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Passive Income Journey

My original work-from-home journey began when I started creating sewing and craft patterns/tutorials in 2006 and selling them as digital files. I did that for about 8 years, but I stopped when life became more demanding as a homeschool mom in our younger son's middle school years. Selling self-published digital files has escalated tremendously in the last few years as passive income has become highly popularized. So, I am getting back on that path now that both of our sons are grown and have graduated. 

But creating and selling digital files is only a small portion of how one can earn passive income. So, before we move on, let's discuss the meaning of passive income. It's very simple really. All it means is that a digital product is created once and it will continue to earn money with very little to no effort as long as it remains online for purchase. With that said, though, some work and marketing efforts are required to create and sell the items. It isn't lazy work by any means.

I am currently working on my own passive income efforts and will have a short YouTube video series, soon, talking about how I do it. And I'll tell you, honestly, right now, I work nearly 8 hours a day on the 2 or 3 days I do work each week on my passive income projects - even with the products I have bought the licenses to in order to resell someone else's digital products. Because I have my own spin that I add if the license allows that. That makes those products more unique than if I simply sold them as is. But that doesn't necessarily mean that I change the licensed product, because that isn't always allowed either. There are ways I can add my spin without ever touching the licensed product. The process is called bundling. : )

My videos will answer the questions how, why, and where to create, sell, and market your products. And I'm not going to tell you that you'll get rich overnight as so many of those videos do. But I do believe this is an incredible market to tap into, and overtime, the revenue will increase, especially as more products are produced and added on an extremely regular basis. As I mentioned earlier, this isn't lazy work. The best part, though, is that you can work at it full time or in your spare time. But in order for the products to earn money, you have to make them sellable, then market them, and list them regularly in various locations. Don't worry; we'll discuss that at a later point in time.


image courtesy of Blogging Guide via Unsplash

As with any business, you will need special tools, particularly in the digital creation niche. Many are free. Most are affordable if you have some money you can invest into this fun, new adventure. As you earn more money, the more you will be able to invest in yourself and your business.

Passive income involves more outlets than just digital files; although, that will be my main niche that I will discuss more frequently. I think everyone can benefit from this information even if you do this part-time like me. So, stay tuned for more news as I continue to roll out my new business using digital files as my venue.

Blessings,

Patricia

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