Creating Your Passive Income Product
Before you can even dive into The Passive Project Method, you need to have a product to sell.
Maybe you are coming into this from selling services. Maybe you have monetized using affiliate marketing and sponsored brand collaborations. Maybe you are a brand new business owner.
Either way, you need to have come up with your product idea, validated it, and have started building it out.
What we are going to cover in this “pre-method” guide:
Recommended Order of Passive Income Streams
B2B versus B2C and why this might be important for your business
Validating your Idea(s)
Creating your First Passive Income Stream Product
Resources Pages for each Passive Income Stream Type (recommendations and how-to guides)
Work on this at your own pace - it isn’t a race. Take the time to go through each and every lesson and happy creating!
Lesson: Recommended Order of Passive Income Streams
There are a lot of potential passive income streams and ideas we can choose from to create our businesses.
smaller digital products
physical products using a dropship strategy
display ads (which I really only recommend if you have a highly trafficked website)
In this lesson I give you a sense of what order you should consider implementing these, in in order to grow your business the most efficiently and quickly.
Lesson: B2B vs B2C
What these terms mean, and how they might be an important distinction for you and your business. This is a quick but important lesson!
Lesson: Validating Your Idea(s)
One of the things that is really important to do before we launch any new products is to validate them.
It’s a step that a lot of people miss. They think “oh, that seems like a good online course topic, I’ll do that” and then they spend months and months building out content that may not actually be sell-able.
So what I want you to do before you launch anything, is try out some validation techniques to help you understand whether your idea is a good one. Or to help you narrow down on one offer, if you are bouncing a few ideas around.
Lesson: Creating Your First Passive Income Stream
Now that you have come up with an idea and have validated it, it is time to start creating!
Listen up to the lesson below to find out what I DON’T want you to do, and the important next steps you need to take.
Now let’s dive into the resource pages.
Below are the guides for each passive income stream that contain a TON of practical, how-to information:
Don’t forget to hop into the Facebook Group and let us know what your focus is for your first passive income stream. We’d love to hear from you!