How Creating Digital Products Can Give You Passive Income

  Have you heard the statistic that millionaires have up to seven income streams? That's seven different ways that they're making money each month. Now take a look at your business; how many streams of income do you have? If the answer is one, then it's time to open up that creative part of your brain and create more income streams. One option is passive income products. "Passive income" is something of a misnomer. Creating products or setting up different forms of income still takes work. But the difference is that these streams of income can work for you---almost on autopilot---for years to come. Benefits of Passive Income 1. Increase your bottom line profits.  This is the most obvious benefit, but worth mentioning, because who doesn't want to earn more profits? And (as you probably well know) limiting your practice to 1:1 coaching can be a "feast or famine" proposition. Passive income streams can help you get through the "famine" times.