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In this video I talk about some of the ways that you can create passive income as a musician in this time period.
Here are some of the ways I have been able to create passive income in my career.
I understand that there are the standard ways such as royalties, placements etc… but I wanted to present to you maybe some new ideas to you that I personally use in my career in this time period.
There are two ways we can think about income.
- Is time for dollars (this is gigs , performances and teaching). Problem with this is we are limited by our time and we are only on this earth for so long so it is a challenge to become profitable to our fullest potential with what we enjoy doing.
The other way I want to present you with thinking of income is a Passive way. That way is Value for Dollars.
- Value for dollars is a great way to achieve more flexibility with your income and create a revenue source that works around the clock with or without you there.
5 Passive income ideas for you. (there are more but these are some of the ones I have been able to become most profitable in my career)
#1 Create an Experience.
An experience is more than an album. Lets face it, people are not excited about purchasing an album due to how desensitized they are by music becoming so available on streaming platforms. So we have to be creative. One of the ways we can do that is to create an experience that the streaming platforms simply cannot compete with. We pre-sale the experience, get a nice cash injection so we can invest back into making the experience really good for our audience.
#2 Asset like a book. A book is a way that you can create income with a value for dollars model for the rest of your life. You can make a book sharing your knowledge, your story or even interviews with other people that you can sell forever.
#3 Merch. The way this works is to create merchandise that your audience will resonate with and then you create a limited edition campaign. You can have a new design each month and just from this passive income source alone, you can generate a nice income source for yourself.
#4 Become an affiliate – You can receive commissions for sending traffic to certain sites such as Amazon. If you enjoy using products or services in your life, you can direct your audience to these and receive a commission for driving traffic.
For example here is a link to my amazon shop
#5 Sell your knowledge. We live in an amazing time period on being able to help other self educate directly through the internet. Create an online course with your specialized knowledge, create a members area and drive traffic to this.
Here is a link to that training I was talking about on how to build your own distribution and be in control of getting your message directly to your audience. https://www.paulthetrombonist.com/ytweb
Passive Income Ideas Music, 5 Weird Ways to Make Passive Income For Musicians (Money Making Ideas).
Developing Multiple Streams Of Earnings Is Not Hard
Others like the difficulty of producing something they created themselves. Some individuals desire just the fulfillment of seeing their words in print. I am speaking about retiring in your early 30s (30-35).
5 Weird Ways to Make Passive Income For Musicians (Money Making Ideas), Explore popular explained videos about Passive Income Ideas Music.
Passive Earnings Streams – How To Work Less And Earn More
Passive income streams have become much more trusted now. A few of you have your own service – and congrats to you! Yup, that’s right, the web is similar to a gold mine, so do not pass this chance up!
If you are trying to find some extra income ideas you might well have discovered one of the following thinking it is the answer to your prayers. Sadly these schemes usually do not make anyone besides the person promoting the program much money and are best prevented. So what earn money fast schemes should you prevent?
You can develop passive income sources if you are innovative. A passive income is when you receive income without doing any work. A lot of income sources need that you do some work to start it off, but when it is running you can preserve some income sources with really little work.
Don’t forget to make sure you have excellent passive income streams to promote in your online posts. You do not wish to lose all the real-estate you are collecting. If you discover powerful keywords, discover or develop items associated to them. What excellent is all the traffic, if they do not buy anything – right?
Now let’s state that you have 100 workers, employee, reps, etc and everyone just works 5 hours daily and just 5 days each week implementing passive income ideas that pay you over and over once again for their efforts. That would amount to 2500 hours each week. Mouth Watering Huh!
Also, my fiancee and I love to take a trip. State we wish to take a one month trip in an unique location each year. Why do I have to utilize the money from the income I already make? I can just develop a brand-new passive income stream (a brand-new item, website, what have you) and utilize that money for traveling. That way, I do not run the risk of an effect on the other parts of my life. I’m creating my own lifestyle.
One popular source today is composing Articles. You can outsource your Articles or write them yourself. There is a great deal of money to be made from them. I would state that they are among the most used of sources to promote an online service.
This elaborate pattern of back multiplying and scratching income streams through associated items is not dishonest in the least. However you ought to know it and keep your charge card in your pocket unless you have a present and clear need for an item. Certainly, as you progress in your web marketing service, you will take advantage of as many of these monetization techniques as possible. Remember, the holy grail of the web online marketer is to develop passive income streams. Earnings which does not need an excellent deal of hands on management. Anything else is just trading one manager for another.
These are the top 3 secrets to guaranteed web passive income. As soon as possible, in addition to composing for pay, you ought to also establish passive income streams. You can market even while you are sitting on your bed.
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