A minimal viable product (MVP) is a version of a product or service that has the minimum set of features needed to be viable and test the market. The goal of an MVP is to gather feedback from customers and learn what features are most important to them, so that the product or service can be refined and improved over time.

An MVP can be a useful tool for making passive income, as it allows you to test the market and gather feedback before investing a lot of time and resources into building a full-scale product or service. This can help to reduce the risk of failure and ensure that you are building something that is in demand and has the potential to be profitable.

There are several ways you can use an MVP to make passive income:

1. Sell the MVP: Depending on the nature of your MVP, you may be able to sell it directly to customers and generate passive income from sales. For example, if you have created a software MVP, you could sell it as a standalone product or offer it as a subscription service.
2. Use the MVP to gather customer feedback: You can use your MVP to gather feedback from customers and improve the product or service based on their needs and preferences. This can help to increase the value of your product or service and make it more attractive to potential customers.
3. Use the MVP to build a customer base: An MVP can be a useful way to build a customer base and gather email addresses or other contact information from interested users.
4. Use the MVP as a marketing tool: An MVP can be a valuable marketing tool, as it can be used to demonstrate the value of your product or service and generate interest from potential customers. This can help to drive sales and generate passive income over time.

To create an MVP, it is important to identify the minimum set of features that are needed to make the product or service viable and test the market. This might include a basic version of the product or service, or a subset of the full range of features that will be included in the final product.

It is also important to create a clear plan for how you will gather feedback from customers and use it to improve the product or service. This might involve using surveys, focus groups, or customer interviews to gather feedback and incorporate it into the final product.

Overall, an MVP can be a useful tool for making passive income by allowing you to test the market and gather feedback before investing a lot of time and resources into building a full-scale product or service. By gathering feedback and continually refining the product or service based on customer needs, you can increase the value of your MVP and generate passive income over time.