5 Steps to Creating Your Digital Passive Income System in One Day
If you want to be able to generate your passive income stream again and again, then you need a proven passive income generating system.
Follow these 5 simple steps:
Step 1 – Creating Website
If you do not yet have a website, you can get a hosted website for a little as $4 – $6 per month.
Here are three options for web hosting companies:
- GoDaddy (which is we use)
- Host Gator
- Blue Host
Step 2 – Email Management
You will need an email management system that hosts your subscribers.
Prices vary, some are free to get started:
- ConvertKit (which is we use)
Step 3 – Lead Magnet
You will need to think of a free – give away that you can give to your subscribers in exchange for their name and email.
Here are few ideas for a power lead magnet:
- Free Action Guide
- Executive Summary Report
- Video Workshop
- Business Case
- Expert Interview
- Automated Webinar
- Cheat – Sheet
Step 4 – Digital Order Fulfillment
You will need a digital oder fulfillment system to accept payments for digital products .
After paying, your customer can download the digital product immediately.
Here are 3 digital fulfillment systems:
- Sendowl (which is what we use)
- Easy Digital Download
Step 5 – Digital Products and Services
To up- sell your subscribers from step 3, you’ll need to create a digital product or service.
First build your list of qualified leads.
Next, you’ll have your audience help you build your digital product.
This way you’ll fulfill their actual need.
” Not sells so fast as something your audience participated in.”
If you can dedicate one day to creating the above steps, you can be all set in accepting payments by tomorrow.
It depends on what you already have put together and how easy technology comes to you.