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.
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Lauren xx
