How to Create MULTIPLE Streams of Passive Income

https://youtu.be/eY7blJMRmno

In this video, I’ll teach you how to create multiple streams of passive income. I’ve generated an income from over 100 different products across various niches and business models, and I’ve learned a lot of lessons along the way.

One of those lessons is how important it is to diversify. By creating multiple streams of passive income, you’re able to reduce your risk since you’re not relying on just one product or business model or platform for your income.

With that said, it’s important to add new streams of income STRATEGICALLY, or else you could dilute the strength of your current offerings. You want new products and offerings to compliment what you already serve your audience with.

And finally, always know that 1) new income streams and passive income opportunities DO NOT start out passive, they are very active and need work and care and a lot of effort, and 2) there’s no such thing as 100% passive income. You can create systems that allow you to walk away from time to time and take time off while still having the businesses to continue to run for you, but no passive income (other than royalties from previous works) is 100% forever passive income.

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Subscribe to this YouTube channel:

http://www.youtube.com/subscription_center?add_user=smartpassiveincome

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Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:

What is Passive Income?

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Building an email list? Watch my latest video: “How to Get More Email Subscribers (17 Lead Magnet Ideas)”: https://www.youtube.com/watch?v=6te1AlLUA10
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https://youtu.be/eY7blJMRmno

How to Get More Email Subscribers (17 Lead Magnet Ideas)

https://youtu.be/6te1AlLUA10

If you’re trying to figure out how to get more email subscribers, here are 17 lead magnet ideas so that you can offer something quick (but valuable) in exchange for a person’s email address.

No one wakes up in the morning and says they want more emails, so your pitch to subscribe for your exclusive newsletter isn’t going to work. You need to offer something in exchange for an email that is helpful.

Here’s a list of the 17 types of lead magnets you could offer below:

1. (0:46) – Resource List

2. (1:24) – Quick Start Guide

3. (1:46) – Cheat Sheet

4. (2:27) – Video FAQ

5. (2:39) – Checklist

6. (3:09) – Email Scripts

7. (3:32) – Mini-Course

8. (4:18) – Email Course

9. (4:55) – Sample Chapter

10. (5:13) – Course Sample

11. (5:44) – Quick or Assessment

12. (6:27) – Templates

13. (6:50) – Transcripts

14. (7:26) – Audio Bonus

15. (7:52) – Contact List

16. (8:28) – Live Training

17. (8:57) – Recorded Webinar

-=-=-=-= Resources Mentioned in This Video =-=-=-=-

Podcast Cheat Sheet: https://www.smartpassiveincome.com/podcastingcheatsheet

Online Course Cheat Sheet from David Siteman Garland: http://www.smartpassiveincome.com/cheatsheet

Caleb Wojcik Video Courses: https://www.diyvideoschool.com/courses

100 Emails: http://www.100emails.com

LifeScore Assessment by Michael Hyatt: https://assessments.michaelhyatt.com/lifescore/

James Schramko at SuperFastBusiness: http://www.superfastbusiness.com

-=-=-=-= I Want to Hear from You! =-=-=-=-

In the comment section below, let me know which of these 17 lead magnet ideas are you interested in trying out next. Also, if you’re already using some of them, how are they working out for you? Which ones are working out best?

Did I miss any?

I’d love to hear from you below – and remember if you comment within an hour after a new video goes live, you become eligible to win an SPI Pin! So make sure you subscribe and hit that notification bell icon after you do so you can get notified when new videos go live right away.

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Subscribe to this YouTube channel:

http://www.youtube.com/subscription_center?add_user=smartpassiveincome

-=-=-=-=-

Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:

http://www.smartpassiveincome.com/passive-income-101
https://youtu.be/6te1AlLUA10