There are a variety of options when it comes to turning your expertise into passive income. What is passive income? It’s revenue that is derived from something where there is minimal involvement.
For example, if you are creating a digital product like a course, you are spending a lot of time upfront to build that product. After it’s launched, you will have to do some updates to it every once in a while but the biggest chunk of the work is complete. That means you can promote and sell the digital product without a lot of additional work.[Read more…] about Passive Income Ideas for Service-Based Businesses