How to Make Passive Income In Your Business

Want to know how to create a passive income option to compliment your existing business but you have no idea where to start?

You may have heard the term passive income before, but what does it really mean?

Passive income is income that you earn without actively working on it.


Most income is not 100% passive. It usually requires set up and maintenance, and may require some adjustments along the way as your industry changes.

You can get pretty close to passive income if you know how to set it up properly.

Here are 3 ways you can add passive income to your existing business.

How to Make Passive Income With Affiliate Marketing

Affiliate marketing is a fancy term for getting a commission when you refer someone to a product or service.

Outside of the online world, there are service based businesses that do this, like I once received a $50 gift card for referring someone to business.

When people talk about affiliate marketing online, they mean providing someone with a customized link that they can post on their site or in their content to refer their followers back to purchase a product. 

There are two sides to affiliate marketing.

You can set up an affiliate link for your own products, meaning you can work with others and encourage them to refer business back to you.


… you can refer your clients to other products or services and earn a commission.
The “secret” to making great money with affiliate marketing is finding high paying affiliates.

Amazon offers affiliate commissions, but they are quite low. The bonus to using Amazon is there is no limit to the products that you can refer to AND when people use your link, you receive a commission on anything they buy during their shopping. 

So, they can go in and buy a $20 item, but since they did their Christmas shopping and bought $300 worth of gifts, you receive commissions on the rest. You only get credit for a  couple of days, then your link goes dead.

Instead of using Amazon, there are other options available to find higher paying affiliates.

There are networks you can use (like Shareasale and ClickBank), or you can find higher paying affiliates that are independently run.

Creating a Course

The GREAT news is that you already have the knowledge of your profession that you need to make it into a course. 

If you are a makeup artist, you could provide professional makeup classes on how to become a makeup artist. 

The key to having a successful course it to provide something that your clients/students will get a tangible results from.  

For example.  If you are a makeup artist, I would not create a course on how to do makeup.  I would create a course on how to do makeup AS A BUSINESS. 

You could provide information on how to deal with skin allergies, what can be written off, how to find clients.

Self Publishing

Have you ever wanted to write a book?

Maybe you want to make a planner for your clients or a workbook for your program.

You don’t need to order a ton of books to keep in stock, you can use print  on demand services.

Print on demand is when each item (in this case a book) is printed when the order comes in.

There is an entire network of individuals who make an income selling print on demand books on Amazon Kindle Direct Publishing and other platforms.

Some platforms have access to major distributors like Barnes and Noble and some do not. 

There are some that ship globally and others don’t.

Some have the option of integrating into your site, and others do not.

Creating an online income stream can open up and entirely new world to you.

Have you ever thought about creating a passive income stream? 

Leave a comment and let me know which of these three options you’ve considered.

Contact me if you want direction on how to create a passive income option in your business.