Welcome to episode 2 of the Passive Income Musician Podcast! Passive income is all about making money while not trading your time for it. So how can musicians make passive income? In this episode, I go over 5 different kinds of passive income for musicians and discuss which ones I use to make a living. Let’s do this!
Listen to episode 2
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Passive income isn’t about sitting on the beach drinking margaritas while the money keeps rolling into your bank account.
In fact, if you want to achieve a full-time or even part-time living making passive income as a musician, it’s going to take some work. But first, you need to know what options are available to you.
Passive income isn’t a new topic and there is a lot of information out there on some of the things I talk about. But I’m speaking directly to you as a musician. What will set you up for success as a music teacher?
So let’s find out what works together. I go over 5 different types of passive income that you can use to teach music online. Master one or two of these revenue streams and you’ll be on your way to success.
In this episode:
1. Review: what is passive income?
2. Advertising revenue (Google and private)
3. Sponsored content
4. Affiliate income
5. eBooks and online courses
6. Membership sites
7. Which ones I use to make a living
This episode is a great overview of all of these different revenue streams and should give you a proper introduction. We’ll be going further in depth with each one of these in future episodes.
The key to success with making passive income online as a musician is to diversify your income streams. If you can utilize several of these and master them, you’ll be well on your way to making a sustainable living.
Let me know in the comments:
Which passive income sources do you want to focus on to build your online music teaching business?
