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Making Money Online with Lisa Johnson

008 How to Work Out Your Passive Income Idea

Making Money Online with Lisa Johnson

Lisa Johnson

Business, Entrepreneurship, Marketing

5.0567 Ratings

🗓️ 2 August 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

In today's episode, we will learn how to work out our passive income idea. We already went through the different types of passive incomes available to create.

Now, we will unravel how to make our one-to-many model, and I will showcase three different ways that will help us develop our passive or semi-passive income idea. 

What You Will Learn In This Episode:

- How we can use our expertise in a particular subject to create a one-to-many model

- Two common obstacles in creating a passive income idea

- Why generating competitors in our industry is good for us

- How we can use our past experience or our passion in the creation of our passive income idea

Being an expert doesn't mean knowing everything about a subject, just more than the average person. And although many people could be doing what we want to do, no one will do it the way we do it. All of us have unique expertise and talents, and we must exploit that when creting passive or semi-passive income streams. 

Resources:

- Download my FREE Launch Strategy Guide https://www.lisajohnson.com/launch 

- Visit my website https://www.lisajohnson.com/ 

- Follow me on Instagram https://www.instagram.com/lisajohnsonstrategist/ 

- Follow me on Facebook https://www.facebook.com/lisajohnsonstrategist 

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to Making Money Online with Lisa Johnson, the podcast that tells you what it really takes to build a business and the simple steps to get you there.

0:12.6

I'm determined to share with you the reality of easy, simple business marketing tips to make passive income so that you can start making money online.

0:22.3

Hello and welcome to today's episode where I'm going to be talking to you about how to work out

0:29.0

your passive income idea. We've been talking a lot on the podcast so far about passive income,

0:33.8

about how I got into passive income about what it is, some different types. And one of the

0:38.2

things that comes up time and time again with my clients, especially in my one to many program,

0:43.3

is I really want to do it. I really want to make passive income, but I can't figure out what I'm

0:47.8

supposed to make passive income with, like what will be my big idea. And so I wanted to talk to

0:54.1

you about that today today because once you've

0:55.2

got that, you can really run with it. And you can do things quite quickly if you know who you

1:00.9

want to help and what you want to help them with. So the first thing we need to think about is what

1:05.3

the idea is. And lots of people want to make life easier. You know, they all say to me, I want to

1:10.4

make passive income and they all kind of want to start with easier, you know, they all say to me, I want to make passive income,

1:11.1

and they all kind of want to start with courses, memberships, group programs, workshops,

1:15.8

things that are the one to many model.

1:17.7

That's the easiest way I think to start making passive and semi-passive income.

1:22.8

There are other ways which we've talked about and which we'll talk about further on in the podcast,

1:26.4

but this is generally the quickest way is to go from one to one to one to many. So that bit's nice and kind of straightforward. But then it's like, well, what am I going to teach people in this one to many model? So for some people, that's going to be easy. You're going to love the one to one work you already do. and you're going to say, well, you know, I love doing what I do. I just want to impact more people and do want to get out there and help more people with this thing that I already help people with on a one-to-one basis. So I will just do that idea. And that will be usually what your business already is. You already have a business,

2:01.2

whether let's say you're a therapist, a coach, a personal trainer, whatever it is that you

2:07.6

help people one to one with, you will go, well, I already have that audience. And so it makes

2:13.0

sense to use that and do a course in it or have a membership about it or do a workshop on a particular

2:19.5

aspect of what I normally teach that lots of people ask me about. So that's the easiest thing.

...

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