5 Reasons Why You Need a Passive Income Flow

You may have heard the phrase “make money while you sleep”. It is a general phrase that describes the power of passive income, that is, make a product once and reap the benefits for the coming year.

Passive Income No matter what type of business you have, whether it is product-based or service-based, everyone can benefit. The key is to keep your product design process as simple and affordable as possible. This does not mean that your product is cheap; It means focusing on your area of ​​expertise that solves a common problem for your audience and creating a quality product around it.

First, let’s review why coaches need to create a passive income stream:

1. Increase your income when a client cancels his contract. No one wants to think about losing a client (or two!), But it happens. Instead of worrying about finding a new client to fill that gap, you can calmly approach the task, knowing that you have a passive income to fill that gap temporarily.

2. Expand your name recognition and attract new buyers from your target audience. The world is a big place, and you always have the opportunity to reach new people in your target audience. Pricing low-end products for passive income can motivate beginners to learn more about you and your training practices.

3. Attract speaking or media activities. Event organizers and reporters are constantly searching the internet for speakers or interview topics. If you have products as part of your business and have a consistent passive income marketing plan, the media will quickly find you in their online searches. Adding these events to your media profile can also increase your authority.

4. Carrying your expectations through a sales funnel that starts with a low cost passive income product eventually leads them to your expensive training packages. A sales funnel is a must have for trainers, because people want to know about your work before they pay hundreds or thousands of dollars for a training package. Demonstrate your expertise with small, passive income products first, then motivate those buyers with your high price packages.

5. Use passive income Products as part of your overall marketing plan. When you have a product, you can implement promotions that get attention on social media. If they buy a training package, offer a free, bonus, or offer a chapter on your eBook as a teaser to motivate them to buy. Unique promotions draw attention from new prospects in your target market.

Is Passive Income Really Passive?

There are many benefits to using passive income as an extra income stream, but some coaches have questioned whether you can really ‘process and forget’ it when creating a passive income. Let’s explore this a little more.

First of all, it takes some time to create any kind of product. Even if you draw information from your own experience, you still need time to write it down or record it. You will need to take the time to proofread and edit. If you outsource some editing and design work, you will add other people’s potential to the mix. So time is definitely involved, but by getting into the expert materials you already know, the first part of creating a product should be simple.

Once your product is complete, you have a launch ready. You do not want to be frustrated if you cannot get the right pitch so invest in a good capo. You need to tell them you have a product, such as a press release, a social media release, a book launch party, a virtual book tour … the list goes on and on. In order to showcase your new product, you need to be focused.

Once your launch is complete, you can redirect your energy to your training clients; However, since people need to be reminded, you never want to fall into the ‘forget it’ stage. You do not need to email them every day about your product, but do not be afraid to mention it in your weekly newspaper or other email outbursts.

Here are some additional steps you can take to promote your product (s):

Add a graphic to the front page of your website with a link to your sales page.

Create an affiliate program for others to promote your product and send an announcement about it for a commission.

Create a monthly social media message that includes occasional promotions on your product.

Organic sales are amazing and they certainly happen, but you should not rely solely on search engines to bring buyers to you.

Paid ads on Facebook, Google, and YouTube can also get information about your product (s). Be sure to monitor your ad performance, then find out what you are working on and what you are not.

in conclusion

Passive income products can boost your sales, your business assets and your confidence. I say “trust” because there is nothing stronger than seeing a product that you once created continue to sell.

You can expand your name recognition and attract more media attention with passive income products.

Is passive income really inactive? No, but the work that needs to be done to create a product that provides a passive income should only be done once to bring in revenue for the coming year.

Are you sure that creating a passive income product will increase your sales? Then you can save a lot of time by using our convenient “Product Design Designer”.

How to learn …

  • Create a product that gives results to your customers and a passive income for you
  • Create a sales page that sells your product on automated pilots
  • Create easy-to-understand add-ons that will increase your value so that you can charge more
  • Use the material and content you already have so you can create a product in record time at any time

Find out more here: https://iaplifecoaches.org/product-creation/

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