#Passive income business how to
#Passive income business professional

Each time the recipient pays back their loan, you make money. This is where you help fund loans for others in need. Check out these strategies for success: Find investment opportunities that grow over time In fact, earning passive income can be one of the most satisfying ways to bring extra cash in to help fund and safeguard your business. Imagine earning revenue over and over for the work you do once. How can you make passive income to fund your business? That can be significant for almost any business. Not sure if a side gig is really worth your time? 73% of Americans make at least an extra $500 a month with their side gig - with 12% of Americans making up to $1000 extra each month.

There are money-making opportunities all around us if we just take a second to look.įor small business owners, temporarily shifting focus from your daily operation and seeking out income streams can bring additional growth and funding to the business you care so much about. The Hartford Last Modified: Febru7 min read

#Passive income business how to

Graham Cochrane is founder of The Recording Revolution, author of ' How to Get Paid for What You Know ″ and is a business coach to over 2,800 customers worldwide.

People gravitate toward unique personalities, so let yours shine. It's tempting to copy someone else's style, but you'll stand out more by incorporating your own twist. To join the YouTube Partner Program and make money off ads, you need just 1,000 subscribers and either 4,000 watch hours in 12 months or 10 million YouTube Shorts views. And I made a deal with one of my biggest affiliate partners back when I only had a few thousand followers. One of my clients who teaches pastors how to preach better sermons has 7,000 subscribers on YouTube, but earns over $150,000 a year. You don't need hundreds of thousands of followers. YouTube is my favorite platform to start with because it has an advanced search function that makes content more discoverable. The key is to just begin and post every day. Don't worry about getting all your ducks in a row. You can post on accounts you already have to leverage your existing network. Selling digital materials to your audienceĬreate content about a niche topic you know a lot about.Let me know if you're interested!Īs a creator, there are four main ways to make money: I'd be happy to offer you some introductory prices. You came to mind as someone I'd love to work with.Īre you currently looking for help with ? If so, I'd love to jump on a call and hear what you're trying to accomplish in the next year to see if I can help you achieve those goals. If you already haven't heard, I've started a new business offering to. Tell them what services you provide and that you'd like to offer them a friends and family discount. More dialogue means more opportunities to win them over and land the job.Įmail former clients, employers and friends, too. This shows you're already thinking ahead and gives the other person a clear reason to follow up. Ask questions about the project at the end of your proposal.Explain how your skills and experiences can help solve their problems.

Don't say 'To Whom It May Concern' or write like you're applying to a traditional job.

Write a customized proposal for each job posting.

For example, a long-form YouTube essay video editor might have less competition than a general video editor.

To stand out, be specific in what you can offer.

On Fiverr or UpWork, for example, you can create a profile, list your services, and get discovered.

#Passive income business professional

Whether it's graphic design or video editing, plenty of websites make it easy to promote your professional services.