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This month is all about automation, and creating courses is actually a GREAT way to build an online business that sells on auto-pilot. And the thing is, EVERYONE has something to teach.
WHAT IS TRADING TIME FOR DOLLARS?
Trading time for dollars is when you’re spending your days working and your income is capped at however much you can output. If you work 40 hours, you get X amount for those 40 hours and then you’re capped. So literally, you are trading your time for dollars.
This is why I jumped into the online world. I didn’t want to build my business locally anymore. I didn’t want to have to hire a big team and have the pressure of managing all that + still having to show up. I want to build a multi-million dollar business someday and I couldn’t do that by remaining local, I had to take it online.
It’s not realistic to think that everything can be on autopilot or that passive income can be totally passive, but we want to get as close as we can. Once you reach the point of maximizing your passive income, your hour can be worth $1000 vs. $50.
And you’re not just getting paid when you show up. You’re getting paid behind the scenes with your funnels that are constantly selling your content that is living on the internet forever. There’s so much opportunity, but our goal is to get out of the rat race and start being efficient with our time
TIME IS YOUR MOST VALUABLE GIFT
Time truly is your most valuable gift and this is why I hate hourly pay structures. With hourly jobs, you show up for your eight hour shift and that’s all you do. You get paid for eight hours no matter how hard you work or how quickly you work. With these pay structures your income is capped. You feel stuck, and like you can’t win. It’s like your time is stolen.
For me, I want to make the most money in the least amount of time. I want to be as efficient and productive as possible, making the biggest impact I can in the least amount of time. Time is so valuable and it’s something you can never get back.
Investing in business is not just with money, but we have to think of the time investment we are putting in. If we’re only focused on trying to build-build-build, and it’s taking up all our time because we’re not being efficient and not looking for the scale potential, that’s the same as trading time for dollars. So, when we’re building an online business, the awesome thing is that we can sell our content or services pretty much on autopilot.
HOW CAN WE DO THIS?
The scaling potential is HUGE in the online space. One of the reasons I left the local space was that if I was going to scale, my operating costs would be through the roof. Compare that to an online business where your operating costs can be low and your reach can be huge and impactful. Here are some things to think about when you’re structuring & planning for automation…
🌸Start to dream about how huge that scaling potential is. Then, you have to think about what is going to be enough for you. As a mom this is hard because I want to build a multi-million dollar business, but I also have kiddos at home that need more of me. So deciding what number is enough for whatever season you’re in is huge.
🌸Decide where you’re called to make an impact and how you can reach as many people as you can WHILE serving them incredibly. This is the point where you also decide what type of model you’re going to use. Are you going to go with the high quantity, low touch model? Or the high quality, high touch model? However you want to build your business, wherever you feel called, is fine.
🌸Think about FUNNELS — start building funnels that do the work for you, which is really limitless in terms of potential both online and locally. Once you get a customer onto your email list, think about how you can run them through multiple funnels giving different options for working with you. You’ll really start to see that scaling in your business.
🌸Courses, memberships, and other online offers are HUGE for this. You don’t have to pay for inventory, you don’t have to pay for a place to store inventory. You literally have no costs outside of having your content hosted somewhere.
Do you want to learn how to do this and make “passive income” on auto-pilot??? Register for my FREE God-Given Online Biz Masterclass! You will learn how I enrolled $140k in students in 6 weeks, built an online business that set my heart on fire and was able to stay home with my kiddos and work only 10-20 hours a week on average.
Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.
Ecclesiastes 11:2 (NIV)
As this passage in Ecclesiastes says, it’s important to have diversity in your streams of income. Having an online business is a great way to do that, and having a passive income product or service makes it even better.
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