This is Dave Espino, and I'm answering a question I heard recently which is “what is the fastest and safest way to earn passive income?” Now, the word safest implies that you're looking for some kind of an investment to invest your money to generate passive income.
Now, the passive income that I'm talking about here in this article is passive income that you create where you do some work once, but then it pays you over and over and over again. So my answer to what is the fastest and safest way to earn a passive income is to create an online video course.
But Why Online Courses?
When you create a video course that explains how to do something, how to do something better, or quicker, or more efficiently, how to overcome a challenge, how to learn a basic skill; that is a product that can be sold over and over and over again.
And it's a digital product, which means that you get to keep 100% of the money. In most other products, especially physical products, they have a cost to manufacture the product, a cost to ship it, a cost to have it run through the various distribution channels and all that.
With a digital product, you keep 100% of the money.
How is it the Fastest?
Now the reason it's the fastest way to make a passive income is because you set up this online course once, and then you set up an automated traffic system to drive traffic to that course, and now you've got a passive income. It's a very simple process, and it's also a very simple business to understand.
That's how, in my opinion, you're going to get the fastest and safest form of passive income. I currently make a pretty good passive income through online courses, so if you're interested in learning more about the online course business be sure to get my free my Fast Start Guide. It’s a guide that will give you tips and tricks and help you jump start your own course marketing business. You can find my free Fast Start Guide at http://freecoursekit.com, so be sure to check it out. I look forward to seeing you next time.