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Do I need a lot of initial investment in passive income methods?
Episode 1099th August 2022 • Freedom Entrepreneur Podcast • Lindsay Sutherland
00:00:00 00:16:28

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Hey friend, are you wondering how much money you'll need to get started earning passive income? This episode may help clear things up especially if you are considering an online business selling courses or drop shipping.

We even touch on how you can begin investing in real estate without any of your own money out of pocket. 

Key take-aways:

- To run an efficient online business selling information via courses or memberships you'll need 1) A CRM (a place to house email addresses and send emails.) 2) A website 3) A place for your courses to live 4) you may need a merchant provider; however, your web provider may have that as well.

- To run an efficient drop-shipping site you'll need 1) A website 2) A payment gateway 3) an CRM (email storage & mailing platform) 4) A wholesale source (You may have product to invest in depending on which route you choose)

- Think from the end! Make a business blueprint and invest in the software depending on where you plan to end up with your business.

Books I mention:

Robert Kiyosaki's O.P.M (Investing in real estate with other peoples money)

Tim Ferriss' The 4-Hour Work Week (drop shipping references)

To discover 5 ways to start earning $5K / mo with Passive Income Text the word PIE to 33777 or download your copy here.

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