Your 8 Point Personal Income Generation Plan
(Income Generation With Your Passion or Hobby)
By
Professor Theodore Henderson
“It’s your place in the world; it’s your life. Go on and do all you can with it, and make it the life you want to live.”
~ Mae Jemison
You might have witnessed others relishing an enjoyable and satisfying profession related to their passion. They get to spend their time at work doing things they like and are good at! What about you? Do you feel as if you’re enslaved to a job you detest? Do you imagine generating income doing something you enjoy? A passion of yours, perhaps?
Great news! Whether you’re looking for a fulfilling career or hoping to bring in a second income stream, you can begin mapping strategies today. It isn’t farfetched to have a successful endeavor generating income from your passion.
You can be sure that you like to do something that someone would gladly pay you for today!
The First 3 Vital Steps to Income Generation
With Your Passion to Profit Strategy
1. Ascertain all the ways you can monetize your passion.
When you begin brainstorming, it’s essential to do so in a way that pushes you toward success.
- Most people right away attempt to determine why something will not work. However, if an idea is instantly approached in this way, the concept tends to be dismissed too rapidly. Every concept– even the very best concept– will have challenges related to it, so jot down all your ideas without pre-judging.
Capture as many ideas as possible and then take some time, maybe even a week, before you approach those ideas seriously. Provide your mind an appropriate amount of time to actually consider income generation ideas properly. A couple of nights of sleeping on things can develop some magnificent outcomes.
- Give each idea a minimum of a few minutes of consideration prior to making a decision. Numerous outstanding ideas are too rapidly ignored prior to a complete examination.
- Be unbiased. Due to the fact that we associate our passion with ‘enjoyment’ or fun, we don’t truly consider the monetary value that the activity might have to others.
2. Know that you’re currently an expert.
One obvious challenge you might have is the belief that you don’t know enough. But you don’t have to be the world’s leading authority to be a valuable resource and make money.
– Ask yourself this question: “Do I know enough about this subject to be able to teach the average or normal individual enough to at least get them off and running?”
– If you can respond to ‘yes, then you know enough to charge individuals a fee for your competence. It resembles being a mathematics or science tutor. You might not have a Ph.D. in mathematics or science. Still, you might realistically tutor a 6th grader and make money for it.
– There are many people out there that are the equivalent of a 6th grader when it comes to your expertise. Being an authority is relative. You are already a professional compared to a lot of others.
So, suppose you can sit down and teach the typical person something of value. In that case, you currently understand enough to generate income at it. That does not imply you shouldn’t continue to inform, expand, and enhance your understanding and skills. But it does mean that you can begin generating income as soon as possible.
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3. Believe you are capable of the impossible.
Numerous things are prevalent today that were considered to be impossible a short while ago.
– The four-minute mile is a typical example. It was considered to be unachievable for a long time. Then it was achieved, and more than 15 individuals did it within the next 3 years. Even high school kids are now capable of breaking the 4-minute mile barrier.
– Of course, making money from your passion is possible. However, the majority of us think that it isn’t. So you have to think you can do what you feel is impossible.
– The easiest way to do this is to surround yourself with individuals that have done what you want to do. If you can see others doing what you want to do, it compels you to self-belief. If you see their reality every day, you’ll believe that you can do it, too.
If you can comprehend how these 3 steps might work for you, it won’t be long before you can make your living from your passion!
Who Could You Be Assisting Today?
Keep in mind that there are things that you love to do that you can do much better than the average person. There are also individuals out there looking for your proficiency. If you can simply find each other, you’re all set.
4. Do some homework on others who make money with their passion.
You’ll discover that few of them are at any risk of being the next Elon Musk, yet, they do very well! Take that as reassurance. There are plenty of opportunities for ‘regular’ folks with a passion in a field to stand out.
5. Your most significant challenge is not an absence of ability, experience, or qualifications.
It is merely the result of too little imagination or guts. With sufficient resourcefulness and guts, anything is possible. Focus your energy on those 2 things. It enhances all elements of your life.
Advice for Success
Despite the fact that you’ll be enjoying the pursuit of your passion in your new endeavor, it’s still a business, and you’ll want to see it generate income and profits.
Attempt to establish these characteristics for success in putting your passion to work for you:
6. Successful people have a reasonably valid point of view about what is attainable.
Contemplate this: if your perspective on everything worldwide was exact, you’d more than likely be wealthier, happier, and more capable of bringing your dreams to life. We all have inaccurate understandings. Make every effort to envision what you can genuinely do.
7. Comprehend what steps need to be employed.
A number of us squander our time on activities that have little impact. Determine which activities are concerns for profits and spend more of your time on those activities.
8. Conclude the jobs that you understand should be done.
Not all business tasks are enjoyable, even if you’re passionate about your endeavor. Nevertheless, successful people do these needed jobs rapidly and enthusiastically.
Generate That First Dollar
Emotionally, it’s compelling to actually generate income at your enthusiasm– any money at all! Even if it is just $1, it shows that you’re capable of earning money for your passion. Don’t ignore the power of getting paid for the very first time! Be consistent until that first payday occurs.
Conclusion – Income Generation
Making an excellent living at your passion is something that is within your reach. First, you need to believe significant income generation is achievable. Go find some people that are already doing what you want to do. They’re out there, and discovering them with the Internet is simple. By spending time with them, even digitally, you’ll begin to believe that you can also do it.
Brainstorm all the income generation possibilities with an open mind. Take a week prior to you start actually looking at the concepts critically. What looks like a bad concept on day 1 can look pretty good on days 7 to 9.
Act and make your very first dollar. A simple sale can make all the difference worldwide. One dollar and you’re off to the races as an entrepreneur and business owner. Offer yourself the chance to earn money doing what you really like. You can do it!
Additional Resources – Income Generation
How To Start A Freelance Business Part 3
How To Start A Freelance Business Part 1
10 Most In-Demand Consulting Jobs
Small Business Can Survive The Chaos
12 Proven Ways To Make Money Online
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About The Author
Professor Theodore Henderson works with business owners, entrepreneurs, and corporate professionals on their business skills, marketing, and leadership strategies. He is an Amazon best-selling author, a Certified Career Coach, Business Skills & Leadership Coach, and a Certified Social Media Security Professional Powered by CompTIA.
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