When starting an affiliate marketing business, it's crucial to understand the difference between passive and residual income streams. Initially, I didn't know how to repurpose my course or blog content from passive to residual income. Likewise, many beginners find these phrases confusing.
This post focuses on repurpose content creation from passive to residual profit.
What is Passive Income?
In contrast to typical employment, when time is exchanged for money, passive income is money gained with little to no effort. While passive income may require an initial investment of time and money, it can be maintained with minimal ongoing effort. For instance, developing an online course as a product might result in sales that produce passive revenue. It is also possible to convert this product into a residual income.
What is Residual Income?
Residual income, or recurring income, continues to come in after the initial work is done. For instance, turning online course into various formats, you are transforming them from passive to residual income sources.
Due to a lack of understanding, many newbies do not immediately monetize their work utilizing repurposing method. Writing and posting content first brings in passive revenue. However, the content turns into residual revenue when it is made available in many formats and across various platforms.
These are the ways to transform passive income contents to residual income:
Blog content: be turned into audiobooks by recording them.
Video Courses: Make instructional videos or lectures.
Membership Sites: Members get continuing access to new and old material.
E-books: Make the course content available as an e-book.
Webinars: Conduct live or pre-recorded webinars.
Podcasts: Convert course materials into audio recordings that teach.
Infographics: Condense key ideas into visual form.
PDF Guides: Offer printable guides.
Online Articles: Convert course material into articles.
Repurposing your content in a different way will help you efficiently convert it from passive to residual income-generating and draw in more viewers.
