#20: Top Ways to Diversify Your Income in 2024

24/01/2024 19 min Temporada 1 Episodio 20
#20: Top Ways to Diversify Your Income in 2024

Listen "#20: Top Ways to Diversify Your Income in 2024"

Episode Synopsis

In today's episode we discuss the importance of diversifying income for health and wellness & soulful entrepreneurs. I share my personal experience with burnout and the realization that a one-to-one business model was unsustainable. We explore various ways to diversify income with practical tips for overcoming tech challenges and pricing digital products. We also introduce the concept of offer mapping and building a business model that includes multiple revenue streams. The episode concludes with a reminder to choose revenue streams that align with expertise and the needs of ideal clients.Chapters00:00 Introduction and Personal Experience with Burnout01:22 The Importance of Diversifying Income02:18 Moving Beyond a One-to-One Business Model03:13 Identifying Opportunities for Diversification04:17 Creating Online Programs and Digital Products05:17 Exploring Membership Programs06:01 Overcoming Tech Challenges in Creating Online Programs07:28 Considerations for Program Length and Support08:57 Determining Pricing for Digital Products10:49 Benefits of Membership and Subscription Services12:43 Utilizing Affiliate Marketing15:33 Offer Mapping and Building a Business Model19:21 Summary and ConclusionLet's Chat - Send an instant message now Free Resource: Attract Amazing Clients Join the FREE GROUP - Wellness Biz Growth HubSubscribe to my YouTube channel: Live Your Passion, Grow Your PracticeVisit my website www.cassduffill.com