Sign up for Mo' Money Monthly. The best of Mo' Money in yo' inbox.

        

Passive Income: The Future of Getting Paid

“Woohoo! I just made $700!”

I heard an entrepreneur say this to me while sitting in the audience of a conference. She was literally just sitting there, when she received a message from PayPal that someone bought her product. No effort required.

If you’re wondering: how the heck did she do that? The answer lies in the new (and clearly exciting way) to get paid: passive income.

Passive income is “income received on a regular basis, with little effort required to maintain it.” This is the opportunity that is becoming more mainstream and possible at any stage when you create an online business.  

So what are some different ways to earn passive income?

Sell an eBook or eCourse, an online meditation, your music, a software product, become an affiliate of an online program, or have a sponsor of your podcast or blog series, to name just a few options.

Also, there are tons of entrepreneurs who share about how to create this new stream of income. Below are three amazing entrepreneurs who are killin’ the game with passive income streams.

1. Pat Flynn
Pat Flynn is the founder of Smart Passive Income. He has an amazing story of going from making $38,000 per year to multiple millions. Learn more about his story on a Forbes article here.

2. Amy Porterfield
Amy runs a highly profitable online business, and one of the core ways she makes passive income is with online webinars teaching entrepreneurs how to use Facebook for their business.

3. Gabrielle Bernstein
Gabrielle is an author, speaker and entrepreneur. Gabrielle sells quite a few passive products from her meditation downloads to her monthly membership subscription called ‘Get More Gabby.’

Truly, the sky is the limit with this opportunity.

Are you currently making passive income? Or do you have an idea about how you want to start?

Share in the comments below!

<3 Gwen

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment *