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How To Generate Income From Doing What You Love

How To Generate Income From Doing What You Love

Everybody says at one point or another that you should do what you love. If money were no issue (which it shouldn’t be), people would just do what they wanted all the time. But is there not a way to combine the two and make your passion your main income stream? I tend to believe that there is.

There are multiple ways to create a viable income through what you love to do. And if you go down the rabbit hole of trying to monetize your passion and come out of it dissatisfied, then it might not have been what you really wanted in the first place. You’ll never truly know until you try.

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Here are 4 ways to generate income from your muse.

1. Get good at it (or great)

Keep in mind that you don’t need to be an expert — you just need to be more knowledgeable than 80% of the niche market you’re targeting. If you want to be a physical trainer, you probably want to try out multiple methods of lifting (you should also ensure that you look the part by being in great shape). If it’s a specific field, read 4 to 5 books on the subject, then try your best to regurgitate the knowledge you retained in your own light. Once you reach this level, your knowledge will become a valuable commodity.

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2. Teach others your passion

Webinars, online courses, in-person coaching — anything that you love can be taught to other people who have the same passion. You can charge a premium if it is something truly niche and you get to be surrounded by a community of people who share your interests.

3. Write an e-book/tutorial

If you don’t want teaching to take up too much of your time, consolidate what you know into writing a quality book that can teach others or show others the passion you have. This option has the added benefit of being passive in creating income.

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4. If what you love is creating a product, sell that product

This one is a no-brainer. If you make paintings, sell those paintings. If you make music or write or build custom chairs and tables, create like crazy and spread them out into the world (for a fee of course).

While these are all simple ideas to get you started, keep in mind that if what you want is to truly follow your passion, then you will do it in spite of the money. The income will be an added bonus, a reward for taking your passion to a whole other level. Your muse should be there no matter if money is being made from it or not.

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A quick side note that’s actually really important is this: make sure to discover your niche market first before you go off selling to the world. You need to address the people you are targeting, figure out a problem they have in their life, and find some way to solve that problem. For example, if you know of multiple 40-year-old men who no longer enjoy their careers and want out of the rat race, make something that could alleviate that pain, such as an e-book or online coaching for how to do just that. As for art, such as music and wooden furniture, there isn’t necessarily a problem you are solving, but maybe there is an absence in somebody’s home, a void that can be filled by your creation. Just make sure that the target audience for your gift is well defined so that it doesn’t get lost in the land of generic products.

Keep trying to pursue your dreams! Best of luck!

Featured photo credit: Bench Accounting via unsplash.com

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Last Updated on December 2, 2018

How to Flow Your Way to a More Productive Life

How to Flow Your Way to a More Productive Life

Ebb and flow. Contraction and expansion. Highs and lows. It’s all about the cycles of life.

The entire course of our life follows this up and down pattern of more and then less. Our days flow this way, each following a pattern of more energy, then less energy, more creativity and periods of greater focus bookended by moments of low energy when we cringe at the thought of one more meeting, one more call, one more sentence.

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The key is in understanding how to use the cycles of ebb and flow to our advantage. The ability to harness these fluctuations, understand how they affect our productivity and mood and then apply that knowledge as a tool to improve our lives is a valuable strategy that few individuals or corporations have mastered.

Here are a few simple steps to start using this strategy today:

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Review Your Past Flow

Take just a few minutes to look back at how your days and weeks have been unfolding. What time of the day are you the most focused? Do you prefer to be more social at certain times of the day? Do you have difficulty concentrating after lunch or are you energized? Are there days when you can’t seem to sit still at your desk and others when you could work on the same project for hours?

Do you see a pattern starting to emerge? Eventually you will discover a sort of map or schedule that charts your individual productivity levels during a given day or week.  That’s the first step. You’ll use this information to plan your days going forward.

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Schedule According to Your Flow Pattern

Look at the types of things you do each day…each week. What can you move around so that it’s a better fit for you? Can you suggest to your team that you schedule meetings for late morning if you can’t stand to be social first thing? Can you schedule detailed project work or highly creative tasks, like writing or designing when you are best able to focus? How about making sales calls or client meetings on days when you are the most social and leaving billing or reports until another time when you are able to close your door and do repetitive tasks.

Keep in mind that everyone is different and some things are out of our control. Do what you can. You might be surprised at just how flexible clients and managers can be when they understand that improving your productivity will result in better outcomes for them.

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Account for Big Picture Fluctuations

Look at the bigger picture. Consider what happens during different months or times during the year. Think about what is going on in the other parts of your life. When is the best time for you to take on a new project, role or responsibility? Take into account other commitments that zap your energy. Do you have a sick parent, a spouse who travels all the time or young children who demand all of your available time and energy?

We all know people who ignore all of this advice and yet seem to prosper and achieve wonderful success anyway, but they are usually the exception, not the rule. For most of us, this habitual tendency to force our bodies and our brains into patterns of working that undermine our productivity result in achieving less than desired results and adding more stress to our already overburdened lives.

Why not follow the ebb and flow of your life instead of fighting against it?

    Featured photo credit: Nathan Dumlao via unsplash.com

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