3 Business Ideas for Passive Income [Anyone Can Start]
The three passive income business ideas that made me a millionaire in ten years. Don’t forget to reserve your spot for the Teachable workshops. https://myworkfromhomemoney.com/teachable
If you are not creating passive income through your own online businesses, you’re going to die broke! That might sound harsh but it’s the truth. Companies are firing regular workers and hiring freelancers. You can lose your income at any time.
That’s why it’s so important to start your own source of passive income or your own business that you control. You’ll be able to grow your income and some business ideas will even grow into a passive stream of cash flow even when you aren’t working. It’s the only source of financial freedom and you need to get started.
That’s what I want to do in this video, help you get started with three business ideas anyone can use. I’ve been using all three of these for years and two of them helped make me a millionaire through my online business. I’ll detail how to get started making money online through coaching, online products and courses.
Then I’ll reveal three tips that will make any home-based business a success. Whether you choose these three or some other business ideas, make sure you catch those three rules at the end of the video.
Online products like books and spreadsheets were some of my first income streams and it’s the most passive of the three. You can put some of these together in just a couple of months and they’ll put cash in your pocket forever. I’d start with self-publishing because it lets you use the power of Amazon and its billions of users to sell your products.
Check out this video where I share my complete process for making money self-publishing from writing to getting your book online. https://youtu.be/b-MCaEFNm48
Probably my favorite online business idea is courses because you can make so much more money than with books. In fact, you can turn your book into a course so it’s really just one more step in developing your passive income business.
There is so much to share here and a great opportunity in these three home business ideas. These and a few other income streams have helped me make over $450,000 over the last five years and average over $20,000 a month now!
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.