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Side Hustle School

Ep. 2988 - Q&A: “How do I create passive income from a skill-based service?”

Side Hustle School

Chris Guillebeau / Onward Project

Business, Entrepreneurship, Careers

4.83.3K Ratings

🗓️ 7 March 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

In this episode, we help a freelance marketing consultant explore ways to turn her expertise into passive income. Learn how to create scalable products that generate revenue—even when you’re not working one-on-one with clients.

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

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Visit Chris's main site: ChrisGuillebeau.com

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Transcript

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0:00.0

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0:43.7

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0:48.2

How can you create passive income from a skill-based service? This is fun. We're going to help a freelance

0:58.5

marketing consultant explore ways to turn her expertise into passive income. And if you just think about it,

1:04.6

you realize what a challenge this is. Most freelancers are basically trading time for money.

1:09.1

They are performing a service, then they get paid. So there are some

1:12.1

things you can do to make that a better scenario. You can raise your rates to where you're charging a good

1:16.4

amount. Okay, that's nice. But it's still not passive income. And not everything needs to be passive,

1:21.6

of course, but passive income is nice because it just arrives. It just shows up, right? So in her case, you know, this freelancer we're

1:29.2

going to hear from, you know, if she can't take on more clients, how can she grow? Because, you know,

1:34.0

her income is tied directly to time. So what can you do in this situation? Is there a way to take

1:39.1

your consulting skills, turn them into something scalable? And short version, the answer is yes,

1:44.9

I'm going to give you a few different options let's consider how she can create passive income streams that build on her expertise

1:49.9

while freeing up her time and not just this person her name is Kelly will do our best to help Kelly

1:54.7

but not just her but other people out there as well if you have a skill how can you create a skill

1:59.0

based service that is not only trading time for money?

...

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