All this talk about passive income. Is passive income really passive? In one word, No! Passive income is not all passive, and it is not for the passive personality type. It’s for purposeful people who don’t mind putting work in upfront to get a more fluid return on the back end. What I’m saying is, you get out of it what you are willing to put into it.
Passive income shouldn't be viewed the same as the Google search definitions below.
- What is Passive? - To accept or allow what happens or what others do, without active response or resistance.
- What is a Passive Person? - If you describe someone as passive, you mean that they do not take action but instead let things happen to them.
- What is a Passive Activity? - A passive activity involves watching, looking at, or listening to things rather than doing things.
Passive Income happens when the work goes into it first. Then there may be less maintenance when the product or service is built, marketed, and is generating a return on the time and money you invested to get it going. You benefit by creating an opportunity to receive income 24/7 for your work. The passive income entrepreneur is always mindful of growth and improvements.
Now for the passive income option for this last stream in the 7-week series: Podcasting. I’m excited about it and will be launching my show in just a few weeks. I’ll also be releasing a new book and companion planner the same month. Stay tuned and be sure to subscribe to my blog as I share tips, advice, and resources on these two passive income streams in “real time” action steps for marketing and promotions. Why? Aspiring podcasters and authors need to see how it works together to achieve an end goal. You will also see and learn from the mistakes I’m sure I will make along the way. We can experience the journey together. If you know how you want to finish, there is more incentive to start! I can’t wait to get started!
You now have 7 Ways to Win with Passive Income.
- Take Your Skills Online
- Find a Profitable Product to Sale Online
- Write a book
- Publish Content on YouTube
- Peer Lending
- Drop Shipping
- Podcasting
ENTREPRENEURSHIP EMPOWERMENT: “Winning with Passive Income." This week 7 of 7-week series offers another doable income stream to help empower women in entrepreneurship. The various income options will require some hands-on work, but they can also earn income while you sleep. That's something you don't get at a 9-5.
Be inspired to Live Your Dreams Awake in 2018!
To get your ideas flowing, check out my free webinar replay: Supplement Your Income with Passive Income. Need help getting things going? Let’s chat. Schedule a complimentary 30-minute Breakthrough Call.
I'd love to hear your feedback. Please comment below.
Pat B. Freeman
Inspirational Business Speaker|Empowerment Coach|Author
Passion: Entrepreneurship
Audience: Professional Women
Turning Inspiration into ACTion & Passion to Profits!
Coming Soon!
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