Passive Income Mistakes
Passive income may seem cut and dry, but we have some passive income mistakes to avoid!
Lucky for you we’ve been through it all and have the exact pitfalls and misconceptions to avoid as you set up passive income streams for your business. You’ll be more savvy as you create your passive income products when you have these in mind!
After listening, don't forget to download the Passive Income Systems and Tools Guide! You're going to get a description of our recommended tools that we use for our own passive income.
Avoid these Passive Income Mistakes:
Having the wrong expectations about how long it takes to start seeing passive income. It takes longer than you think!
Not understanding how much work goes in up front, to create passive income systems.
Making it overly complicated and being a perfectionist (instead of just creating a simple system).
Using the wrong tech systems that make passive income harder - instead of using the right tools that allow you to automate everything in the workflow.
Not maintaining or periodically improving / tweaking passive income streams so they lose momentum.
Thinking you can spend money on ads and watch money come in through funnels when you haven’t tested your conversions on organic traffic yet / haven’t seen success organically.
Important Resources Mentioned in this Episode:
ConvertKit is one of our main tools that we use for our passive income streams, highly recommend! (Read our post on ConvertKit here if you want to learn more).
We love working with Evolved Finance, and they have some amazing resources over on their blog!
For more info on passive income, you can read our The Truth About Passive Income post here!