Charging high rates for professional services can be beneficial, especially if the value of the service provided is high. While time-for-money engagements like coaching or consulting have their place, charging a higher hourly rate can make sense, particularly for individuals with valuable expertise. Selling fewer high-priced products can generate more revenue and trading an hour at a high rate can be a lucrative strategy.
Earning money while you sleep is the dream of passive income that few realize. In part, that's because it requires a significant upfront investment of active work and time to build the assets necessary. For those seeking financial independence, passive income can be both an accelerator and a plentiful source of cash once you reach FI, and leave your primary career. In this show, we discuss Eric's experience gained over the past eight years intentionally creating a diverse array of passive income streams. Today, 90% of his small business revenues come from passive sources, bringing him closer to reaching FI each day. Join us as we explore these topics and more in this first episode in a series about passive income.
For show notes and resources please check out our website: https://twosidesoffi.com/