Money AND time freedom is the goal. A great hack to achieve just that is to balance your active income with passive income. To learn more about what passive income is, go to a past article HERE. In a time where it takes a bit longer to create like, know, and trust to garner clients for high-ticket programs and services, passive income that is also low-ticket can warm up cold audiences to your more expensive solutions while making you money.  By leveraging low-ticket, passive income, you can even make money in your sleep!! Your brand can be making money even when your main offer is not; frankly, if you don’t then you are leaving money on the table. Let’s talk about 4 categories of passive income and a list of examples for each for you to choose from and incorporate into your business model:

Low-content books are typically books that require minimal original written content, making them easier to produce than traditional books:

  • eBooks
  • Journals
  • Devotionals
  • Coloring books
  • Planners
  • Organizers
  • Workbooks
  • Logbooks
  • Notebooks
  • Sketchbooks
  • Recipe books
  • Memory books
  • Quote books
  • Habit trackers

Audio products have become more popular as clients listen while they do other things. Review this list of possible passive, audio products:

  • Guided meditations
  • Affirmation recordings
  • Language learning phrases
  • Education summaries
  • Interview series
  • Tutorials
  • Soundscapes or background noises
  • Visualization series
  • Podcasts series
  • Motivational speeches

Video products have always been popular to give visuals while conveying content and knowledge of value. Review this list of possible passive, video products:

  • Live event replays
  • Trainings
  • Courses
  • Explainers
  • Time-lapse
  • Slideshows
  • Informational vlogs
  • Demonstrations
  • Unboxing and reviews
  • Behind-the-scenes
  • Documentary
  • Virtual tours
  • Comparison videos

Miscellaneous products that don’t fit neatly into the other categories but would be great as low-cost, passive income products:

  • Printable templates
  • Digital templates
  • Digital software
  • Digital graphics, art, stickers, emojis, etc…
  • Photos
  • Mobile apps
  • Affiliate marketing
  • Outsourced services
  • Drop shipping
  • Domain flipping
  • Peer-to-peer lending
  • Niche websites with ad opportunities
  • Rent space or things
  • Licensing/franchising
  • Vending machines
  • Stocks, bonds, & high-yield accounts

If you need support with creating passive income for your business, let’s talk. It’s FREE. ShaCannon.info/talk