Are passive income ideas from other entrepreneurs seeming like too much work? I can with utmost confidence say one big thing to you, as a service provider: you do not have to become a teacher, mentor, coach, educational expert, etc. to create any sort of passive income streams and make money while you sleep and hit *$20K cash months* – AND THAT’S OKAY.

(Like can we PLEASE normalize this???)

What I’m encouraging is that you stay the amazing service provider that you are! But also know there ARE ways to create that passive income. It all depends on how creative you want to get. 

So, to start off, there are three categories I like to talk about when it comes to creating passive income in your business. You have your passive resources, and then you have your software affiliate relationships and your business affiliate relationships.

So let’s break it down:

 

Passive Resources 

The bread and butter, truly the creme de la creme, of passive income strategies. These are the things that you can create to meet your ideal client at any stage of their business journey.

Whether they’re templates, graphics, resources for teams or resources for the solopreneur, if you put your expertise and knowledge into something useful, you might as well also slap a price on it. Knowledge is power, but it is also mon-ay, hon-ay.

These are the BEST resources for the entrepreneurs who are just starting out and having to DIY everything themselves.

Not only does it provide efficiency for them, but also enhances their experience of working with you before they go to those big ticket services. This is one of the GREAT starter passive income ideas I can’t emphasize enough.

 

Software Affiliate Relationships

I call this the entrepreneur influencer strategy.

Chances are, if you are self employed and work from home, you have your favorite apps for time management, task management, team management, etc.

Guess what?

There’s a high possibility those apps you use have software affiliate programs, that if you sign up and refer people with a personalized code, you WILL get a percentage of income from that. (For example, I have a honeybook affiliate code you can check out here!)

This is a great little tool to have, especially if you do a lot of workshops, seminars, or speak to teams/have one on ones where you recommend software to use. These big software companies WANT you to recommend them, so think of it as them giving you a little thanks in the form of a few hundreds every month.

 

Business Affiliate Relationships 

👉Do you have a biz bestie who you send clients over to for certain services?

👉Do you happen to do that a lot?

👉Do you think that you’re actually a main source of business for them?

If you answered yes to all of the above, you should definitely start to think about creating a referral partnership with them. I did this and it was a win-win for me AND the people I partnered with, because they would get tons of business and in return I would get 5%, 10%, or 15% kickback from clients they got sent from me.

With all these strategies to have a good time while ‘networking,’ while also being on your A-game, you’re bound to hit those double dollar signs within a few months of getting your networking on with a few of these passive income ideas!

And that’s the word: networking. Networking = relationships building. Relationship building = trust building. People by from people they trust.

In the last 14 months, networking has turned digital – but the world is opening back up and I don’t know about you, but the digital space can start to feel small and exhausting when you’re just typing to connections through the screen on your phone.

If you want to create authentic relationships, are uncomfy building relationships online, confident with your business and services but don’t quite know how to get that referral business you want or need, you might be a good fit for a Marketing Strategy Intensive where we will map out your marketing funnel from top to bottom, and then I’ll get to work on building a 90 day marketing strategy for you complete with tasks, to-dos and timelines to help you complete (at your capacity). For more information and to check availability, click here.

– Laur