The Passive Income Course That Taught Me to Sell Passive Income Courses

· 2 min read · Syed Omar Faruk Towaha
The Passive Income Course That Taught Me to Sell Passive Income Courses

The ad promised "passive income while you sleep." I clicked, mostly out of professional curiosity and partly because I am, like everyone, tired.

The free masterclass

The "free masterclass" was a 90-minute video, of which roughly 8 minutes contained information. The rest was the host's backstory (broke, then enlightened, then rich), photos of beaches, testimonials from people with very white teeth, and a growing sense that the actual content would arrive shortly. It did not. Instead, an offer appeared.

The offer

A $1,997 course, discounted to $997 for the next 15 minutes, with a countdown timer. (Reload the page and the timer starts again. Time, it turns out, is also passive.)

Sales-page tricks
Satirical tally of a very familiar kind of sales page.

What the course teaches

After all the modules, the core secret was this: create an online course about how to make passive income, and sell it using a free masterclass with a countdown timer.

The loop
An infinite loop of courses about courses.

It's an elegant system. It just needs an infinite supply of new beginners at the bottom, which is a problem with every system shaped like this.

The psychological tricks, decoded

"Passive" income isn't passive

Real income that keeps coming without daily work exists: rent from property, dividends from investments, royalties from a book or software people keep buying. But all of them required a lot of active work or capital first. Writing a book is not passive. Building software is not passive. The income can become passive; the work never was.

How to spot a real course

Good courses exist. I've learned a lot from them. Signs of a legitimate one:

The honest course I'd sell

"How to Build Wealth, Module 1: Spend less than you earn. Module 2: Invest the difference in diversified, low-cost funds. Module 3: Wait. Module 4: Keep learning skills people will pay for." Price: free. Testimonials: compound interest. Unfortunately, it doesn't need a Lamborghini, so it doesn't sell.

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