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Make Money in Your Sleep

The importance of creating passive income
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?

As 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 of income coming in. Here are four autopilot business strategies that operate so well, you don’t have to lift a finger (accept to click your mouse to check your bank account balance).

  1. 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 (Read “7 Easy Ways to Create Digital Products”).
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  3. 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.
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  5. 3) Hire a virtual assistant to handle customer service and inquiries. Check out The International Virtual Assistants Association (ivaa.org) or LongerDays.com (which even gives you a free trial!) to find a suitable virtual assistant for your business.
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  7. 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.

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Non-traditional Work Options

Comments

Submitted by Chloe Campbell (not verified) on Fri, 08/14/2009 - 21:23

i just joined this business through I website I accidently discovered call entrepreneurialendeavors.net. I thought it was hoax, but I decided to give Errol and Cymone a call to see what it was all about. I have to say I'm a single mother and one of my children is sick and needs a lot of attention. I took the chance and invested, and i've already made over double of what i've put. You should check out the site. i've had the pleasure of meeting all kinds of people from amazing entrepreneurs, to millionaires, and people who were in the same position I was in. People I can really relate to. I like to think of myself as an independant woman. I only have to depend on myself and no one else. It's an incredible feeling!!!! Thank you for this article, I've wanted to expand into some investments (no that I have the funds to do it). It's really helpful.
Submitted by liprise (not verified) on Sun, 08/01/2010 - 23:29

A truly amazing article. Thanks for sharing you’re wealth of knowledge with us. It’s no wonder your blog does so well. Your site is well thought out, graphically impressive and full of great advice.

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