Online courses are amazing vehicles for generating passive income. The big question here is, can you really validate if your course idea is worth the effort? In the vast online world, market demand is critical. If you think that your expertise is too mainstream to earn a profit, or too under the radar to click, clearly it’s time to evaluate it. Thankfully, there are plenty of tools and tips that can help you measure your ideas’ profitability.
We’re all craving that freedom to have time to enjoy yourself and at the same time, have the money to support what we want. Suddenly, we realize that reality doesn’t exactly work that way and we get bummed out because it gets difficult fast. It takes years before you can get your career at a good stage and even with that, you feel like you’re already trapped in a dead-end. However, there’s one thing (or more) that can change that — multiple sources of income without having to increase your work hours. SO, here’s five reasons and rules when building yourself these kinds of income streams that will change your life. It’s time to explore another passive source of income!
We want to believe that we are in total control of our lives, but no. There are lots of surprises along the way! I’m sure I’m not the only one here who wakes up every day hoping for little happy surprises. But, here’s the thing, we don’t always get what we want.
In one way or another, we’ll encounter life-changing, abrupt events that can shatter our lives. How exactly do you deal with unexpected medical bills, illnesses, and even death?!
It’s unthinkable, I know. I will say though if you have your finances in order it is one less thing to worry about. There is a way to prepare and survive these stressful moments. I got through tons of financial issues through a helpful passive side hustle.
When it comes to making passive income, there’s a lot of buzz words, scams, schemes, and all sorts of shady things that go on. However, if you know where to look, and you know what things REALLY work… you can start living an amazing lifestyle that’s abundant with both time and money. Let’s face it… we all want time. We all want money… but the problem with this is that most of the time, we can’t have both. If we want money, we were always conditioned to think that we should work more, work harder, and we’ll be rewarded. On the other hand, if we wanted more time to do the things we loved, we had to work less, take less responsibilities, and just take it day by day. I suggest you look for awesome passive income streams this 2020.
For some, the idea of building a course is already a handful. Everyone thinks it’s an extremely time-consuming task (or you could say it’s a whole project!) to add to your plate. While yes, it does take a while to make, it doesn’t take you as much time as you might think. Here, we’ll be talking about five reasons you should really consider building your course PLUS, some actionable steps you could take that’ll make things easier for you to get started. Also, as a bonus, I’ll also be talking about some of the downsides of having a successful membership site instead of a course. So, are you ready? Let’s get crackin’!
Should you build an online course or a membership site?…especially for those who do freelance— charge per hour, bill per project, or those who require a constant amount of time when working. What are the benefits of building a course vs building a successful membership site for your business? I’ve been a coach during my early days of building my business. I’d impart my knowledge, my skills, and my expertise to others who need it day in and day out… and it was a fun experience. I got to meet a lot of people, help them out with their own businesses and learned a lot of things in the process.
First, what is passive income? Basically, it’s earning income except you get it without doing any extra work or any extra effort! You’re being paid without spending hours and hours working. Are you ready to generate your own passive income streams this 2020? There are lots of passive income strategies you can explore out there for long-term success!