Want to leverage your time and make more money? As solopreneurs we all share the frustrating feeling that there are never enough hours in the day to get everything done.
Who knows? Maybe the doubters are right. Maybe you are naive to think you could increase your income by working smarter, instead of just working a little bit harder.
Luckily there is a way to increase your income without increasing your working hours, or getting burnt out.
How to Earn More without Working More
Passive income is the art of selling your knowledge, not your time. If you’re already running a business you probably know more than you think about your individual area of expertise, and you can turn that unique knowledge into a passive income product. This might be an information product, such as an e-book, e-course or video class, or a creative product such as an art print or music recording. These are all things that a website can sell for you, while you sleep! Having products available for sale online 24/7 means that you can increase your income and free up your time.
How to Make Your First Product
My friend Star Khechara is an online business mentor with a passion for passive income. She teaches free-spirited women how to monetise their multi-passions into successful online businesses.
Her free masterclass and challenge to create your first info-product shows you how to create a new automated income stream in a matter of hours. It’s perfect for business coaches, life coaches, health coaches, therapists, healers, nutritionists, speakers, workshop leaders, creatives, artists, bloggers and writers.
Check out the fun free challenge here: Create Your First $1 In Passive Income
It Takes Less Than a Day!
I recently did the challenge myself and in less than 24 hours I had created and sold an A4 sized printable PDF, and a ten minute audio lesson (MP3 download) revealing the 10 online tools that will help you to create and sell audio.
When I got my first sale from this little product it gave me such a confidence boost! No, it wasn’t a huge amount of money, but it was reassuring that with a little effort I could make and sell something useful that people wanted. And that was so encouraging, because immediately I wanted to go ahead and make a bigger, slightly more expensive product. I felt inspired!
Bonus Tip: You Already Have the Content!
If you already have a blog, or a load of written content lurking on your computer, then you can easily repurpose that content to make an audio download that your customers will love.
So, are you ready to make your first $1 from passive income? If a lack of techie knowledge has been stopping you from selling audio downloads, this micro-lesson reveals the exact tools I used to make my PDF and MP3.
10 Free Techie Tools for Selling Your Sounds
I don’t want money or time to be obstacles for you, so this audio-lesson is only 10 minutes long, and it costs just £1!
Grab it now and make your first $1 in passive income today!
Now I’d like to hear from you. Have you already thought about creating a passive income stream? What has been your biggest obstacle, that has stopped you so far from making your first passive income product? Leave me a comment below.