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Make Money in Your Sleep: Your Guide to Passive Income
Featured Author:
Ms. Career Girl
If you’re like most young women, you want it all: a fulfilling career, an amazing family, money in the bank and sweet shoes on your feet. Ms. Career Girl is written by and for Generation Y women, and represents the multiple components of being the ultimate modern woman. Ms. Career Girl answers questions like: How can you manage to save for retirement and still buy that new designer bag? Is it possible to start your own business and work full time? What's up with this whole dating and marriage thing? Visit us for daily career encouragement and to remind yourself that you really can have it all!
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Ms. Career Girl | Excelle
August 31, 2009
by Dawn Yerger
As a mother and a business woman working for herself, I’ve always been fascinated with people who make money every minute of the day, including when they are fast asleep. Sounds pretty nice doesn’t it?
Since I am an entrepreneur and business professional coach, I enjoy helping my clients create more freedom in their lives. One of the ways that I do this is by helping them to create passive income that displays their talents and expertise. I’ve found that one of the main reasons that people start their own enterprises is to enjoy a stress free lifestyle instead of being tied to a desk all day. Unfortunately, even after they have started their own businesses, they find themselves working long hours, sometimes even longer than they did when they were working for someone else.
Now, I can’t promise that you’ll become a millionaire overnight, but it will be mighty nice to have an extra stream or two of income coming in. Here are four autopilot business strategies that operate so well, that you do not have to lift a finger (accept to click your mouse to check your bank account balance).
1. Create digital products on subjects that you’re passionate about.
This is the information age, and people love to get their hands on e-books, recordings, and teleseminar programs that will give them more knowledge on subjects that they want to learn more about, especially if it tells them how to make more money.
2. Get a virtual shopping cart.
1ShoppingCart.com, PayPal, and CartVille.com are all good options to allow customers to immediately purchase and download your products, day or night.
3. Hire a virtual assistant to handle customer service and inquiries.
Check out The International Virtual Assistants Association or LongerDays.com (which even gives you a free trial!) to find a suitable virtual assistant for your business.
4. Put your communication with your customers and clients on autopilot.
Create email messages and e-newsletters about your products and services and schedule them to go out whenever you want, including days or even weeks in advance.
changinglifestyles
2 months ago
2474 comments
This is a very helpful article in establishing a home based business to develop passive income. It is also helpful in realizing there are virtual assistants available to assist home based business owners.