Let’s dive into 11 beginner-friendly passive income strategies that can help you set up new income streams and achieve greater financial flexibility.
If you’re just starting to explore ways to make extra money, passive income is an ideal way to generate money with minimal ongoing effort—especially if you’re interested in small business ideas, extra income, or side hustles
Digital products are a fantastic passive income option for coaches.
You can use your expertise to create resources like workbooks, e-books, or training guides that clients can purchase and use on their own time.
This not only offers your clients a low-cost entry to your world but also builds a base for upselling into your higher-ticket offers.
Examples:
Online courses are a natural extension for coaches.
With the Legacy Builder Program, we help you create and market courses that transform your knowledge into scalable content.
Once created, an online course continues to sell and serve your audience, giving you an income stream that doesn’t require constant interaction.
Course Ideas:
If you have a website, blogging can be an effective tool to build authority and generate income.
Writing posts that speak directly to your audience’s needs—while including affiliate links to products or services you recommend—creates both value and income potential.
Affiliate Ideas:
Recurring memberships are a powerful way to build passive income with a consistent revenue stream.
Through the Legacy Builder Program, you’ll learn to structure and price memberships that offer ongoing value without requiring constant live interaction.
Membership Ideas:
Live webinars are a great way to attract clients, but you can also sell access to recorded sessions.
Once you have valuable webinars recorded, you can package and sell them as standalone training sessions or bundle them as part of a larger coaching offer.
Webinar Topics:
Templates, scripts, and guides are helpful for coaches and are highly valued by clients who want quick solutions.
You can create valuable templates from your existing work—like intake forms, progress trackers, and session scripts—that not only sell repeatedly with minimal effort but also serve as powerful lead magnets, guiding clients toward your higher-value offers.
Template Examples:
A private, subscription-based podcast or video series can offer exclusive content to those willing to pay for deeper insights and ongoing learning.
It’s a great way to leverage your content and create a passive income stream for people looking for exclusive coaching tips.
Content Ideas:
As a coach, you’ve likely accumulated a wealth of resources, including guides, checklists, and worksheets.
By bundling these into a comprehensive resource library, you can offer clients access for a one-time fee or a monthly subscription, creating a passive income stream that grows as you add new materials.
Library Content:
While free newsletters are great for marketing, a paid newsletter can become a steady income stream.
You can charge a small monthly fee for a newsletter packed with valuable content—tips, case studies, or advanced strategies—and share the insights that keep your audience engaged.
Newsletter Topics:
Group coaching offers a way to support multiple clients at once, creating passive income by scaling your expertise.
With the Legacy Builder Program, you’ll learn how to set up and automate group coaching sessions that can function on a recurring basis, helping you reach more clients without doubling your time commitment.
Popular Group Coaching Topics:
If you’re passionate about your brand, consider designing print-on-demand merchandise that represents your coaching style and message.
You can create designs with motivational quotes, your logo, or other brand elements to sell on products like T-shirts, mugs, and journals. The best part? You don’t have to handle inventory, as platforms like Printful and Teespring do it for you.
Merch Ideas:
These passive income ideas are just the beginning!
With the Legacy Builder Program, you get a step-by-step guide to setting up sustainable revenue streams tailored to your coaching business.
We help you streamline, automate, and scale your offerings so that you can focus on serving clients and growing your brand without feeling overwhelmed.
If you’re ready to break free from the cycle of inconsistent income and build a steady, passive revenue stream, the Legacy Builder Program is designed to give you the tools and support you need to make it happen.
Start building your legacy today and create financial freedom for yourself and those you serve.
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