Passive income is a great source of income. A friend of mine has written and published a few books. His books sell well. He is getting a good amount of royalties from the sale of his books. As for me, I invested in stocks. I receive dividends from the companies I've invested in regularly.
How to leverage your skills and expertise to create passive income opportunities
- Thread starter Johnson2468
- Start date
Definitely, value is the most important thing if you want to make money in the online space selling courses or any information. You must try to make them know the amount of value being offered.
They yardstick to creating passive income should be through the skills that you have gained.
Selling digital items is one of the best ways to make money passively .
The digital items are gaining recognition online and that is where people are rushing to.
It is true that digital items are gaining popularity on a daily basis.
Your skill could be a way to generate passive income if it is high in demand.
The most important is to watermark electronic books by original selling website where there is a text semi-transparent including the original selling point to avoid someone buying an ebook for 100 $ and reselling it on his blog for 5 $ and then people will not pay 100 $ but just pay 5 $ as this is people attitude to reduce expense even it is stealth of your effort.
Consulting is what anyone can do to make money from anything he or she knows that they are experts in. The problem though is always how to package your expertise and get started as a consultant.
