Passive Income Challenge Day 3
Online Business Can Benefit from Passive Income
It doesn’t matter what you’re doing right now as your main source of income. You can add passive income sources to it. Having multiple passive income sources will give you some freedom to go on vacation, be sick, and be choosier about the work that you do and who you do it with. Let’s look at a few different examples of small online businesses and how they may benefit from adding passive income to their business model.
Website Designer – While designing websites may be your main source of income, there are things you can add that will boost your income. For example, you can create a recommended tools and services page that lists everything you love with affiliate links and make sure you give that to people on a regular basis. You can also recommend directly to clients with your affiliate links different services such as hosting, domain name purchasing, autoresponder services, and whatever else they need.
Virtual Assistant – As a VA, you provide some form of service in a particular niche to your clients. There are likely products and services that you know work well for most of them. You should become an affiliate for those products and services and, again, make it a habit of recommending them to all your clients.
Writer – If you write content as a ghostwriter, then there are many opportunities to expand your income with passive income. You can recommend services, platforms, and more to your clients. You will get ideas from them based on the types of software and services they use.
Coach – A coach, depending on their niche, has wide latitude in choosing different software, services, and products to recommend to their clients and community. For example, if you’re a health coach, any products that you believe are good for your clients can be promoted as an affiliate.
Niche Blogger – Whatever niche you blog about, there are products and services that you can join their affiliate program and promote to your audience. Promote them in the content, on a special recommended products page, and within autoresponder email.
YouTube Star – Again, whatever niche the YouTube star is in will inform what types of products and services are promoted. If the audience needs it, then you should find a way to promote it. Get people to join your email list so you can promote more there.
Adding passive income can benefit any type of online business in many ways. Making money in six months based on something you did today is a great feeling and can provide the security that you need in the online business world.
Benefit from passive income.
P.S. Sharing is caring! So be sure to share this with your network and help fellow female entrepreneurs kick 2021 in the arse!
In case you missed previous and posts, here they are:
Day 1: Why You Shouldn’t Put all the Eggs into One Basket
Day 2: What exactly is Passive Income?