Three Digital Products For Passive Income

BUSINESS

Oct 26

Passive Income: When you don’t want to work too hard and make money at the same time. That’s a good deal for anyone, right?

Passive income is the holy grail for many entrepreneurs, but what is it? Passive income is simple: It’s the money you make while you sleep. By building an asset that generates cash flow over time, like a website or an online store, you’re actually building wealth and getting rich slowly over time.

This is the life. With passive income, you can have money coming in even as you pursue your primary job, or kick back and relax a little. Either way, this extra income ensures a nice financial cushion to fall back on.

Here are three of my FAVORITE digital products you can create to earn passive income:

1. Online Courses & Webinars:

Teach what you know. It takes some time to create but the beauty is you create it once and it teaches for as long as it's live. Believe it or not, creating an online course doesn't need to be the mammoth, scary task you think it is! In fact, I created my first online course while holding down a 9-5, a side hustle and being a single mom - so if I can create an online course, you can too. With this simple course creation workflow, you will get that course up and running in no time.

2. Printables:

Make graphic design prints, home decor prints, workbooks, print on demand products like custom t-shirts, notebooks, and mugs. For print on demand items, you can make your custom design once and upload it to a drop shipping company of your choice. They will be responsible for creating, shipping and packaging the order while you sit back and enjoy your vacation.

3. Exclusive membership communities have always been popular. And big companies already know this. It's the reason why they have members only discounts & perks only with their exclusive card. You can use the same format to form your own community. With as little as $5 a month, you can have recurring members that are loyal to you and offer them exclusive discounts, special items and even have special webinars just for these members.

WATCH THE VIDEO BELOW

In the video below, I go into more depth to the three products.

Stay positive & Dream Big,