059. Debunking the Passive Income Myth: The Truth about Earning Online| Digital Wellness Club Podcast
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Tired of hearing claims about making big bucks effortlessly online? Dive into this episode where we separate fact from fiction about the elusive "fully passive income." We'll reveal why "semi-passive income" is more accurate, and how aligning your business with your core values leads to genuine success.
In this episode, let's debunk the unicorn myth of passive income in the digital world. I get it; we've all seen those posts claiming to make money effortlessly. But let's face it, it's not true. I'll break down where this myth originated and share what it truly means in your business.
First off, let's call it what it is – semi-passive income. Think of it like semi-sweet chocolate chips; it's not a perfect analogy, but you get the idea. True passive income, where you set it and forget it, doesn't exist. Anything running on automation still requires work, testing, tweaking, and promotion.
Now, let's talk about building a business that generates monthly income. Start by choosing a business aligned with your values and passions. Consistency is key, and as you get good at your strategy, you can automate parts of it, giving that feeling of semi-passive income.
Diversification is another trick. In my digital business, I offer one-on-one coaching and done-for-you services, but I also have lower-ticket items that sell more passively. Different streams of income give the illusion of passivity, but the reality is, you're still showing up, promoting, and working at it.
So, when starting your business, focus on branding, core values, marketing platforms, services, and pricing. This is the groundwork for the semi-passive income you desire. If someone promises you a fully passive business, they're selling you a dream.
Remember, follow your passion, create an aligned business, and the semi-passive perks will follow after you put in the hard work. If you're eager to learn more, shoot me a message; I've got some spots to help people build their businesses.
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“Doing what you love is the most important thing, that is what life is all about; it’s about finding joy.”
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