Today is "Work at Home Wednesday." I will be live streaming on Periscope (because that's the only way Periscope works) each Wednesday at 2 p.m. CST.
Last week we discussed passive income opportunities for stay at home moms. So I thought I would share the highlights of that with you?
What is passive income?
Passive Income has really become one of those internet buzzwords. Bloggers, marketers, work at home moms; everyone is talking about passive income. But what does that even mean?
Okay, well let's talk about active income. Active income is your day-to-day job. The thing that you put regular hours into that earns you a predictable income.
But a passive income is a little harder to define. The word passive would lead you to believe it's a set it and forget it situation.
But passive income takes work. It's work that you do the bulk of one time and then continue to make money off of it over and over again. But it does require upfront work.
What are some passive income opportunities?
Ebooks. Do you have an idea your passionate about and knowledgeable of? Consider writing and selling an ebook sharing your expertise.
Ecourses. This is the same thing. Consider putting together an course sharing your knowledge. Really, it could be anything from cooking to web design. You would share how to set up budget or organizing your house. The possibilities are endless.
Affiliate marketing. There are so many affiliate marketing opportunities. My favorite is, of course, Amazon. They have a great affiliate program for bloggers. Simply place links to products you love in your blog post, or share them on social media. Of course, you always have to disclose that you will earn a percentage of the sale at no extra cost to your readers.
Patterns and printables. Are you a clothes designer or dress maker? Consider selling your patterns on Etsy or directly on your blog.
Are you an expert budgeter or an accountant? Consider offering budgeting forms.
If you are a designer consider selling unique printables on Etsy or your blog that people can download directly from the site and you don't have to print and ship. Or find a company that will drop ship them for you.
Remember: The work doesn't stop. You still have to market and maintain your work.
What about you? What would you add to the list?