Blog Series: How to Create a Passive Income (Part 1)
Hey friend! How are you? Thanks for joining me here!
I'm excited to share the start of a new BLOG SERIES: 5 Steps to Create a Passive Income for Your Online Business!
Over the next month, I will walk you through my series of 5 Steps to Create Passive Income for your online business! Each week, I will explain one step in the process and offer you some support in making it happen!
Follow along (and subscribe to updates!) if you want to create:
- A business that brings in consistent 4- and 5-figure cash flow each month!
An automated system that helps you spend less time on social media!
Less money stress and more time to do the things you love!
Let’s get started!
In this 5 Step Blog Series, I will teach you the key to creating passive income stream(s), the step-by-step process I use to create a passive income funnel, and insights around how I make $6K per month with my passive income streams.
First, let’s be crystal clear: there are so many different ways to make passive income, especially online! But in this series, I will focus on the few I’ve seen work best for me and my clients:
Online Courses :: Ebooks :: Affiliates :: Agency Services
What makes me qualified to teach you the steps to success in earning a passive income?!
When I finally created a program that CLICKED with my people (meaning, a program that has helped my girls get started on the right foot!), I realized that I already had great material! And I didn’t have to continue doing the same amount of work, over and over! I could turn my program into an online course.
So I’m offering YOU the exact steps I’ve walked throughout the previous two years in business, the same steps I’ve taught my clients inside Fitness Business Academy.
Step One to Creating Passive Income: Understand, WHO IS YOUR IDEAL CLIENT?
When I was starting my business as a Run Coach, I really struggled to get clients. And now, as I train other female fitness entrepreneurs online, I see this happen to them, too. Often, we come into the online space thinking, “I’m here to make money!” That’s true....but that’s not what being an entrepreneur is really about (and it’s not really why YOU’RE diving into this industry, either!).
Being an entrepreneur is about being an innovator, an idealist, a creative: someone who sees a problem in the world AND a way to solve that problem.
So, if you’re starting a business, you need to know two things: your ideal client (who you want to serve) and what problem they’re struggling with. This is the FOUNDATION of your business!
When I started run coaching for the first time, I wanted anyone and everyone to work with me. But pretty quickly I realized that this was not ideal for me, or for them! After working with a business coach, I brought on 10 new clients...BUT these were a variety of clients with many different problems to solve. To meet the needs of everyone, I had to stretch myself way too thin, plus my skill set was not really one that could best serve my new clients.
I did some work around WHO I wanted to work with and WHY. I determined my ideal client and their pain point. And that’s when things started to happen for me!
Who is YOUR ideal client?
Think about your business right now. Do you have an avatar picture of who you want to work with? Do you understand your strengths and how you can use your best skills to solve your clients’ problems?
If you’re struggling to determine your ideal client and the problems you specifically hope to solve, I encourage you to check out my IDEAL CLIENT IDENTIFIER WORKBOOK. This workbook will help you identify your dream client and how you can start serving them specifically, to start earning money more easily.
Regardless, you need to have this foundation clear in your mind, so you can move forward in creating programs for your people via passive income streams.
So tell me, who is your ideal client? And which of their problems are you working to solve?
And if you need help determining your ideal client, reach out to my team! We would love to help you clarify your ideal client! We’re here for you, rooting for you, and ready to teach you the next steps to making a passive income for your online business!