How Do I Create More Passive Income?

1. Outsourcing: This one has been key to me. Technically, this isn’t “doing the work once”, but it’s having someone else do the
every day and more tedious tasks in your business. When you put those tasks aside, you have more time to concentrate on actually making money with your business.

Here are a few resources to help you get started with outsourcing:

- How to Outsource on a Budget
- How to Work on with an Assistant

2. Affiliate Programs: Affiliate programs simplify your online business by having someone else do the product development, take and fulfill orders. All you do is make recommendations for products and make money when potential customers take action.

To cut your learning curve with affiliate programs, be sure to sign up for my weekly Affiliate Marketing Tips and you’ll get simple and easy-to-implement strategies to improve your affiliate marketing.

3. Search Engine Optimization (SEO): Search engines are a great way to receive continuing traffic to your website with little ongoing effort. Of course, if you want to get very technical about SEO, you can spend a long time on it…but if you keep it simple and create plenty of search engine-friendly content, you’ll do awesome.

Check out my free 10 Minute Lazy SEO Tutorial for help with search engines.

4. Pay-Per-Click (PPC) Search Engines: It takes time to set up a PPC campaign, but once it’s going it just takes a bit of maintenance. You can try a campaign with Google AdWords or Overture which can bring plenty of targeted traffic.

Be sure to sign up for Perry Marshall’s free Adwords course to make things a bit easier.

5. Autoresponders: Automate your follow-up process with prospects and customers. You can set up your newsletter or free ecourses in an automated fashion by using autoresponders. Don’t make the mistake of thinking autoresponders are impersonal…it’s all in the way you connect with your readers…and it will save you plenty of time to have everything ready ahead of time.

The Autoresponders I use:
- Email Aces – very affordable and functional autoresponder.
- QuickSales – this is a complete ecommerce solution with shopping cart, affiliate program, tracking, etc. and comes at a higher price than Email Aces.

6.  Sell Products? Start Your Own Affiliate Program: Get others to sell your products by offering a quality affiliate program. Offer a competitive commission, work to have a high converting offer and provide plenty of affiliate materials. I use QuickSales to manage my affiliate program.

7. Back End Sales & Upsells: Make the most of all your marketing. When someone buys a product from you, they are likely to purchase from you again. Make sure you have a follow up process to keep them buying from you (back end sales). Offer extra items, special deals, etc. when people are making an order. You’ll find people will often buy extra items if they are related to the item they are already purchasing.

Those are just a few ideas to get you started. Start incorporating more passive income opportunities into your business and slowly, but surely…you’ll find yourself needing to work less and less. Sounds good, doesn’t it?

Further Resources

Affiliate Marketing Sweetie: Make the most of your affiliate marketing efforts.

Outsourcing Tips: Grab your weekly tips to become an Outsourcing whiz!