It’s easy to feel frustrated or even defeated when business slows down. But what if I told you this slow season could actually be the perfect opportunity to grow? Keep reading becasue I’m going to show you 3 easy ways to generat passive income to help you during the slow times in your busienss.
When things quiet down, it gives us the space to think outside the box, find creative ways to generate passive income, and improve our business without having to change the core of what we do. Instead of seeing this as a setback, consider it a chance to pivot and open new doors.
In this blog, we’ll explore three actionable strategies to generate additional income during slow business times:
By the time you’re done reading this you’ll going to feel empowered to ready to embrace these strategies, and who knows? You might even end up with more income streams than you ever thought possible.
- The first way to generate passive icome: Place Ads on Your Website and Watch the Passive Income Flow
Your website is more than just a place to post pictures and content—it’s a valuable piece of real estate. And like all real estate, it can be monetized.
If you’re not already placing ads on your website, now is the time to start. It’s a simple, low-maintenance way to generate passive income without altering your business model.
Platforms like Google AdSense allow you to set up ads quickly, targeting visitors who are already on your site. You earn money every time someone clicks on an ad. For example, websites that generate 10,000 views per month can earn anywhere from $100 to $500 depending on the ad type and the niche. Imagine how that passive income could add up over time.
According to a report by MonetizePros, businesses that use website ads as a passive income stream can see a 20-30% increase in revenue, simply by leveraging the traffic they already have.
Plus, once the ads are in place, they continue working for you day in and day out with little ongoing effort. Learn how HERE!
- The second way to generate passive income: Earn Affiliate Income Effortlessly
If you haven’t explored affiliate marketing yet, you’re missing out on one of the easiest ways to generate additional income. As a business owner, you already use products and services that you believe in—why not get paid to recommend them?
Affiliate marketing works like this: You promote a product or service to your audience, and when someone makes a purchase through your unique affiliate link, you earn a commission. It’s that simple.
For example, if you run a DIY website, you could become an affiliate for companies that sell craft supplies or tools. Every time your readers click through and purchase, you earn a commission.
Let’s say you’re an artist who loves using a specific brand of paint. You could write a blog post or create a video tutorial featuring that paint, and include your affiliate link. As your audience follows your tutorial and purchases the same product, you’ll start to see commissions roll in.
Affiliate marketing is one of my favorite revenue streams and has made it possible for me to generate enough income to fund a trip to Italy and Greece.
Affiliate income can quickly add up. It’s one of those set-it-and-forget-it strategies that keep working in the background while you focus on what you do best.
Want to learn all the shortcuts to making affiliate money the easy way? I’ll teach you exactly how to master affiliate marketing and turn it into a significant income stream for your business.
- The third way to generate passive income: Create How-To Videos to Sell
One of the most effective ways to pivot during slow business times is to share your expertise through paid how-to videos. Whether you’re a master at DIY projects, an expert in social media marketing, or a skilled artist, there’s an audience out there eager to learn from you.
Creating how-to DIY videos was one of the first ways I generated income. Seven years later, I’m still earning money from that very same video.
People love learning through video because it’s visual, easy to follow, and offers a more personal connection. By creating how-to videos, you’re not only offering value to your audience, but you’re also opening up a new revenue stream. You can sell these videos on your website, or on platforms your social media platforms.
No matter what business you are in you could create a series of step-by-step videos on how to paint furniture, cake decorating, yoga, teaching how to play an instrument, etc., you get the picture. Your audience, already interested in your work, would likely jump at the chance to learn your techniques.
According to Wyzowl, 86% of businesses now use video as a marketing tool, and many report higher conversion rates with video content. Creating how-to videos is also a fantastic way to build credibility and authority in your niche. Once you’ve established yourself as an expert. Best of all, your videos can sell again and again, creating passive income.
Stay Focused and Create New Opportunities
It’s easy to get discouraged when things slow down, but remember—this is your opportunity to focus, get creative, and find new ways to add pasive income to your busienss. While others are complaining about the lack of business, you can be setting yourself up for bigger and better things. Don’t be afraid to try new strategies, because sometimes change is exactly what we need to grow.
Slow seasons aren’t a time to throw in the towel—they’re a time to pivot, adapt, and unlock new income streams.
And if you’re ready to learn how to make 10 new revenue streams, I invite you to join me in the Roadmap to Revenue program .
This course will teach you all the shortcuts so you can start earning more while doing less.
Don’t let a slow season hold you back—let it launch you into new opportunities.
P.S. Make sure you don’t miss out on signing up for my blog, filled to the brim with strategies and tips to help you grow your business!
Your Fearless Leader,
Cheryl
