Passive income can benefit absolutely everyone, no matter what type of business you have or profession you’re in. The key is to make the digital product creation process as simple and inexpensive as possible. This doesn’t mean your digital product will be cheap; it means you should focus on your area of expertise and solve a common problem among your audience.
In 2015, I created my first digital product, which is still being purchased today. Most people regret not creating passive income sooner.
Also, the term “digital product” refers to information typically offered on the internet in a digital format.
Let’s review why you need to create a stream of passive income:
For any entrepreneur or business owner with an online presence, there are many ways to build income streams to bring in extra money while you focus on serving your target audience.
Passive income is one way to boost your bottom line while you actively market your business. Some passive income strategies requires little to no effort to earn and maintain with minimal participation on your part.
If you’ve invested good money into your business and your website, then, why not make it work harder for you?
Here are 3 ways to build additional income streams into your business starting today:
#1 - Creating upsells in your sales process is an overlooked place where you can bring in extra money. Do you have a basic sales process in place, where you make an offer to your broad audience and then have more focused, high-end offers for them to choose from over time? These additional offers can lead to your high end offers. Now, for each main offer in your...