Passive Income Generation for Business
Every business an online goal . .
. . . but few understand the true myriad of passive income options that actually available to every business. The right mix can change your entire business.
What Does Generating Passive Online Income Look Like?
When we discovered what passive income looked like, it change our business model forever. While sales of our products was always at the forefront, it was no longer the end game. Instead product sales were merely setting the stage for longer income.
While this kind of revenue hasn't become mainstream for brick-and-mortar businesses, those business are often in the best position to generate passive income.
Things like memberships can be great sources, if the product is something you're already creating. Memberships that include the creation of new assets is not passive income, but instead a 2nd time consuming job.
Affiliate income is something that's primarily been part of the digital marketing business model, but it works for any business and is a fantastic income source.
Your regular emails to your client base can actually be an income source.
As can the walls in your store.
The best part about passive income generation for business is seeing their income compound over time. When this secondary revenue source pays the mortgage, pays the bills . . . it gives you an unprecedented freedom to try new things.
THIS IS WHAT WE WANT TO FIGURE OUT AND SET UP FOR YOU.
What about $60K/month?
We helped one of our clients turn their videos into $60K / month in digital ebook sales. It consisted of creating intrigue and driving the audience to a 5 question quiz followed by the product.
Then the passive income kicked in once they got into the book. The book wasn't the goal, the next step was.
Don't just sell the book!
One of our authors had a book of stories about overcoming grief. He was trying to sell the book on Amazon through social media. In seeking another income source, we turned part of it into a pamphlet and sold the pamphlet to a hospital network to give to grieving patients. That income keeps coming while he focuses on other things.
Our BC Stack product every June. . .
BC Stack does really well the week it is on sale. But the June sale isn't the goal. The goal is the affiliate passive income it creates every year and then compounds every June and October and June and October and . . . on and on.
The best part about this kind of income is it's created entirely outside our business. We merely reap the ancillary profits.
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Can I add that Dan R Morris did this for us and he is the BOMB! We have implemented several things already, including Google Adsense streams, and our revenue is up 137% so far.
Liz Latham
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Dan's mentorship over the years has been a big reason why my businesses have thrived.
Andee Hart
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You can not put a price on what we learned from you. I am forever in debt to you both.
Emily Liscom
All it takes is a conversation
Meet for coffee?
Talk over Zoom?
Or start by email.
What makes us different
We've spent the last twenty years in the TV infomercial industry, in the blogging world, in the podcasting space, and speaking to thousands about generating passive income for business. We would love to share with you ideas about passive income generation for your business that you may have never considered. And tweak what you have to grow fast.