The #1 Strategy Successful Entrepreneurs Use To Earn More Money and Work LessFeb 11, 2022
The #1 Strategy Successful Entrepreneurs Use To Earn More Money and Work Less
Are you living the entrepreneurial dream? You know the dream, right? The one where you start your own business so that you can have more freedom - physically and financially.
Or is the reality that your small business dream is melting away as you slowly burn out?
Let’s be honest, “Free” sometimes isn’t the real description of the typical entrepreneurial life. Sometimes the key characteristics might look less like Freedom, and more like Frazzled, Frenzied, Freaking out and Freight Train (as in - speeding along like a Freight train just to make ends meet each month!)
And that’s why a lot of entrepreneurs give up their small business dream! Is that how you are feeling right now?
Well, you wouldn’t be alone. But please don’t give up just yet! Because even though this really is a common phenomenon amongst entrepreneurs, it isn’t the way you have to do it.
You have more options than you think. And there is hope for your small business dream to still come true!
The Entrepreneurs Biggest Problem: Trading Time For Money
The problem is that a lot of entrepreneurs quit corporate to pursue the small business dream… just to apply the same corporate principles, corporate training, and corporate mindset to their new small business.
Before you know it, you’ve fallen into the comfortable current of trading time for money. It comes so naturally, and everyone else is doing it so it must be the best way… right? Unfortunately not.
You can only earn money in the hours you have available to work. And yes, you can raise your prices so your earning potential can increase. But it can only go so far.
And the more you want to earn, the more you HAVE to work: which means later nights, earlier mornings, trying to pack more things into each hour, more clients, more projects, quicker deadlines. It’s a recipe for business burnout.
You’re busy all the time. You have a capped income. And if you don’t put in the time, there’s no money coming in, which means no holidays and higher stress. You wish you could get off the proverbial hamster wheel!
And suddenly you realize your small business dream is starting to look just like the corporate nightmare you left behind because (without meaning to) you’ve created what we call an “ugly business.”
The Entrepreneurs Best Solution: Mailbox Money
Don’t worry, there’s a solution to running an Ugly Business. And it starts with adopting a better money-making strategy. A strategy that is way better than trading time for money.
In the world of entrepreneurship, “Mailbox Money” is that better way! It’s where you do something once upfront and then you receive recurring payments for months and years after that. You don’t have to be present to be paid.
It can look like a lot of different things, but some examples are: selling courses on your website, earning money from affiliate marketing, and creating revenue from content you’ve created on social platforms.
Remember it doesn’t have to be one or the other. It’s not that trading time for money is evil. But when you are only trading time for money, your options are very limited. When you create opportunities to make mailbox money, you give yourself CHOICES about if and where you want to trade time for money.
Maybe there is something that you are good at, that you love so much, that even though you could give it up, you’d rather not. That way you can carry on doing it and loving it, and never lose your spark for it because it’s something you “get to do” rather than something you “have to do.”
Step 1 Of Making That Money
“You don’t know what you don’t know.”
Step 1 of making mailbox money as an entrepreneur is to start asking questions.
Find out what opportunities are out there in your sphere. Think about what you’re good at, and what kind of things could earn you mailbox money.
You’ll probably be surprised at how many options you have. And how simple it is. And you’ll be racking your brain trying to figure out why everyone else isn’t doing this too.
Whether you want to add a digital product to your website to supplement your income or work your way out of interacting with clients altogether - you have tons of options. It requires some research and effort upfront, but it is so worth it if it can take you off the hamster wheel and get you back on track with your sexy business dream.
SHIFT Happens. S-H-I-F-T.
“You can make it happen for you.”
Is it time to pivot? Is it time to shift in your business so that you can have the time and freedom to do the things you want, how you want, when you want, with who you want, and where you want?
You can still do both, but know that you get to choose which time you trade, how much, and how often. Opportunities like this are at the core of building a sexy business and a sexy life.
Join us in on ClubHouse or catch our replays here where we share some practical mailbox money advice as well as other sexy business secrets.