Building a Passive Income Business

[moonchild]

A passive income business is typically a business that provides income continuously for an individual without working or with minimal effort, what most people don't understand is, it's mostly the same effort when building an active income, you can build a passive income in terms of Capital, Code and Media.

Any of these will help you reach a passive income because by their nature they don't require you do any sort of work before they can make you money as long as you've built something that people want and use any of them as leverage, and the reason for this is because they don't cost much to replicate and they can work 24/7 for you without much need for maintenance or any other thing

 

[Tenalemu]

Its very nice to work with passive income

 

[Tenalemu]

Passive income includes regular earnings from a source other than an employer or contractor. The Internal Revenue Service (IRS) says passive income can come from two sources: rental property or a business in which one does not actively participate, such as being paid book royalties or stock dividends.

 

[Nite]

𝐀 𝐩𝐚𝐬𝐬𝐢𝐯𝐞 𝐢𝐧𝐜𝐨𝐦𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐬 𝐭𝐲𝐩𝐢𝐜𝐚𝐥𝐥𝐲 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐡𝐚𝐭 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐢𝐧𝐜𝐨𝐦𝐞 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬𝐥𝐲 𝐟𝐨𝐫 𝐚𝐧 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐨𝐫 𝐰𝐢𝐭𝐡 𝐦𝐢𝐧𝐢𝐦𝐚𝐥 𝐞𝐟𝐟𝐨𝐫𝐭, 𝐰𝐡𝐚𝐭 𝐦𝐨𝐬𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐝𝐨𝐧'𝐭 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐢𝐬, 𝐢𝐭'𝐬 𝐦𝐨𝐬𝐭𝐥𝐲 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐞𝐟𝐟𝐨𝐫𝐭 𝐰𝐡𝐞𝐧 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚𝐧 𝐚𝐜𝐭𝐢𝐯𝐞 𝐢𝐧𝐜𝐨𝐦𝐞, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐩𝐚𝐬𝐬𝐢𝐯𝐞 𝐢𝐧𝐜𝐨𝐦𝐞 𝐢𝐧 𝐭𝐞𝐫𝐦𝐬 𝐨𝐟 𝐂𝐚𝐩𝐢𝐭𝐚𝐥, 𝐂𝐨𝐝𝐞 𝐚𝐧𝐝 𝐌𝐞𝐝𝐢𝐚.


Building a passive income through Code involves creating digital products or services such as apps, websites, or online courses that can be automated and sold repeatedly without direct involvement from the creator. While coding skills are essential for developing these products, marketing, customer support, and maintenance are also necessary to ensure the success of the business