Creating Passive Income
This week has been an interesting one (already)
I thought I was pregnant when my period was delayed by almost 3 days after we had an unintentional deviation from our cycle method during my previous ovulation period. In the end I started menstruating on day 29 and it's likely that beginning my Hashimoto's Autoimmune medication again the week prior was what caused the delay.
It got me thinking though, if I did fall pregnant, or got super sick or had something else happen where I was unable to contribute as consistently to my business for an extended period of time - would that be sustainable?⠀
The answer for at least the moment was no, it wouldn't.⠀
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Despite being well aware of the importance of multiple income streams as an entrepreneur, I haven't placed a lot of importance on building mine up.⠀
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These are the ones I do have at the moment:⠀
1. My monthly VIP club⠀
2. Some evergreen resources that are available for purchase via my website⠀
I have had it on my mind to do merchandise and even ... and I know this sounds super MLM-ey of me ... but essential oils. Forgive me #sorrynotsorry but I just love them so much that it does make sense to have them in compliment to all the blend of business/strategy and mindset coaching and offerings that I have.⠀
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These ideas or already established income streams aren't there to be or become the high income earning aspects of my business but, they do have the potentially for providing balance and stability to a naturally fluctuating type of business model. And they stand separate to the 1:1 coaching/speaking offerings that I have which are obviously more hands on.⠀
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What about you?⠀
Do you have multiple income streams in your business that aren't as hands on as your core or high end business offerings? If you had to take a 80% or 100% time out from your business for however long ... would there be any income still coming in?
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P.S.
Want to find out more about what I do as a Business, Life and Period Coach and, how we can work together to expand your energy, create more flow and unlock your optimal methods? Read more here or message me to lock in your spot for a consult or 1:1 coaching. x