This episode of the Online Business Case Study is about building a passive income business. This shows how Jake turned his business in the insurance industry into a passive income machine through online business automation, virtual assistants, and outsourcing.
Today, this business generates up to $10,000 per month, and Jake spends less than 5 hours per week working on this business (just upkeep and answering emails).
Throughout this episode, Jake talks about the strategies he implemented to turn this into a passive income business and how he utilized tactics such as virtual assistants and online business automation to perform repetitive tedious tasks that otherwise would require Jake’s individual time and attention.
Covered in this episode is a behind-the-scenes look at:
Jake’s email marketing sales funnel strategy, and how this automates the process of selling to generate passive sales. This is the primary online business automation engine used to build a passive income business.
How Jake hired a team of virtual assistants to perform tasks such as website design, course programming, course formatting, email marketing, and social media management. This saves Jake 40+ hours per month.
How Jake is outsourcing work to ghostwriters to assist in the process of writing new insurance courses, helping to drive new course sales and increase revenue.
This episode provides an inside look at Jake’s online business automation funnel, and how he leveraged strategies such as outsourcing and virtual assistants to create a passive income business.
Copy This Business
Go to theentrepreneurridealong.com/exam to access the mini-course for step-by-step instructions to replicate this business.
Resources
Resources mentioned in this podcast series:
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