As todays business world becomes more and more web focused, creating passive income streams online should be one of your main focuses when building a business in the new economy – whether you’re doing this on your own, or with the help of virtual assistants that manage your blog, or even handle the marketing of your site – you’ve got to love making money while you sleep!
This doesn’t mean that (if you have one) you abandon your traditional business. It simply means that you can probably capitalize on the way that consumers are purchasing, more than you currently are.
If you’re a chiropractor, for example – why not create an eBook or audio guide on marketing and promoting your chiropractic clinic in your local area? You could then sell that to other chiropractors to help them grow their own practices.
The possibilities for creating passive income streams are endless – especially if you know what you’re doing! Here’s an infographic I created to expand on this further:
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The ability to create numerous money-making vehicles, switch them onto auto-pilot and then reap the financial benefits is paramount to living a successful entrepreneurial life in the modern world. There are many people doing it successfully, and there is no reason why you can’t join them!
In this short video I share with you SIX ways to be able to produce passive income streamsonline and ‘make money as you sleep’. Also, try to keep in mind that although its not required to begin with, all of these passive income generating ideas can be made a LOT easier by utilizing a virtual assistant.
There are countless avenues to explore when creating passive income streams, the six I discuss in this clip are:
- eBooks and eCourses
- Affiliate and Niche Websites
- Membership Programs
- Software Development (iPhone & iPad Apps)
- Consultation Services
- Packing and Selling of Podcasts
These online income generation ideas are nothing new… heres a video from 2010 which explores the exact same conceptions as in this post, and infographic. As you can see, the rules of the game might have changed, but how you play it hasn’t.
Obviously, there are many different ways to create passive income streams, the most important thing is that its done with passion and great content. Putting something together is one thing, but making sure that people get genuine value from it is a different ball game completely.
If you’re looking to take your online earning potential to the next level I strongly suggest you check out the following articles for more relevant information:
- 25 Tasks You Can Outsource to a VA Today!
- 6 Reasons People will Unsubscribe from your Blog, and How to Stop ’em!
- How to Work with Virtual Assistants to Build Your Online Brand
- 11 Online Video Content Ideas to Build Your Online Business!
Thanks for dropping by, and feel free to share this post, graphic and information in general with your friends if you think this stuff will help them.
If you have had success with your own online passive income streams online please consider tweeting me – I’d love to hear all about it!