After establishing ones self as an expert in their given niche, it is important to further diversify yourself from other given experts that may be in the same field. While doing this you may also find additional ways to leverage your time further and develop not only a greater absolute income for yourself but also a relative income that is more passive and conducive to your lifestyle. Consider the population you have made yourself an expert in and now consider ways you can reach similar individuals on a grander scale, with little to no additional time investment.
An absolute income is one that you will continually trade time for dollars for. This is fine, considering that your passion has now lead to an income and therefore the time you trade is something you enjoy doing; however, to be truly successful you need to be able to separate yourself from a business model and have it continue to generate your income. By separating yourself from this income stream you are now free to consider additional populations and repeat your successful model, or you are now free to relax and enjoy additional things in life outside of business.
A relative income is such that little to no work is involved in order to maintain an income. This can be established and accomplished in a number of ways including, but not limited to, hiring additional individuals to train according to your principles while taking a percentage of the income generated as a bonus to yourself for hiring and teaching the individuals these principles. As well, generating a series of manuals or possibly an ebook that allows for little to no overhead costs while still generating an income for individuals looking too educate themselves on your expertise.
Time is the only limited commodity. There are limitless amounts of money in the world; however, money does not buy you time. Make time for yourself and let your success be defined as the achievement of an ideal lifestyle and not the most riches.
At the end of the day the worst thing that can happen is failure. Period. And as soon as you determine the worst case scenario and ways to avoid it then you have not only defined your fear but have generated ways to stay away from it. Keep failing! Fail better. Learn from mistakes, and keep moving forward.
Define your passion. Let it drive you. Riches will follow suit.
Joshua K. Neufeld
YES! Contact me today to schedule a FREE no obligation consultation and trial workout.