You may have heard about making money while you sleep. This concept is about passive revenue. Passive revenue is critical for cash flow and for being able to make more money than when dollars are tied to hours worked. Creating a passive revenue product also can free you from repeating the same information over and over again.

Passive income involves creating a product that you can sell over and over again. Once it is created it brings you income without much effort or even automatically without your having to do anything. Sound interesting? Want to create some passive revenue for yourself? Keep reading.

Who can create a passive revenue product? If you know how to: do something easier, do it quicker, do it cheaper, do it better (better quality), find something, find it quicker, or fix something (a problem) you can create passive revenue. Share what you know in a format that can be duplicated and sold and you have a passive revenue product.

What are some examples of passive revenue products? Down-loadable ebooks, down-loadable audio files, recordings of teleclasses and transcripts of teleclasses are all passive revenue products. If speaking comes easier for you that writing you would be best to consider audio products such as audio files. If you enjoy writing consider ebooks. If you enjoy collaboration and speaking consider a teleclass where an involved audience can help you create your product.

Begin to plan now for what passive income product will best meet your needs and how you will go about creating it.