Feb. 17, 2021

46. The Myth Of Passive Income

46. The Myth Of Passive Income

There is no such thing as passive income unless you're investing in the stock market, and even then you can make bad choices if you're not careful. Deb Boulanger shares her point of view on why passive income is a myth. Any product takes an investment of


πŸ‘ Apply to the Launch Lab for women entrepreneurs https://launchlabassessment.com/Β  Β 1:28🍾 Congratulations to my clients Molly and Sofia who doubled their pricing. 2:42πŸ›οΈ There's nothing passive in launching a business and generating income. 4:03πŸ“² Meet Joyce Shulman - her 99 Walks app is an example of doing online business right. 5:31πŸ–₯️ Deb has three online businesses, and it takes a lot of time and effort to run each of them. 7:36πŸ’ŽThere’s a gap of real mentorship in the market 8:09πŸ™ƒ Marie Forleo B-school or Jeff Walker's Product Launch Formula are sophisticated launch strategies, not passive businesses. 8:23πŸ“ˆ MLM can earn passive income, but only with a huge sales team. 9:42πŸ€” Do affiliate marketing programs work? Sure, if you have a huge online following. 10:11πŸ‘† You can't launch a business with a low-end membership offer. 11:11πŸ’Έ I made a mistake and invested $50,000. 12:02πŸ–οΈ You can run your business from a beach, but there is nothing passive about it. 13:52πŸ«‚ New review of iTunes for LAC podcast, please share your thoughts and give us a review. 14:48πŸ™Œ Join me on Clubhouse: @DebBoulanger