Passive income is a big part of my coaching business and has been for years now! But I've learned that a lot of entrepreneurs who have an online business still don't know much about making passive income online (nuts!). So, they are burning out trying to run active income streams, like a 1:1 Mentorship Program, a membership site, a group coaching program, mastermind or real-time events, that are all time-for-money business models to some degree, meaning income is dependent on their precious time and energy.
Don't get me wrong. These types of offers should absolutely be in your product suite and luckily, they are typically higher ticket offers, so the ROI, the return on your investment (time and energy), is worth it. But, when you run out of hours in the day because you're maxed out with clients, you inadvertently cap your income and thus, can't scale your business. Not a good situation! This is where PASSIVE INCOME comes in handy! But first... WHAT IS PASSIVE INCOME? Passive income is cash that you make on a regular basis with little to no effort. Other than the initial investment upfront of creating your digital products, setting up your automated sales funnel and executing any necessary marketing tactics to sell your offers, assuming this is done properly, you're able to make money online, around-the-clock, while living your life! WHY IS IT IMPORTANT: Passive income is the easiest and most effective way to SUSTAINABLY scale your business. If you've grown your online business to $10k, $20k, $40k months with time-for-money offers, it's time to put a scalable business model in place so you can continue to increase your revenue month-over-month without increasing your time and energy output (recipe for BURNOUT and extreme business RESENTMENT!). THE AMAZING BENEFITS OF PASSIVE INCOME:
MY APPROACH TO PASSIVE INCOME - A SNEAK PEEK INTO MY 80% PASSIVE OFFER SUITE (that I teach my clients)
0 Comments
Building a business is hard, no doubt girlfriend.
But a lot of times the resistance you feel is actually stemming from your nervous system not feeling safe. The reality is that 95% of your actions are driven by your subconscious mind, so your external world, including your business and bank account, is quite literally a mirror of your internal state. Your conscious mind may be ready for the 6-figure business, dreamy AF clients, sought-after speaking opportunities and 5-member team to lean on, but if you've been taking consistent and aligned action and still aren't seeing the results you crave, it's likely because deep-down you subconsciously don't feel safe or worthy to have them. Hey babes! Welcome to the blog.
Yesterday I went LIVE on IG (click the pic above to watch!) to talk about how I walked away from $24k just 2 weeks ago... only 2 months after leaving my 9-5 job. I know what you're thinking... why in the heck did I do that!? Believe me, I questioned my sanity too. It the day before I was to launch my *signature course* that was fully created & market tested, 12 women were signed up on the waitlist & ready to swipe their credit cards & another 2 females we're inquiring about 1:1 business coaching services... And I decided to SCRAP IT ALL. Why? Because it wasn't in alignment with me anymore. I felt draining to create. I didn't even believe in what I was teaching anymore. I was having to force myself to get out of bed & show up. There was no joy, passion or excitement in the project. Taking action was forced, not inspired. I tell this to my clients all the time, but ALIGNMENT IS THE #1 MOST IMPORTANT THING WHEN IT COMES TO YOUR BUSINESS. Not just because it's almost IMPOSSIBLE to build a business when you don't believe in it... But because building from a place of mis-alignment will dysregulate your nervous system, meaning you're automatically operating from survival mode & your brain and body no longer feel safe to push on and receive more. From this space, you unconsciously self sabatage any effort to succeed and succumb to symptoms that include but aren't limited to low energy, anxiety, depression, low mood, insomnia, pain and muscle aches, blurred vision, focus & concentration issues and the list goes on making overwhelm and burnout the default in this state. But when you are living from your truth and align your business with your soul, you will naturally feel energized, your nervous system heals, emotional and energetic blocks vanish, clarity and confidence are a constant, work and attracting clients is easy, and the list goes on. Sounds dreamy right? Well, I would've never had that if I kept forcing my business. I would have forever been struggling to show up, sell, serve & succeed. And I chose this entrepreneur life for happiness & freedom... that was going to be a mental, physical, emotional & spiritual prison. Nah, girl. No thank you, boo boo. I don't care what the short-term fall out is (money, discomfort, etc.). SO WHAT ARE THE EXACT STEPS I TOOK TO BURN THIS BUSINESS DOWN & BUILD IT BACK UP? 1. GUT CHECK. BE HONEST WITH YOURSELF. Your intuition never steers you wrong. You are feeling the weight for a reason... lean in to what it's trying to tell you & where it's trying to lead you. To help with this process, pick a quiet spot and journal freely. What's bubbling up for you? 2. CHECK-IN WITH YOUR BODY & ENERGY: Ensure this "off" feeling is not just your nervous system out of whack. Sometimes when we don't take care of ourselves, our mood, focus & energy dip, which can make it hard to show up. However, a lot of the times the resistance (mental/physical/emotional discomfort) we feel in our bodies is actually smoke signals that we are moving in the wrong direction. Try to decipher between the two before making any rash decisions. Our bodies are so smart and always communicating to us - whether positive or negative. 3. GET CLEAR. What LIGHTS YOU THE F UP? What can you create & sell based on that? How can you deliver it to the world in a way that feels good to you (not how everyone else says you should)? 4. RE-ALIGN. Your mind & body are on board with your new found truth (they've been trying to convince you of this pivot for months). Now it's time to connect your soul to your business. 5. SUBTRACT. Take audit of what in your biz was maybe aligned with your previous self, but isn't anymore (any team member, client, freebie, offer, platform, funnel, etc.). CTRL, ALT, DELETE ANYTHING that does not align... even if that takes ya back to ZERO (hello, me :D). This is the fun but scary part, and don't just keep something around because it's "working." It will become dead weight sooner or later. Eliminate it. 6. BUILD NEW. Congrats - you have a clean slate to create what actually brings you alive. Watch how fast the results poor in now that you get to wake up and teach a topic that LIGHTS YOUR SOUL UP. What a gift you have given to yourself, and the people you will soon serve. So there you have it! If you're feeling the same heaviness in your business, I suggest you use the steps above and explore why. It's not worth having a business if it's one that you aren't 150% IN LOVE WITH. Watch my live if you want more deets and an INSIDE PEEK on my new program! If you have questions leave a comment or DM me on IG! Much love girlfriend. Thanks for reading! xoxo Hey babes! GUESS WHAT?! Boss Up with Confidence Co. is officially LIVE! The last couple months I poured my heart into designing this merchandise (yes, I created each design from scratch in Canva, curated each product with intention & tested the material to make sure it was worthy of you). Honestly, it took 10X longer to launch this thing because my inner perfectionist got the best of me (can anyone relate?) 🙄 But it is here and I’m stinkin’ excited. This shop is a hub of empowering apparel, accessories and home/office décor that I hope will remind you on the daily of how beautiful, capable & badass you really are. Check out a SNEAK PEEK below and be sure to click through to SHOP! As always, I am so grateful to you for supporting me. I hope you enjoy love!💕 XoXo, Carrie PS: Please leave any and all feedback in the comments below, as well if you’d like to see another product with a certain quote! I will be releasing new product in the shop weekly and would be glad to apply any recommendations you have 😉 Get 20% OFF SHOP WIDE UNTIL 9/30! |