How to Build a Passive Income System
Coffee money is where you get like $2 or $3 a day... enough to buy you a cup of coffee.
We want to move from coffee money to comma money.
Comma money is where you are depositing $1,000 or more every month into your business bank account.
~Erica Terry (7:07)
Here's some highlights from this episode:
Today we are focusing on one of my favorite additional streams of income and that's passive income. Creating a passive income for your business that allows you, and I hate to sound cliche, but it's true, it allows you to earn money in your sleep.
Coffee money is where you get like $2 or $3 a day enough to buy you a cup of coffee. We want to move from coffee money to comma money. Comma money is where you are depositing $1,000 or more every month into your business bank account.
Just because it's passive does not mean that you can be passive. That is not the case at all. If you want to generate passive income, then you most certainly cannot be passive at all. You have to actively promote the affiliate products, you have to promote them at the right time to the right people.
And so if you ready to get started, if you're ready to add more dollar signs to your bank account, then you're definitely going to want to find out when our next 5 Day Live Bootcamp is taking place.
Here's your Power Hour Assignment:
If you're ready to create a new income stream by building a passive income system, then Click Here to sign up for the next Passive PayDay for Edupreneurs Bootcamp where I teach you how to make your first affiliate sale in less than 1 week.
RESOURCES MENTIONED IN THE EPISODE
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