11) Franchising Out
Creating a business system and franchise it out does not limit it to only physical business, you can apply this online too!
Franchising your business is a proven route to rapid growth. When the concept of franchised is effective, you can make it one of your passive income streams. Do bear in mind, this is not a 100% ticket to success. It can be successful only if you have the correct mindset in doing this.
To do this, you need to first create an online business system. Once you’ve proven that the system is stable and workable, you can then franchise it out. Meaning to say, this online business system is no longer your own. Anyone who pays will have the access to use this system for their own purpose.