If you’re working with clients on a 1:1 basis, then you’re charging for your time, which is an example of “active income”. With active income your earnings are directly tied to the amount of time you spend with each client. If you have 8 clients a day, you’ll get paid 8 times; if you go …
3 Ways to Turn Your Active Income into Passive Income Read More »
Building your business to have a diverse set of income streams is a wise move. Plus, if you hire a team of contractors to handle the production, your passive income truly becomes much more passive once you get your team started. Think of it this way: If you invest in the stock market, every financial …
Creating multiple streams of passive income is a wise business decision but don’t be fooled by some of the myths around this topic. Do your research objectively and learn how to read between the lines of promises people make. This sage advice is often correct: If it sounds too good to be true, it probably …
Have you heard the statistic that millionaires have at least seven income streams? That’s seven different ways that they’re making money each month. Now take a look at your business; how many streams of income do you currently have? If it’s only one, then it’s time to open up that creative part of your brain …
3 Ways Every Business Can Benefit From Passive Income Read More »
If you’ve ever looked at another entrepreneur and wondered how she manages to get it all done especially when it comes the launch of her new course or membership, the answer might surprise you. She’s got good systems. It’s true. The most productive people all have one thing in common: they don’t reinvent the wheel …
If deployed shrewdly, outsourcing your business tasks could be one of the best things that you could do for you and your business especially if some of your goals are: To overcome feelings of overwhelm because you are wearing all the hats You want to create greater efficiency within your business so that your business …