Learn With Shopify is a YouTube channel designed to help you start or grow an online business. Every week, we bring you new videos on topics related to entrepreneurship, to help you on your journey. We cover everything from marketing to passive income ideas to avoiding common business mistakes. Be sure to subscribe to the channel right here & see our library of videos here.
There’s no such thing as *totally* passive income.
I hate to break it to you, but all those “business gurus” out there promising you six figures in passive income a year are…selling you something! They’re trying to generate their own passive income by selling you on a dream that doesn’t really exist.
I’m not about that life. The truth is that when it comes to passive income, there’s no such thing as a free lunch. Building up an audience, creating value for your customers, and developing systems to deliver that value are all projects that take a lot of time and effort. It is definitely possible to eventually create streams of passive income in your business, but it won’t happen overnight.
In this video, I’m sharing ten accessible passive income ideas that you can incorporate into your business. All of them will require some level of investment up front of either time or money or both! But all of them are possible given enough effort and intention. If you are careful and consistent, you can create assets to serve you in your business for years to come.
If you’re curious to learn more about these ideas for generating more income, check out the video over on the channel or right here! ⬇️
Does your business generate “passive” income?
It’s absolutely okay if the answer right now is “no”! These things take time to establish and it’s definitely no walk in the park. Still, I believe that creating more diverse streams of income is a great idea for every single business owner. If you take some time to set up these methods in your own business, you might be surprised by what you can accomplish.
Did I miss any of your favourite streams of passive income? Let me know in the comments below, or over on YouTube. Or come say hi on Instagram, I always love to hear from you.
PS. If you liked this video, you might also like my free training on increasing your productivity! In this video workshop, I share my top tips for staying productive and efficient, even when things are busy and stressful. Enter your email below & I’ll send you straight to the video. ⬇️