008: Developing Asynchronous Income (Episode 4 in the 4-Part "Time & Income" Series)
**Episode 4 of 4 in the Time & Income Series. To listen to Episode 1 in the series, go here. To listen to Episode 2 in the series, go here. To listen to Episode 3 in the series, go here.**
I hate the term "passive income," but it’s become a buzzword in recent years. Everyone wants to know how to get passive income so you can spend your days sipping piña coladas on the beach rather than toiling away in an office. Passive income isn’t really passive, though. It takes a lot of work to develop passive income streams, enough that I don’t even like to call it passive; I prefer to use the term asynchronous income. And while it may take a ton of work up front, asynchronous income can truly be a game changer for creative entrepreneurs. Asynchronous income allows you to finally break the connection between your income and your time. We’re going to dig into how to make asynchronous income work for you.
In this episode, you will learn
- What asynchronous income is (and what it is not!).
- Why asynchronous income matters for your creative business.
- How to structure your creative business to include asynchronous income.
- How to determine what asynchronous income streams are right for you and your creative business.
This is the fourth episode in the 4-part Time & Income Series. You can listen to episode 1 in the series here; you can listen to episode 2 in the series here ; and you can listen to episode 3 in the series here.
In this episode, I refer to :
- the book How to Get Paid for What You Know by Graham Cochrane
- the podcast The Graham Cochrane Show
- Jennet Ingle's website and book, The Happiest Musician, plus the podcast interview where I first heard about her work
- the online self-funding platforms Patreon and Buy Me a Coffee
- the book How to Make Money While You Are Sleeping by Rick Sammon
A full transcript of this episode can be found here. Full transcripts of every episode will always be available at the Starving Artist No More Blog.
Thank you for listening. Please feel free to reach out to me at www.StarvingArtistNoMore.com, with any questions, comments, or feedback. I'd love to hear from you.
