The Perks of Having a Steady Stream of Passive Income

The words passive income is often thrown around, but most people don’t know the actually meaning and as a result of this, it is usually misconstrued for something else. Passive income simply means a source of cash for individual requiring little or no effort.

Selling on Amazon and Shopify qualifies as passive income because with the right tools and following the correct steps, you needn’t work too much to earn money, the business can be automated bring you in cash steadily.

So why is passive income important? Here are the reasons.

It makes you a value provider: it’s no secret that people who offer value are people who make money. In other words, to make money, you’ve got to offer value. Selling on Amazon and Shopify provides you with the opportunity to offer value in terms of the product(s) you sell to a customer somewhere out there who is in need of it

Enhances your learning abilities: One cannot magically grow money on trees, to have a passive income, you must learn how to run the business. Online retailing requires a bit of dedication, you have to study and learn how to successfully run your own online store. The knowledge you will gain in studying about this business would help you provide value for your customers. For example, you can study the market for trends and then start selling a product that is in demand, by selling this product you are now providing value for a customer in need.

More Time To Yourself: Isn’t it funny that people often complain about not having enough time to learn the ropes of building a solid e-commerce business. The irony of the situation is that if you take the pains to study and establish your business, it will give you the flexibility of having more time for other things in your life while raking up some serious cash by the side…remember $45,000 per month! That’s no joke!

Going on Vacations: Who doesn’t want to take some time off and go chill out on a beach in Miami while sipping on some Kool-Aid? The good news here is that your fantasies have a better chance of coming to reality if you are able to successfully setup a passive income for yourself.

In summary, establishing a steady flow of passive income is tremendously beneficial, there is no doubt about that. The question here now is, are you ready for it? Are you ready for financial independence? Are you ready to handle the power of true liberty?

If you answer is yes then waste no time and quickly check out our courses on how to efficiently setup your own e-commerce business using Amazon and Shopify. Dedicate time to learning this process and reap the sweet benefits of having a steady flow of passive income!

Check out our courses here.

Have you already started earning your own passive income? How much has your life changed since then? Tell me in the comment box below.

Take care!

 

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Last Wall Comments

 
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 Cyril says at 22:25 et
Do you recommend to ship all by express if i am just starting?
 
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Claudia says at 07:39 et
No, it would be too expensive. I suggest that you follow 20-80 rule. 20% by air express to get stuff fast for FBA launch and rest by sea freight (slower but cheaper). When your sales pick up, the sea shipment will arrive to Amazon
 
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 Mike says at 22:40 et
With the new Amazon policies, Amazon does not allow incentivized reviews tied to free or discounted products. However they still allow discounts coupons and people can leave the reviews as long as you never ASK THEM TO or promise discount in return for a review.. See new video we posted about AMAZON launch and getting reviews legally with Followup series and social media!
 
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Claudia says at 07:40 et
Moreover discount sales will boost your amazon ranks a lot. It's still a great idea combining with Lightning Deals and PPC.
 
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 peter jr says at 22:47 et
I'm new here but really LOVE the course and the all the detailed info so far!! You guys have been really helpful to me!
 
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 peter jr says at 22:47 et
I just got my first Shopify store installed by following your videos and now adding the essential apps to boost the sales like you suggested. Great stuff, i am super pumped to start selling!
 
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 george says at 22:49 et
I've been selling on amazon FBA for the last 14 months.. Doing well, around 14,700 usd net profit after costs and taxes per month.. Looking to expand now to Shopify too with your help! Thank you!
 
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 emma says at 21:28 et
What are the ways to ship stuff from CHina to USA?
 
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Claudia says at 21:28 et
You can choose Express courier, Air freight, and Sea freight. Incoterms rules can be FOB, EXW, usually i suggest to choose FOB. So its not your duty to worry about exporting fees and china customs..
 
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 chris says at 17:36 et
How to do SPLIT TESTS??? i mean for amazon listing
 
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 Emma says at 17:37 et
Try cashcowpro split test tools for A/B split tests. also Greg from jungle scout has similar tools i think. Split test only makes sense if you sell A LOT of units per day, else it's irrelevant, as data sample is too small.
 
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 Olga says at 23:29 et
Also Splitly just for price testing but testing cover photos is a good idea too.
 
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 Boris says at 17:39 et
I started private label selling 6 weeks ago and my conversion rate is 8.5%. Is that good or bad? I sell around 7 units per day
 
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 lou says at 17:39 et
It's good. Your goal is to sell 10 units per day, $10 per unit profit. You are on the right track, keep pushing!
 
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 Mother Wit says at 23:06 et
Hello everybody. I've been watching the SLHK group for some time with the intent to start my own FBA business... Sexual Wellness category, where will i be allowed to promote?
 
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 Samuel says at 23:07 et
Maybe CPC banner on adult sites and link it to your listing
 
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 Gautam says at 02:00 et
I used the Amazon best seller finder for a keyword. All the results sound encouraging. But I am confused with one of the messages, "Reviews: top 10 sellers have average 3757 reviews (At least 2 of 10 have 50 reviews or less. Recommended <150 reviews average)"
Does this indicate it's worthwhile? It says 3757, and recommended is less than 150. I am unable to interpret as the other results are great. Please help(and explain what they mean)!
 
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 jo says at 02:03 et
It means they have many reviews probably so it's a very popular niche most likely. If the all other numbers sound good i would not be concerned. I think you mentioned you sell oils? so maybe instead of general oils try more specific like "facial oils" or "massage oils" or "lavanda oils" so it's more nichey
 
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 Gautam says at 06:16 et
That's great.If the reviews are too less and the other numbers are right what's the course of action? Just curious.

Thank you for your suggestion on making the niche specific- very helpful!

Cheers.
 
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 Amelia says at 06:19 et
Dont worry about reviews so much, it's becoming less important after last year Amazon's review policy update.
 
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Andres says at 05:22 et
Thx for answering @Mike , @Kylie @Claudia....Im starting my plan on Shopify store...Do you experts, have only one theme, one storeo? giving that they are so many choices
 
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James says at 16:18 et
How do you know if the Traffic is Warm hot or cold? I want to launch an AD right away can i just start targeting my niche with different variations of ads right away as i am not looking for comments etc just sales. The FB ADS training is a little unclear.
 
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 Mike says at 16:20 et
hi James. The traffic that never saw your brand is a cold one. Imagine you have a spokeperson that is doing all the selling in the video. So to warm up the traffic, people need to know more about him and get used to see him as a head of community, as expert in your niche, so they start to buy from him.

If you do "everything store" without a leading actor or a good story, then another approach can be used, for example contest giveaway, or buy 1 get 1 free, or flash sale or "free just pay for shipping gift" etc.
 
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 Aria says at 13:54 et
Cold = never heard of your brand or product
Warm = already saw you and needs further pushing to sale with retargeting!
 
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George says at 08:51 et
What is the best thing to do if you are out of stock, close the listing or let it run? how about the metrics are they going to drop?
 
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 Ted says at 08:52 et
Are you talking about amazon or shopify? On shopify it will say "Sold out" which is pretty cool for building urgency for other items.
On Amazon if you have no stock your listing is not displayed. You dont need to "close" it. Some people like to rise the prices before you run out of stock. The metrics will go down unfortunately. You need to plan your inventory better.