How You Can Start a Passive Income Stream Today: Lessons Learned in 9,000+ Businesses
The Tai Lopez Show
Tai Lopez
4.8 • 6.9K Ratings
🗓️ 19 January 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
“Start marketing by giving away things for free” - Travis Rosser
(click to tweet)
Business ideas are everywhere, if you know where to look for them. Today, we’re talking through some business ideas that can get you up and earning money online fast.
The key is to take either your profession or your passion, educate people around it, build an online course, ideally include a business component to it (like how to earn money doing whatever you are teaching), and then sell and host it through a platform like Kajabi.
Using this formula, you can get setup earning passive income fast. Get all the details on today’s episode of The Tai Lopez Show!
Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“Most people will not be paying customers, so the top of your funnel needs to be wide” - Tai Lopez
(click to tweet)
Points to Keep In Mind
- You can turn your profession or your passion into a business
- To market, just get out into the world and be yourself!
- If people think they know you, they will buy from you
- Start marketing by giving away things for free
- Most people will not be paying customers, so the top of your funnel needs to be wide
- Ideally, you want to be in a space where there is some demand, but you can also create a monopolistic effect
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | There's a lady genie that went through a divorce and then screwed up her credit. |
| 0:03.0 | So she had to figure out how to improve her credit. |
| 0:04.7 | So she started a credit consulting business. |
| 0:06.6 | And she used to do courses and travel all around and teach people how to do it. |
| 0:09.4 | Then she puts it on Kajabi and now she's at home and she's killing it. |
| 0:12.2 | She was in the 90,000 when I interviewed her last year. |
| 0:21.5 | Here's a really cool one. |
| 0:22.4 | This lady won this international photography competition, |
| 0:26.0 | where she took these great photos. |
| 0:27.3 | Then she put them into Photoshop and she filtered them and she won. |
| 0:30.0 | And she was really good at it. |
| 0:31.6 | Then she became a judge of this international photography competition. |
| 0:35.4 | And she realized nobody knows how to win this thing. |
| 0:37.4 | So she started helping a couple people. |
| 0:39.8 | Her potential customer list was only 5,000 people that are in this contest. |
| 0:45.2 | And so she did a course how to win this competition. |
| 0:48.0 | She's now made between $16,000 and $70,000 on how to win this, how to win the lottery. |
| 0:53.8 | You can do a course. |
| 0:55.2 | What ticket number, somebody will pay for that. |
| 0:57.8 | Don't do that one. |
| 0:58.6 | One thing that I know that always does better is if you're going to show them something |
| 1:03.2 | that has a business component to it, like we've got the lady who teaches you how |
... |
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