Make Money Reselling Online Products & Services
The first thought that pops into my mind is web hosting and the second thought is mobile websites.
These are just two examples of the types of things you can resell to businesses (or people) in the real world.
So you setup a website for your company saying you do x, then attract the customers, and then when you convert them all the work is done by the product company. You take the classic middleman margin.
How’s this passive?
Well, I’m assuming you build your marketing around a blog, You Tube channel, social media etc, so it’s automated and long term.
And then I assume that the delivery of the product is done by a VA in the Philippines – so easy to get someone to setup a website for someone, or organise hosting etc.
The best deal is when you buy in bulk (e.g hosting), sell off in chunks and it’s a regular repeat (and automated) transaction.
Welcome to paradise son!
PS also think about services you already provide (not passive) and ways you can generate passive income from them, e.g e-commerce store designers build on Shopify and then take 20% affiliate fee from Shopify…for life!
PPS One specific idea is to look at buying developer’s licenses to online products and then selling the use of them by others, e.g say a plugin that helps people backup their website – you get the developer’s license and then your offer is to install the plugin (provide a service as a developer) and show them how to use it, and they pay a quarter of the plugin’s usual retail price.
I’m assuming you have Virtual Assistants together with documentation to make this process seamless and most of all, passive. Nice!
Our goal is to find multiple income streams, and the more passive the better.