We all want to profit from doing the things we love but how? It’s not as simple as some people make it seem, so I’m here to debunk the myth of ease and overnight success that some fast-talking-public-speaking-entrepreneurs perpetrate.
If it was easy, everyone would be doing it and I know that it like everyone is doing it. Social media flashes entrepreneurial achievement, financial flexing and side-hobbies turned million dollar businesses and all that “success” smeared in your face can not only be overwhelming but instead of encouraging, it can breed internal pessimism. This “why-can’t-my-life-be-like-social-media-influencer-such-and-such” mentality is flooding the minds of most of us who indulge but let’s rant about social media and it’s potentially negative influences later.
How can you turn your passion into profit?
- Get focused. You can’t have a passion for real estate, film, modeling, stock-investing, social media management and vending machines all at the same time. Narrow it down a bit and focus on one or two things for 6 months to a year at a time. See if you truly love it, if so, great, if not keep going through the list. It’s okay to start over and it’s okay to be unsure – don’t let this generation convince you that it’s not.
- Put more time into your passion. This step is inevitable. You can’t have Picasso dreams and only paint for an hour once a week. You have to give more time to your passions if you want them to turn a profit.
- Invest in your passion. Take courses, pay consultants, get a coach, network more etc. and be sure to invest in what can make your business successful. For example, if you have an e-commerce store, invest in a Facebook ads course or hire a Facebook ads/digital marketing manager. Marketing is essential to a business – don’t neglect it.
- Invest in your mental health. If you think you can build an empire with a disheveled mind, trust me – you can’t and you don’t want to snap at the peak of your success because you neglected your mental to increase your net-worth.
- Be relentless. People that are successful, never let up. Success and giving up don’t go hand and hand. You can’t have one unless you lose the other.
I am confident that if you get focused, put more time into your passion, invest in your passion, invest in your mental health and adopt a relentless mentality – you can turn your passion into profit. And remember to charge what you’re worth not what you expect people to pay.
One more time for those in the back.
And remember to charge what you’re worth not what you expect people to pay.
For example, if you are a personal trainer and you believe that your training program is worth $500 a month, charge clients $500 a month not $250 because you think it’s more affordable. Don’t short yourself to make some profit, find those $500 clients so you can make exactly what you deserve. This is optional when you are getting started but if Louis Vuitton can charge $500 for t-shirts you can charge the same for a month of focused and tailored personal training.
As they say, know your worth and then add tax.
You got this!
If you found this article helpful, insightful or just plain old necessary, please share and repost – it’s free and I’d gladly appreciate it. Thank you in advance.