Passive Reve-what?
August 29, 2008 by Erin Blaskie · Leave a Comment
I thought this was an appropriate title for a very important topic of discussion. This topic is passive revenue and if your business isn’t yet bringing in passive revenue, you better change that and quick!
So, what is passive revenue? Passive revenue, in my own terms, is income that you generate by doing nothing. Now, don’t get me wrong, for the most part it isn’t truly “nothing” but rather doing something once (ie: creating an ebook) and earning income from it for years to come.
This is a key quality of business owners and entrepreneurs who earn income while they sleep. They do this not by trading their time for money but rather their expertise for money. Their product for money. The beauty of this type of business setup is that it is actually quite easy to do!
