Think passive income and you’ll immediately be steered towards courses or memberships.
But are they really passive?
Let’s get the definitions out of the way.
What is passive income?
Passive income is money that you earn that doesn’t require a lot of active work to continue doing it.
So, in essence, the bulk of the work is done right up front, and you don’t require a lot of additional effort to continue to make it.
Have this definition in mind because that’s the yardstick we’re going to use as we consider the following revenue streams:
I’ll also be walking you through their pros and cons as well as how passive they are in my business model.