Nicolas KorvessisChief Executive Officer, Scale Lab · CEO Of Scale Lab 🧪 Scale Your Business With The 'Pyramid Of Growth' See how it works below! 👇

3 REALISTIC Passive Income Ideas | Nicolas Korvessis

18 Jul 2023 · 2 min

Watch on YouTube

1:31

In this concise presentation, Nicolas Korvessi outlines three practical passive‑income strategies tailored for experts who sell knowledge, advice, or services. He first recommends building or reselling a SaaS product, emphasizing that while the initial setup requires significant effort, the ongoing time commitment is minimal, making it a true passive stream. Next, he advises entering affiliate marketing, but stresses the importance of promoting products that already belong to the creator’s niche or existing offerings, which simplifies sales and improves conversion. Finally, he suggests creating or promoting online courses—either original content or through platforms like ClickBank—allowing a one‑time creation effort to generate recurring revenue. Throughout, he frames these ideas as complementary components of a “flywheel,” where each stream can reinforce the others, creating a sustainable, low‑maintenance income ecosystem.

Chapters

If you're an expert in your space or you sell knowledge or advice or you help people with doing certain things, there are 3 really, really good ideas for passive income that I wanna give you right now. The first one is SaaS, software as a service. There are lots of softwares out there that you can either create or piggyback off of to create your own version of and then sell it as your own software. Or you can even just piggyback off of someone else's software and sell it for some kind of an affiliate fee. And that goes into the next one, but software as a service is a great way to get started into passive income because it just requires a lot of setup work upfront, but your hours working on it will be fixed afterward, which is great for passive income. The second one is gonna be affiliate options. So I think the biggest mistake people make with getting into affiliate marketing is they pick something like totally random or something that'll be really, really hard to sell. Pick something that's in your wheelhouse. So for example, if you have a software that's a company, you should have an affiliate that's just selling more of that software. Sell more of the stuff that you're already selling. It's gonna be a lot easier to make that work for you. And the final one is some kind of a course, whether it's something that you create once and consistently sell passively, or you're piggybacking off of someone else's courses and selling their stuff, usually through something like ClickBank. These are all really, really great sources to generate and create passive income without doing all the work yourself and having fixed hours on it once you invest that time and money initially. So give those a shot and make sure they're all working together as a flywheel.