Think Outside the Box to Boost Your Passive Income

Passive Income Challenge Day 17.
Think Outside the Box

There is always more than one way to do something. When you are trying to build your passive income, it can at first seem like the learning curve is never-ending. But, if you stick to it you’ll soon discover that all the work you’re doing today is going to pay off again and again tomorrow. Tomorrow, you’ll have that much more freedom to devote your time to what you desire instead of trading hours for dollars.

Shorten the Learning Curve by Hiring a Mentor

One way to shorten that learning curve is to find a mentor. A mentor who is already experienced with building passive income can help you come up with more ideas to grow your own passive income. As a mentor, I have different groups, masterminds, and programs to offer, to help you grow your passive income.

Put in Sweat Equity or Hire a Coach

Be willing to pay for coaching or offer your sweat equity to learn what they can teach you by spending a certain number of hours helping them in the passive income portion of their business so that you can learn how it all works. If you hire a coach that is experienced, you may be better off. However, if you can’t afford one, offering to intern for someone is an excellent way to gain a mentor. If you do a good job likely they’ll keep encouraging you, for life. After all, eventually, you’ll be a colleague and they will be able to promote your stuff as much as you can promote theirs.

Think Outside The BoxThink outside the box, passive income challenge day 17 Think Outside The Box

Return the Favour and Help Someone

Then, when you’re experienced at doing it yourself, you can return the favour by taking someone under your wing to teach them about passive income and the best ways to go about building it. Let them learn how to set up an autoresponder, create a resource page, and maybe even publish your next Kindle book too. After all, we are better together! Be sure to support others on their business journey.

There are many ways to learn about how to do all the things that you need to do to generate passive income. You can get a mentor, hire a coach, and an intern. You can also take a course for each of the areas you need to learn, such as making a good landing page or setting up your Flodesk Autoresponder.

Keep in mind that different people have different ideas of what works and what doesn’t work. Your mileage may vary from person to person. But usually, you can take something good from everyone you talk to or work with to help you build your passive income.

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Think Outside The Box