6/11/2023 0 Comments Passive income businessesOf course, this is easier said than done. To create passive income, the goal is to create something of value - a product or service - that has no marginal cost of replication.Īs angel investor Naval Ravinkant said in his famous Twitter thread how to get rich (without getting lucky):įrom there, you want to automate the marketing, sales, value delivery and finance parts of your business. This is where you’ll need to put in the bulk of your up-front effort and investment. Think of value creation as your overall business idea. Finance: Bringing in enough money to keep going and make your effort worthwhile.Value delivery: Giving your customers what you’ve promised and ensuring that they’re satisfied.Sales: Turning prospective customers into paying customers. ![]()
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