I'm very intrigued by passive income strategies. I was wondering, which streams are truly passive in the real world, on Internet. And which ones have a good ROI and the overall lifetime value of these investments (for example: I've noticed apps on Appstore, that go down drastically after 2 to 4 months) This is an open topic, feel free to open up on what has worked for you and also your worst investments/biggest errors.
I have experience in monetizing and selling companies both based on paid memberships to a forum and online courses. In both cases the value derives from you or your brand driving the purchase. So, you can't just create a course or private message board about, say, how to fix BMWs. There has to be a reason why they want to get the information from/through you. That's what will really drive the purpose. So, the passive income won't start out as passive, but can be once you have 1000 true fans (so to speak).
Answered 8 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in