How to Create Passive Income Products
Sometime in June I posted on my blog about What We Learned from Hollywood About Passive Income. Ever since, I have been looking at the TV industry to learn how people in the industry create passive income streams and products, and what we can learn from them.
– With the advent of DVDs, pretty much every TV show is available on DVD. Before, only very popular shows were relased on VHS. Now, pretty much every show comes out on DVD. Even shows that get cancelled in the mid-season, but have some cult following are released on DVD to capture all of the possible profits.
How can you use it in your business? If your target market is interesed in a product, release it. If you give a teleseminar, remember to record it, and than release it on CD or as an audio file.
– Miss an episode of your favorite show? You can see it for just $1.99 anytime you want, without commercials.
How can you use it in your business? Sell samples of your work – longer articles, chapters of e-books, trial memberships for small amounts. That way, you can get more customers, and continue marketing to them. If someone buys a smaller sample of your work, and likes it, they will be back for more.
Need more ideas? Get my FREE How To Create And Sell Passive Income Products Audio Recording at https://www.avocadoconsulting.com/msi.html
Biana Babinsky