"Do passive income, they said... it'll be easy they said." Welp. 

As amazing as passive income CAN be, there is also a lot of stuff no one tells you before you get started. You go into the world of passive products bright eyed and bushy tailed thinking: this is IT, my ticket to cash! ...And it very rarely works out that way. 

So I've created the Passive Income Series, and in this first part, I'll talk through what you need to know before getting started. I want you to be able to make an informed decision on whether or not pursing passive revenue is right for you right now in this stage of your business. And if after listening to this episode, you decide it IS, then parts two and three will walk you through setting up your passive model and then come up with a promo strategy!

Quick overview of what we cover:

• The irony behind passive revenue not actually being passive for quite some time
• The ONLY thing that will speed up your process of moving into passive revenue (hopefully) more effectively
• What you need to know about having an audience to sell to both now and later down the road
• The sneaky way you can bypass having a large audience or using ads if you're willing to put in the legwork
• The biggest caveat to running low ticket passive products which will destroy your profit margins if you address it
• Why you absolutely must have a strategic, intentional, and well-planned funnel if you want passive products to work
• Why passive products are best paired with high ticket offers
• When the right time to transition into passive products would be if you're currently selling high ticket coaching or services

RESOURCES: 

• Click here to join the Solopreneur to Scaling CEO no cost 3-day training for service business owners making $50-250k/year USD
• Click here to join Sustainable Growth Lab
• Click here to work with Adriane and the Soulpreneur Agency

ALL OF THE PASSIVE REVENUE SERIES EPISODES: 

• Part 1: The Most Important Things to Know Before You Start (That No One Tells You)
• Part 2: Creating Your Blueprint for a Passive Revenue Model
• Part 3: Designing Your Promo Plan to Sell Passive Revenue Products

LET’S CONNECT: 

• Book a call to work with Soulpreneur to grow your business
• Follow Soulpreneur: @soulpreneur_co
• Follow Adriane @adrianegalea
• Visit the website: soulpreneur.co

- - - - - - - - - - - - - - - -

Loved this episode? If you leave a review or share it with your friends on social, my team will send you a copy of one of our favorite business resources! Take a screenshot and email it over to us at support@soulpreneur.co or DM it to @soulpreneur_co

This episode was first published at soulpreneur.co/068