5 Ways To Create Passive Income Products
1. Sell your free content
Why would anyone buy content you've already put out there for free on a blog?Some people, executives for example, don't have time to jump in and out of every single blog post you have, whether by following on Facebook, Twitter, or on the blog itself. Paying a small amount to save time and focus is worth the price of having your content assembled in one accessible package. If your content helps people achieve something, it's valuable, and packaging sells.
Smashwords can be used to package your content for Amazon. Also check out Ebooksthesmartway.com.
2. Interview experts
While interviewing, learn their tools used and make affiliate links for each one on a blog, site, Twitter account, Facebook page, etc. Harvest the experts' content and make it your own.3. Teach a group, record and edit it, and sell as a course.
4. Teach, Membership Site, Teach.
As with #3, teach and record, but using tools like WordPress Wishlist, put the content behind a paywall. Offer VIP tutoring on the site for premium prices, to a recommended maximum of $2K.5. Take What You Were Already Doing And Monetize It
Pat gives an example of his, http://www.greenexamacademy.com, as a money-making project that arose from his need to pass exams. People found his site through search engines and he realized he had a big chance to make money from what he was doing for free: studying!Recommended Resources
- GreenExamAcademy.com
- Darren Rowse’s 31 Days to Build a Better Blog (on the blog)
- Darren Rowse’s 31 Days to Build a Better Blog (the eBook)
- Smashwords.com
- Ebooks the Smart Way
- Market Samurai
- WP-Wishlist WordPress Plugin
- Subscribers Magnet
That's about it for this post. Please feel free to share it. Thanks and I'll have the SPI summary for Episode 5 posted in about an hour!
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