Turning Passion Into Profit

Turning Passion Into Profit

Turning your passion into profit can actually be easy if you love what you do. The obvious questions then follow: ‘How exactly do you turn your passion into a profitable business?’ How do I build a business while growing a family?

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I’m sure you’re ready to create a life and business you both love and enjoy!  Yet, during these difficult times of “Coronavirus fears, social distancing and self-isolation”, you may feel that it would be inappropriate to market yourself and your talents.

But please hear my heart. We’re in this together! And now, more than ever, the world and your future tribe needs you to show up. People are hurting and desperate to make money.

How long have you been dreaming about becoming an entrepreneur, coach or consultant? Blogging can change your life. Now is the time. You have an important mission to serve others, providing hope, consolation, peace, and comfort.

No, I certainly don’t believe that you should be distasteful by aggressively promoting yourself in light of the current times.

But you also have a personal commitment and right to create more margin for yourself and your family. Just imagine the lifestyle you would be able to live if you turned your passion into profits. Online entrepreneurship can help you to reach these specific goals.

What Is Passion?

Passion is a strong feeling, a powerful or compelling emotion. It is the desire to get something, make an impact, or achieve a milestone. Additionally, it is putting more energy into something than required or expected. 

“Passion is energy. Feel the power that comes from
focusing on what excites you.” – Oprah Winfrey.

How to Find Your Passion

I hear you again, loud and clear as you ask, “How do I turn my passion into income?”

Turning Passion Into Profit

Firstly, do a quick assessment of yourself. Ask Yourself: Is there something you already love doing?  Find out what you spend hours reading about. 

What’s that special ability you have? What’s that hobby or interest that captures your attention for hours without you becoming tired or bored?

Your passion can also be anything that simultaneously challenges you, intrigues you and motivates you. Contrary to the idea that doing what you love makes work effortless, a passion puts you to work.

It’s what you’re willing to sacrifice lesser leisure and pleasures for. Seek it and where you find it may surprise you.

That’s your passion.

Right now, you have an amazing opportunity to support and help your future clients in a unique way.

Your target audience may be struggling with a number of issues:

  • Creating an effective daily routine to stay motivated and productive.
  • Family and parenting challenges  
  • Developing better habits and actually sticking to them
  • Meal planning without the hassle, stress or overwhelm
  • Overcoming fear and anxiety
  • Staying healthy, diet, nutrition, and exercise strategies during quarantine
  • Keeping the home organized and being in control of their space
  • Effectively managing money in an effort to reduce stress and expenses

How to Turn Passion Into a Business

Awesome. You have now discovered your passion and remain excited about your potential of turning it into a profitable business.  In this article, we will explore just how to support your audience while still generating an income in a congruent and caring manner.

Here are some keys on how to turn your passion into profit.

Develop Your Talent  

Investing in yourself is one of the best returns on investment you can have. In fact, it can last a lifetime. Whether it’s building your knowledge, investing in learning a new skill and abilities, developing yourself is imperative to further develop your talent.

Turning Passion Into Profit

Investing in your education is all about updating your skills.

Perhaps is now time to attend that online webinar, seminar or workshop to shore up your training. Enhance your mental stock by reading books and blogs. 

To invest in yourself means to invest in your future as your knowledge stays with you. By investing in a business coach or a training, you learn new things, thus improving yourself.

Investing in yourself, in acquiring knowledge or skills is the principal investment you should make for your financial future.

Never stop learning as this can change your life!

Start A WordPress Blog

Bloggers who opt to start a blog with WordPress will certainly not be disappointed. A blogger can launch and be live with WordPress within five minutes. This is a huge benefit when getting started as there isn’t a long process to start a blog.

WordPress

Setting Up: Easy As 1 2 3!

Launching a blog is so simple and easy to set up. Not to mention that it is very inexpensive.

  • Step #1: Select a perfect niche for your blog.
  • Step #2: Pick a domain name.
  • Step #3: Choose the WordPress blogging platform.
  • Step #4: Get a web hosting account.
  • Step #5: Select a WordPress theme to design your blog.
  • Step #6: Publish content consistently
  • Step #7: Promote your blog

Voila! You now have your own blog site to start turning your passion into profit and making it bigger, of course! Now, start providing value to your target audience.

Provide Amazing Value

If you successfully recognize people’s needs and meet them you can quickly turn your passion into profit. Every person has needs and wants. A need is something essential for our survival. In order to live, people need food, water, shelter, and energy.

Turning Passion Into Profit

There are many things that each of us can do to help people whose basic needs are not being met.

Providing value is helping people do things quicker, better and more affordably. Value involves educating people. Value centers around making people feel good about themselves and their interactions with you. 

Value is empowering people to make good decisions and take the right action. Can you make them feel happier? Do you have tips to make their problems appear smaller? Perhaps you possess a skill to make people feel important.

Can you provide solutions to their worries? Do you have the gift of comedy to amuse them or make them laugh? Perhaps you’re an excellent cook and share ways to make meal planning easier for them.

Educate them. Help them to look better via your proven strategies in health, nutrition and beauty.

Truthfully, getting money from people is very difficult. You need to offer value first before people will part with their money. But when you can solve problems, people find it easier to pay your price.

Your talent can help the lives of people. Will you show up?

Leverage Social Media

Albert Einstein, the genius who developed the theory of relativity, said: “A day would come that technology would surpass human interaction.”

Turning Passion Into Profit

Interacting with consumers on social media is an important marketing strategy for small businesses. Social platforms help you connect with your customers, build brand awareness, increase your customer base and boost your leads and sales.

Some common social media sites include Facebook, Twitter, Instagram, LinkedIn, and Pinterest.

Here are three ways you can make money on social media.

  • Promote affiliate products.
  • Create and promote your own digital products and services.
  • Promote your coaching or consulting services.

With more than three billion people around the world using social media every month, it is certainly not to be ignored. When you employ a social media marketing strategy, the challenge of awareness is solved effortlessly.

Practice Being Consistent

Being consistent allows you to establish awareness, build trust and deliver your services efficiently and profitably. Observe the nature of the postage stamp. It has the ability to stick to one thing until it gets there.

Turning Passion Into Profit

Consistency is an important key to successfully turning your passion into profit. To be consistent means you’re prepared to fully dedicate your entire self completely to a task, activity or goal.

It means to fully stay engaged without distraction. It means that you go out every single day after that thing that you want without being unreasonable or unethical.

Consistency is especially important in building your business or brand. Bakeries, for example, must be consistent, because customers come in expecting the same delicious breads and pastries daily.  If they slip up even one day, they could potentially lose customers.

Until you’re well known for one talent, don’t switch to another talent. Master, become the resource or the “go to” person in your niche regarding your passion.

There is nothing wrong with combining talents, but ensure you’re well known for a primary passion before showcasing another.

Create Digital Freebies

Everyone loves “freebies” – sharing great apps, restaurants, movies, etc. when they discover them, so use that to your advantage. Accordingly, many businesses offer free giveaways, services and free product samples in an effort to raise awareness about their brand.

Digital Freebies

Freebies are a great incentive for people to refer your services to someone.

Promoting your business and gaining more customers by giving away freebies may seem like a ridiculous selling tactic, especially if you have just launched your blog. But the marketing strategy works—if you know how to do it properly.

So, if you decide to offer a freebie for your business, be sure to do it strategically. Properly set up your sales funnel so you can generate revenue later down the line.

Here are 5 ways to turn irresistible freebies for your business into legitimate payments for products and services.

  • Decide What Your Digital Freebie Will Be
  • Write a Dedicated Blog Post
  • Link to It In Your Blog Posts
  • Promote It On Social Media
  • Promote it Directly On Your Site

However, the promotional value of offering freebies must always be balanced with what you can afford to offer. Relatively new brands find it more difficult to go on a freebie giveaway for marketing purposes.

Yet, when coming out of the gates, it is critical for emerging brands to develop their “know, like and trust factor.” Don’t immediately focus on the money rather focus on developing your brand by creating irresistible freebies.

Remember, in business, there’s nothing more powerful than word of mouth marketing.

Blogging Tip: Lead with passion and the money will follow.

Start a Mastermind Group

The first place I came across the concept of a mastermind was in Napoleon Hill’s Think and Grow Rich.  A Mastermind Group is a peer-to-peer mentoring concept used to help members solve their problems with input and advice from the other group members.

Mastermind Group

The core value of a Mastermind Group is the synergy of energy, motivation, and commitment as well as the willingness to learn and grow together.

One of the hard parts of becoming a blogger or entrepreneur is the psychological fear of being the principal decision-maker. Ultimately, the success of each decision and metric depends on you.

The discipline of time management, managing a budget, being accountable, and maintaining your sanity certainly is a real challenge. As a solopreneur, this can be one of the hardest parts of starting your own business.

In contrast, the benefits derived from a mastermind group include mutual support, differing perspectives, access to group resources and member accountability.

For this reason, I created my own mastermind accountability group to help me stay focused and grow successfully. Here are five steps to create your own:

  • Define Your Purpose
  • Choose Your Partners
  • Define Your Ground Rules
  • Host Your Ideal Meeting

A mastermind group helps you and the other group members achieve success. Members challenge each other to set strong goals, and more importantly, to accomplish them.

So, associate yourself with friends who are in the same field, think as you do, or whom share a similar passion as you have. These are the friends whom will cause you to stretch and eventually turn your passion into profit.

Your Next Steps

So, are you up for the challenge to change both your personal and professional life? If you’re interested in launching a business that gives you both freedom to work when you want and where you want to consider joining Blogger’s Paradise.

Now get out there and turn your passion into profit!

About The Author

About The Author

Ricardo is a successful Real Estate Investor, Entrepreneur and Blogger, with over 25 years of customer service experience. The bold & visionary founder of Funntripps and RicardoNewbold.com, he teaches busy entrepreneurs and bloggers how to successfully build and grow their business whilst having fun and living the maximized life. He enjoys spending time with his family, multi-family real estate investing and surprise get-a-way trips with his wife.

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