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3 passive income ideas for small business owners

I’m sure you have heard of and read about passive income many times before, as the concept is becoming ever more popular in the small business world. To start, what is passive income? It is that income you receive from something you created once and keep selling more or less on autopilot without the number of sales adding work time to your schedule. Even though passive income can be low maintenance, there is a variable amount of work involved in the creation of the product or service you are offering, depending on the nature of it. The advantage is, once it is created, you can continue getting income from it without necessarily an additional effort on your side. Here I’ve...

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