WorksheetsIncome Streams and Online Business Insights
Total questions: 20
Worksheet time: 30mins
1-5.
Answer the questions below after watching the video
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.
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
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
Time Freedom is a Benefit of Passive Income
True
False
Other Benefits of Passive Income Are...
Reduced financial Stress and Anxiety
Give you the ability to spend time doing/learning about things you love.
Allows you to work and live Anywhere!
Let's you spend without a budget
What kind of businesses pay passive income?
Real estate crowdfunding
Vending Machines
Affiliate Marketing, YouTube content
Tool, Car or Space rental
Cooking, babysitting or gardening
Where can you learn more about passive income
Youtube
Tiktok
Financial News & Magazines
Library
How long does it take to set up legitimate passive income of $2000+ when starting with Nothing?
0 to 30 Days
3 to 6 Months
1 - 5 Years
5 Years or longer
How long does it take the average "Overnight Millionaire"?
Overnight
1 month to 1 Year
2 - 5 years
10+ years
Most people _________ what they can accomplish in 1 year.
over estimate.
Think they can do more than they can
under estimate
Think they can do less than they can
Most people _________ what they can accomplish in 10 years.
over estimate
Think they can do more than they can
under estimate
Think they can do less than they can
Most people are able to set up their first passive income stream in ...
1 month
1 Year
5 years
10 years
If someone promises to get you passive income with no work, it is most likely..
a scam
Not true
A dream come true
A great connection
How is a side hustle different than passive income?
Side Hustle is active work you do when opportunity is available
Side hustle is usually active income
Side hustle is different because it is work you do on the side of passive income
Side hustle is different because you gotta be smart to do it
What is a common trait among successful entrepreneurs?
They give up easily
They are persistent
They avoid risks
They rely on luck
Which of the following is a benefit of having multiple income streams?
Increased financial security
More free time
Less stress
All of the above
What is the first step in creating a passive income stream?
Investing a large sum of money
Identifying a profitable niche
Quitting your job
Waiting for the right opportunity
