I am sure you have seen the increase in the price of milk, gas, and pretty much everything in between. And if you are a bit like me and look at your online portfolio with one eye open, you are not alone.
I also know you are an intelligent human and because of that, intuitively, you know that everything is cyclical. Your portfolio will go back up, you will find a new strategy in how you cook and buy your groceries. You may even organize your errands and driving to help make your gas tank last a little bit longer.
Just the other day a new client asked me to help her get creative on how to offset some of these price increases. Although she has her bottom line covered, she wanted my help in finding creative ways to develop possible side hustles without creating anything new.
Did you know that 1 in 3 Americans are planning on starting a side hustle this year?
That is on top of the 40% of Americans who already have a little something on the side.
Regardless, whether you are a career professional, a creative, or an entrepreneur you have wisdom knowledge and talents inside of you that can easily be shared.
It’s not that hard to create additional impact and income by simply repurposing what you are already doing. Teaching what you know is nothing new. But when you have a strategy on the how, the systems for the what, and then the structure to contain it, anything is possible.
So if you are even remotely thinking about how you can turn your knowledge and expertise into a passive profit maker, then these three tips are for you.
If you can “front load” your efforts at the beginning of your process, the back end of these efforts will pay off in spades. For example, all the heavy lifting for creating a digital course or product happens on the front end. Writing the outline, recording the lessons, creating the graphics, sales pages, etc. Once it is done, all that is left to do is promote it and get it validated. The labor is done in the beginning and over time, that product makes money over and over again.
Don’t overcomplicate it. Teach what you already know. You have all the goods already inside of you, you just need to figure out ways to repackage them. Take some time to do the research and pay close attention to how someone else in your niche might be doing it. If it’s already popular, it can also be popular for you. There is room for everyone!
Don’t overspend. In the beginning, keep it raw and organic until you can begin to see some results and a bit of ROI. Once your profits outpace your investment, then you might want to think about a few upgrades.
Here’s how you can avoid that:
👉🏻 Meet yourself where you are at
👉🏻 Don’t compare yourself to your neighbor
👉🏻 Stay in your lane and commit to your one thing
👉🏻 Find 1 or 2 mentors who you are reliable and you can trust
It took a while for me to embrace this and once I did, everything shifted; my products, my messaging, and my income.
If you are not sure what your thing is or how and where to start, I bet I can help you.
And don’t just take my word for it, here’s what Jenny had to say;
"You make me feel so much better. I am so calm after our sessions. I think it’s so important that everyone has a one-to-one with you because it’s so easy to get lost along the way. I know what I have to do next and having you guide me gives me the confidence to believe in myself.”
See you next time!!
P.S. If you are digging these three tips, you can get them in your inbox each week. Sign up here.