There’s a dirty secret behind passive income – that you have to have the right mindset – otherwise you might resist it, sabotage it or feel like you’re “cheating”
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Lucky Bitch Video Transcript – The Dirty Secret of Passive Income
So I wanted to talk about the dirty secret of passive income…
Now this might be kind of disappointing for some people to hear because if you’ve been involved in a personal development industry as well as the entrepreneurial industry passive income is like this Holy Grail.
Everyone wants passive income and, in particular, if you’ve been in the industry from a very male perspective because the guys talk about passive income a lot.
So I wanted to talk to you about my experiences with passive income and what I’ve really noticed with my clients and a lot of the other entrepreneurs that I know.
Now I wouldn’t go as far as to say that there is the myth of passive income because I do believe you can make money easily.
But something really interesting happened to me and it has happened to a lot of people recently that I think is worth talking about and it is that there are a lot of blocks sometimes that hold us back from earning what we should.
When I started my business, it was very much hours for dollars. I would have a coaching session, you pay me money and then that would be done and I had to constantly market to get those new clients. And then I started doing more leverage forms of income so I started doing group coaching programs so I could have five, 10, 20, 30 people on the course.
The workload is still the same and I’d obviously make a lot more money.
And a really interesting thing happened when I turned that course into a home-study program and this what I had been working towards for a long time, right? The lure of passive income.
I was like, “Yes. It’s finally going to happen.”
Then something really fascinating happened. I started actually feeling really guilty about it and I felt like oh, but I’ve already created this. Oh, it feels kind of weird that people aren’t getting me; they’re not getting the live experience.
But what’s missing?
I realized what was missing was that feeling I had in business of having to work incredibly hard, having to do those all-nighters and having to type away, you’re 10 minutes before the deadline, finishing your copy and sending those emails out and feeling that constant adrenaline feeling of being in business especially when you’re launching things all the time.
And that was suddenly missing and I realized it was a guilty feeling and as much as I thought I’d wanted a passive income for a long time when it finally came to be, it felt inappropriate. It felt icky. It felt too easy.
A lot of female entrepreneurs don’t get to the point of passive income because of the fears and the blocks around it.
- What would happen if I was really incredibly successful?
- Who would I be if I didn’t have to launch things all the time?
- Who would I be if I didn’t have to be busy in my business?
- How can it be this easy?
So if you’re one of those people where you go, “What the fuck is she talking about? I love passive income. I’ve got no problem receiving it. It’s all good.” Then this videos isn’t for you anyway. Go off and just make your money.
But if this is resonating with you and you’re thinking yes, there must be something internally to me as to why I’m not making that passive income, well then I’ve got a couple of extra tips for you.
The first one is just to recognize the facts that you probably are on your journey. I found that passive income requires a lot of groundwork at the beginning.
Building your newsletter list, making your products and services really speak for themselves, having lots of testimonials, all that kind of thing up until you’ve got those points.
A lot of your income is going to be constant marketing and all that kind of stuff. So really look at just some of the milestones in your business and just having those things in place a big list constantly growing your list and all that kind of stuff. That’s a huge one and it’s very, very practical.
The second one obviously is to deal with your blocks around receiving.
See if there’s anything that’s there that you think “Ah, yes, I know why I’m blocking this. It’s because my dad said you can’t make money doing that.” Or “I feel inappropriate that I’m making money so easily and someone else is working really hard.”
It’s really about identifying those things that are holding you back from achieving that easy income. I am going to say easy instead of passive is it’s like easy, it can flow.
And then the third thing is to recognize that even when you have a business that’s generating that cash flow, you still have to have the structures in place to be able to do it. You can’t necessarily just go off on holidays for the rest of your life and make money.
You’re still going to have the marketing systems.
You’re going to have to invest in some things maybe a website, maybe having a virtual assistant, maybe having people who can do the marketing for you, and then after that, you know what? Passive income can come in totally, totally fine.
You’ve got to know those secrets because they’re the secrets that really successful people who earn a lot of money passively they know and now you do as well.
So I can’t wait to hear from you and your comments on this one:
Do you believe in passive income? Have you experienced it? Are you frustrated? Or has this video sparked something off and you’ve realized why it’s being difficult for you so far?
I can’t wait to hear from you and wishing you love, luck and abundance. Bye.