The phrase “passive income” is thrown around so frequently that people start to believe that it might just be the answer to all their prayers… unfortunately, it often isn’t all it’s cracked up to be. When it comes to the idea that you don’t have to do anything to earn your passive income, we’re firm believers that it doesn’t really exist, at least not in the “set it and forget it” kind of way that’s often promoted!
We do however believe that there are alternative ways to bring in income that will definitely feel closer to passive than working hours upon hours on your client work each week. This branches off of our Offer Triangle Framework, and while we’re talking about it, don’t forget to go and have a listen to our podcast episode dedicated just to that – you can find the link below!
We can’t promise that your new-found income will be truly passive, easy or quick. You’ll definitely have to do some work for it (and you’ll need to keep working on it consistently, too). But, hopefully it’ll be a great new income stream that’ll complement your existing offers perfectly!
In this episode, we’re chatting about:
- What passive income actually is
- Our true thoughts on it and why it may not be as passive as you’d first think
- Three things you can try out in your business to bring you “passive” income
- A way of combining all three to create an incredible funnel to get you as close to passive as possible!
Jump straight to it…
[00:45] What is passive income (and does it actually exist?!)
[04:49] Having variety in your offers
[08:25] Get an email list
[14:05] Ads, ads, ads
[19:13] Using ManyChat bots
This Episode’s Links & Further Reading:
- Learn more about the Offer Triangle Framework in episode 106: “Use Our Simple Framework to Make More Money”
- Microsoft Clarity
- ManyChat
