Recently, there was a ton of interest in our article about how to create passive income. We explored three different ways you can create passive income online. Today we wanted to dive even deeper and share what tools and resources you need to have in order to actually create passive income.
Here are 5 Must Have Resources for Passive Income:
This handy tool allows you to take your WordPress site and turn it into a private membership site to create a course or training program. All of my training courses use wishlist and it’s just a little work to set it up and then it can drip content to your students and clients each day, week or month. You can also send out usernames and passwords to your clients automatically so they can get started as soon as they buy your program. Anything that can run automatically is FABULOUS for me and my business! I love it because I am crazy about making sure my clients are taken care of and receive the content that they signed up for immediately.
These two go together because they are the only way that my websites function at all. I always get asked by people who want to start a blog where they should start. I would highly recommend buying your own domain and getting hosting yourself through Bluehost. Then, create a WordPress.org account which you can easily do through Bluehost.
This is another tool that has made my blogging life so much easier over the last year. Now I use Leadboxes so I can put my own optin forms on my blog and don’t need to outsource it every single time. If you have a blog or website, definitely get over there now and start creating simple pages and optin boxes to start growing your email list of people you can help. One of the BEST things someone told me when I started a blog 5 years ago was to start my list and create an autoresponder series. So now I am passing along the tip. Do it now. Don’t wait one minute longer. Thank me later.
By far the easiest and quickest way to get started. Plus, it’s basically free except for a small fee. You can start taking orders today. This is where I started when I created my courses and products. If you are short on funds, the easiest way to get started building your business is to just to use mailchimp (free list building) and Paypal to process payments. AS SOON AS YOU CAN, I would recommend jumping to 1shoppingcart to make your life easier though.
This is what I used to collect payments and manage my online store when I was ready for a step up from PayPal. I used it to accept credit cards and track orders. This is also what I used for many years to manage my email list and send out autoresponders.
Note: I may receive a commission if you use my links above. I only recommend products and services that I have used myself!
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