce (no overheads) and not requiring any delivery or storage. This means you can create it once and then sell it indefinitely. And you can also use a digital delivery system to take payments and then send the product.
To make this product, you can either spend some time doing it yourself (an ebook is just a PDF in most cases, which you can make with MS Word) or you can hire someone to do it for you. Writers and writing agencies are easy to find online and won’t normally cost you that much (a few hundred dollars often for an entire ebook).
You’re then going to create a sales page. This is going to be a single page designed to sell your product using persuasive writing and a smart layout. It’s very important that this page be well designed because you need to gain the confidence of your audience and look like a ‘real business’. There must be no concern in their mind that their payment might get lost in transit, or that you’re going to take their money and then never deliver the actual product.
It’s also very important that you make it as quick and easy as possible for people to checkout. That means they should be able to click ‘buy’ without having to worry about entering their payment information or sign up. Most sales are made on an impulsive basis and in order to take full advantage of that, you need to ensure your site allows for those impulsive purchases!
Finally, you’re going to use Facebook Ads in order to target your advert to the right people in a way that means you’re only paying when someone actually clicks one of the ads. You get to set how much you’re willing to pay for each of those clicks, which means that you’re going to be able to ensure that you’re earning more money overall than you’re spending.
In short, the right people get sent to your sales page, they get tempted by your sales pitch and they quickly and easily check out.
- License: Master Resell Rights
- Category:Ebooks
- Tags:2020 Ebooks With Audio Master Resale Rights