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What is Passive Income and how and why you should be utilising - The Content Collective


S4 Episode 7: What is Passive Income and how and why you should be utilising

 




 

With currently two revenue streams of mine being through passive income and more to come in the future, I thought it was time to share my knowledge on this side of business. In this episode I discuss what it is, how it works and why you should introduce it into your business. It's essentially making money while you sleep to try to help your business have a consistent income without spending time having to sell, so my question is why wouldn't you have passive income!



[0:53] - Intro

It's not a topic I thought I'd jump into but after having a light bulb moment from other peoples perspective it made me realise it's a great topic to discuss.


[2:00] - What is Passive Income

It's definitely been a buzz word over the last couple of years but let's discuss what it actually is and I'll give you my examples of Passive Income.


[5:12] - YouTube

I came across YouTube and after researching into it I realised that this platform could earn me money and become a semi-passive income stream for me, as I like to call it.


[9:43] - Digital Downloads

These came off the back of my YouTube videos to become another form of passive income for me and they are purchased globally!


[11:39] - Why Should You Do This

Let's talk about the reasons why you should try to include passive income streams into your business, if you can and what the options are.



If you're a female entrepreneur, love listening to The Content Collective and want to share your knowledge or inspiring story to help others then please email Alex by clicking here! We'd love to here from you!


 

So, guys, I hope you enjoyed this week's episode of The Content Collective. Don't forget to subscribe to the podcast, and we would love for you to leave us a review and let us know what you thought!


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Happy listening!



Lauren xx








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