Passive Income Ideas For Your Business
Running a business is stressful already but creating multiple streams of active and passive income shouldn't be! Here are 10 passive income ideas for your business.
In today's video, I'm sharing 10 ways to create income streams in your business. I use about 7 of them in my business. The other 3 added for entrepreneurs and nonprofits that have different needs than an information based business.
There are about 5 active types of income and 5 Passive income streams. Either way it's always a good idea to create a mix of marketing and passive income strategies to keep your business diversified.
Grab these 10 passive income ideas for entrepreneurs and nonprofits to start bringing in multiple streams of income. In this video I share both active and passive ways to make money online with your business. Many of them are definitely worth working into your strategy from the beginning stages of your business startup.
Trust me, it's never too early to start creating passive income streams for your business even if you only begin with one or two. Add the subsequent income streams as you go but get started these income growth strategies NOW!
Learn why nonprofits have to focus more on business sustainability and less on grants in this video.
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