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If you created a course or program, you put in that work one time.
#TYPES OF PASSIVE INCOME LICENSE#
If you have a program that you license out to other organizations.
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Anything that is a middle man type of business. Profit income: This is when you are buying things and selling them for an income.It is the money that you make trading your time for money. Earned income: This is the income that most people rely on.There are lots of different types of passive income streams: Passive income is income that comes from multiple streams, it ends up reducing your working hour and frees up your schedule. With a vision almost as grand as the world we live in, Zim is committed to inspiring today’s generation to live out their Kingdom purpose.
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She is the founder of Travel Noire, CEO of Italicist, and host of The Bloom Podcast. Zim Flores is a believer, traveler, speaker & entrepreneur. This episode is PACKED and we seriously can’t believe this is only a fraction of what Zim is gonna be sharing at The Heart Conference in Nashville in a couple of weeks.
#TYPES OF PASSIVE INCOME HOW TO#
Zim breaks down what passive income can look like, business model ideas for you to chew on, as well as a good chat about the pros and cons of having a personal brand with your face attached to it, and how to begin thinking about building income streams without a personal brand at all. Today we talked about the 8 different types of income streams that most millionaires have, what each looks like, and where you should start in your own journey if you want to begin expanding your revenue streams. It’s WISE to have multiple types of income which is what we’re chatting all about today with our dear friend Zim Flores. HOWEVER, there is a WORLD of business types out there, and not every company has to operate that way. A lot of you can relate to the fact that when your business requires YOU to get out of your bed, show up, and physically make your business profitable, it can be SO exhausting. We talk a LOT on this show about marketing and business, particularly coming from our experience with personal branding and running businesses with your face attached to the front.