Income Streams and Online Business Insights

Why did Paige decide to start an online business?

• She wanted to work with international clients.

• She had a lot of free time.

• She couldn't find a job in Germany without speaking German.

• She wanted to travel more.

What was Paige's first digital product?

• A travel blog

• A course on content marketing

• A web designer client finding guide

• An email welcome sequence template

Which income stream does Paige find the most effortless and rewarding?

• YouTube AdSense

• Investments

• Affiliate income

• Coaching

What is one of the key lessons Paige learned about starting an online business?

• It's best to start with one-to-one services.

• You should immediately invest in ads.

• Building an audience is not necessary.

• Focus on having the highest revenue.

According to Paige, what is more important than the amount of money you make?

• The number of products you sell

• The popularity of your business

• The amount of money you keep

• The number of clients you have

Why is passive income important? (2 correct answers)

• Because time is your most valuable resource and if you can make money while you sleep that ensures you will get and stay financially stable.

• Passive income is important for financial stability and freedom.
• Passive income leads to financial instability.

What are some ways to make passive income?

• Renting out a car, a room or property long-term or on AirBNB

• Selling online products

• Investing

• Working for an employer, getting an hourly wage

Most people build passive income while...

• actively working on creating income streams, usually while working a full-time job

• ignoring potential income opportunities
• passively waiting for money to come in
• relying solely on luck for income growth

Passive income means... 2 Answers

• You don't have to do any work at all

• Can be a challenge to set up and get going but will pick up if you're consistent

• You gain more time freedom than you have with active income

• You live paycheck to paycheck

Most millionaires have more than ___ passive income streams.

• 8

• 3
• 1
• 4