Passive income is a hot-button issue right now in a lot of circles, and for GOOD reason. It really fits hand-in-hand with the Design Life Project lifestyle, as a real way to create more balance in our lives, work less for more money, and develop a business that supports our lifestyle, rather than the other way around.
If you’re like I was, you may think:
“I’m busy and my business is thriving. Why would I need to develop a system for passive income?”
I’ve thought this over and over – and figured the whole “passive income craze” had no relevance in my service-based, client-based, CUSTOM, built-from-scratch, one-of-a-kind business. But I was totally wrong. It is relevant – to ANY business, but especially creative ones, and here’s why:
- Invest your time instead of just spending it
The biggest case for creating a passive revenue stream in your business is it’s an amazing INVESTMENT. Not investment of money in the traditional sense, though. As your business grows, you’ll realize your most precious asset is time. You may think time is time and goes by no matter what – but it’s not really true. There’s a way to invest your time – and it’s in developing a passive income system. You spend the time ONCE and it keeps working for you – without you spending the time over and over again. Your time is exponentially MORE valuable when spending it creating a passive income system. It can potentially grow and grow, unlike how you’re spending time now. Time is finite in the trade-hours-for-money scenario.
- Easiest time in history for passive incomes
Right now is the easiest and most fertile planting ground for developing a passive income system. It’s a bit ridiculous how easy it is to start. The cost is super low, and you can start it RIGHT NOW. You don’t need a degree, or even a specialty. You just need a passion – ANY passion. If you know anything about anything – there’s a profit to be made on it. There are people out there who want to know what you know, or want to buy what you make. And connecting those clients with you and your offering is the easiest it’s EVER been. NOW is the time to start. It truly is the future, and the entrance gates are unlocked and are wide open right now. Why NOT start now?
- Business “insurance” plan
As women, building a business can be particularly scary. We have an extra set of worries when it comes to starting a family. There is such an uncertainty. If you already have children, you already know how big of a change happened in your life. If you don’t already have kids, you can only imagine how your life would change. For all of us though, when a business depends on only us – we get worried something could happen to us and render us temporarily unable to work. Developing a passive income system is a way to serve as a backup plan – or an insurance type business for us. It reduces our client dependency for our business to thrive. And who doesn’t want a little extra security right?
- Helping other people isn’t limited
The businesses that do the best, are those that HELP people. It is fulfilling as a business owner, and a as person, to be able to help people. As it currently stands though, you can only help so many people, because you’re just one person. When you develop a system, it can grow and grow and help many more people than you could ever handle on your own. Your reach is spread to the sky – and you can truly feel amazing about that! It is worth it!
So now that we’re in agreement – you may be wondering where to start? How do you develop a passive income stream in YOUR businesses? This is exactly why I developed my newest e-course, Create Passive Profits. There is information out there on how to begin, but it’s very general and super muddled. I’ve worked hard to devour all the information, speak to those currently doing it, and clean it up in an easy to understand and customizable way for CREATIVE businesses. There’s a lot of junk information out there, car salesman type techniques and just generally outdated information. I created a course that I wish was out there! This course will help you to develop the idea and hit the ground running with it. Early-bird registration for Create Passive Profits opens next week. Make sure you’re signed up to the DLP newsletter to be first to know when registration opens!
Cheers to a bright future – filled with passive incomes, fulfilling work, and being with the ones you love!