Five Reasons There Is No Passive Income (What To Do Instead To Build a Successful Business)

This video shares five reasons why passive income is not really passive. Truly passive opportunities can be easily copied leading to very little pay.

Instead, we share what you can do to create a business that is not easily copied where customers are happy to pay you for the work you do.

We also discuss niche websites, podcasting, stock photography, and writing a book.

Here is the book Bret mentioned - The Formula: The Universal Laws of Success by
Albert-László Barabási - https://www.amazon.com/gp/product/0316505498/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=globalwanderi-20&creative=9325&linkCode=as2&creativeASIN=0316505498&linkId=35e26c7016ff6f898a80074ac09a1f89

Money For the Rest of Us is a personal finance channel on money, investing and the economy with new videos released every week.

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0:00 Start
0:13 Problems with many passive income ideas
0:45 Passive income is a race to the bottom
1:59 How to build a scalable business
3:45 How to earn trust so customers will buy your products
6:33 The role of luck in success
8:49 Passive investment income

Видео Five Reasons There Is No Passive Income (What To Do Instead To Build a Successful Business) канала Money For the Rest of Us