There are lots of definitions of passive income, and yes – I’m aware of traditional methods such as investing in real estate and in the market. I do both of those, but that’s not what this website is about…
In my experience, the best form of passive income—and what I focus on here at SPI—is the following:
Building online businesses that take advantage of systems of automation that allow transactions, cash flow, and growth to happen without requiring a real-time presence.
In other words, we don’t trade time for money.
Instead, we entrepreneurs invest our time upfront creating valuable products and experiences that serve others, because that’s really all a good business does – it helps other people solve their problems.
We work hard now to continually reap the benefits later.
And unlike real estate or getting involved in the market, the barrier to entry is much lower. There’s far less money needed to invest (in fact, my first online business that served the architecture and design community was created for only $6.95/month), the rewards can come in much faster (after 1.5 years that architecture business generated over $200,000), and what you create is something you can become recognized for.
There’s lots to talk about, and I can’t wait to dive in with you. I recommend first getting started by watching this video below where I share 3 different passive income business models, so that you can see which direction you’d like to take…