Passive Income Series Part 2: Creating Your Blueprint for a Passive Revenue Model
Description
What if you could generate an income stream without having to trade your time? This episode, the second part of of a three part series on passive revenue, dives into a *whole masterclass* on creating a successful passive revenue model that aligns with your unique offering and goals. We'll go into passive revenue creation, exploring the importance of understanding the solution you're offering at all levels, from macro to micro and loads of insights into the strategic building of a passive revenue product suite.
Quick overview of what we cover:
- Why you want to focus on the end goal so you can reverse engineer your passive funnel
- The who, what, when where, and how that you should be able to identify when building a passive funnel
- The different ways to build in low, mid, and high ticket products to maximize profitability in your suite
- What a detonation point is and why it matters to your passive revenue model
- How you can make a super simple passive revenue model work
- The difference between a high ticket, low volume business and a low ticket, high volume business... and how your passive offers can support both
- How you could build out a more robust offer suite to pad profitability in the middle of your funnel if you wanted a more advanced approach
- How to approach having a profitable front end passive model by a double dipping strategy
- Why you want to test *everything* and stay the course
RESOURCES:
- 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
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This episode was first published at soulpreneur.co/069