If you’ve been keeping up with my Weekly Little Notes over the past couple of weeks then you know we’ve been talking a lot about monetizing your brand. From getting over your money fears to how to keep your income consistent, we’re going to be covering it all! But today I wanted to share one of my favorite ways to create passive income through creating and selling physical products!
BUT FIRST, WHAT IS PASSIVE INCOME?
“Passive income is an income received on a regular basis, with little effort required to maintain it.”
You may have heard the phrase “I make money in my sleep” before but does creating passive income mean you can create & release a product and people will automatically flock to it? Nope! Contrary to popular belief, in order to really begin making money from passive income, you not only need to create the product but you also need to create several paths or funnels that will continually make your audience aware of what you have to offer.
Most passive income types you’ll see will come in the form of an ebook, a ready-to-watch workshop, an evergreen e-course or some type of easy to download product. In my case, my most profitable form of passive income comes in the form of a physical product. Yes, an actual tangible product that you can hold. Why did I decide to go this route? Well at first it wasn’t intentional but I quickly realized that many people still love receiving things in the mail and appreciate a good physical book.
Currently my Ultimate Monthly & Weekly Business Planners and my book, The Blogpreneur account for about 75% of my monthly income. Whats crazy is I don’t handle any customer service, shipping or fulfillment.