5 ways to create a passive income stream - 1/5

Selling information products - BARBARA DIGGS

One popular strategy for passive income is establishing some kind of information product — an e-book, audio course, DVD — then kicking back while cash from the sales of these products rolls in.

While information products can eventually yield an excellent income stream, Tresidder notes that it’s hardly a passive activity.

“It takes a massive amount of effort to create the product,” he says. “And to make good money from it, it has to be great. There’s no room for trash out there.”

Tresidder says to find financial success, you have to build a strong platform, market your products and plan for serialization.

“One product is not a business unless you get really lucky,” Tresidder says. “The best way to sell an existing product is to create more excellent products.” But once you master the business model, he adds, you can generate a good income stream.

Be on the lookout for my next Blog for more Passive Income Strategies!!!

https://www.bankrate.com/investing/realities-behind-creating-passive-income/#slide=2

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