It doesn’t matter if you’re running a business or starting a family; everyone has hard times. There are periods of your life where everything seems to be going wrong, and nothing you can do seems to fix it. While many people may give in to this pressure, those who want to succeed will rise above it.Continue reading
Passive income is the way of the future. For working moms especially, this method of earning money opens up possibilities that may have once seemed impossible. Using a variety of approaches, anyone can begin generating a steady income stream with little to no time investment.
No matter what route you take, you’ll ultimately need to plan for your future. Whether you’re looking to start with dropshipping, writing, or freelancing, you’ll need to be able to have a concrete outline for your work. What service will you offer? How will you meet demands? How will you expand and improve your business? All of these questions are essential pieces of the passive income puzzle, and that’s why it’s important to work with others when you’re starting out.
The Importance of Your Community
When you start a business, one of the best things you can do is engage with your potential clients. Get in touch with your community of potential consumers and learn from them.
If you need help visualizing how this works, look no further than Andrea Olson. The founder of the GoDiaperFree movement, Olson has established herself as a successful businessperson. More importantly, however, she’s cemented her status as a fantastic mom. With only three hours of work per week on average, her passive income stream has enabled her to work smarter, not harder.
Understand Demand & Engagement
When developing her method of elimination communication for early potty training, Olson emphasizes that she built upon a solid foundation. Using just 74 contacts on her email list, she constantly checked and conferred with others to determine what her product should look like. She asked important questions:
- What problems must be solved? How would you like to solve these issues?
- Who will use this product?
- How much are you willing to pay for this product?
With all of this data, she developed her platform: a guided method of potty training infants and ensuring they’re able to use the toilet themselves by the time they can walk! This business ultimately led her to spawn another, Tiny Undies, earning her further success and building upon her existing income stream.
Understanding these demands gave Olson the ability to offer the perfect product, while engaging with her target audience allowed for her to constantly build hype and satisfaction. Together, these factors—perfectly met demands and enthusiastic customers—create the perfect conditions for true and enduring success.
Your consumers aren’t the only members of your community, though. You’ll also want to keep tabs on your friends and family. Very few people start out successful. When you’re just getting your footing, you’ll want to utilize all the help you can get. Andrea Olson has admitted that a great deal of her success relied upon the generosity of friends, who gave her a place to stay as she developed her service.
Even if you have a place to stay, your trusted friends and family can help in more ways than you’d think. Meal prep, storage, and childcare are all areas of life that can take you away from focusing on your business.
In fact, according to Olson, focusing wholly on the task at hand is one of the most important things you can do in your life. Whether that task is playing with your kids, watching a movie, or establishing your business, you need to be fully invested. Olson calls this “tilting”, the practice of releasing one task and embracing another in your mind. While this may seem harsh, it’s highly efficient. As such, the act of accepting help from others provides you with the time you’ll need to truly start and nurture your business.
Be Prepared for Work
No matter what passive income stream you’re looking to engage with, you absolutely must know one thing: you will need to work hard. Though the ultimate goal is a mostly self-sufficient business, your early stages will be full of long nights, stress, and hard work. However, when done properly, it will ultimately pay off.
Andrea Olson is living proof! From her long hours and hard work, she constructed a thriving business. Her seven figure income needs only three weekly hours of work on average. The rest of her time is spent enjoying what people were meant to be doing: having fun with family, maintaining the home, and enjoying life!
If you’re ready to take the next step and dive into a future like Andrea Olson’s, then it’s time to join the Rainmaker Challenge! This seven day program has helped thousands of working moms open their own business and find success without having to sacrifice their family time. Slots are limited, so click here to learn more and reserve your spot!
Perhaps it’s been a shared pipe dream for years. Perhaps the idea has come up more recently. Either way, you and your spouse have decided to start a business. Both of you realize what a big step you’re taking, but you’re still excited to take the plunge. Nevertheless, the question remains: where do you even start with such an undertaking? And while it’s certainly not going to be easy, it’s more than achievable, so we’ve assembled a list of tips to help you build a living doing what you love.Continue reading
Running a business is hard. Between keeping track of expenses and managing your time wisely, it may seem that there’s not enough time in the day to handle everything. One of the main reasons for this is a poor work-life balance.
As a family, we believe that the ultimate goal in life is to have more time to spend with your kids. That’s why we host our classes and record our podcasts. Our goal is to make sure you can do what we have done: make the most of your time without sacrificing your financial stability.
Know Your Value
The most important part of establishing financial independence while retaining time with your family is to know your value. Your time is worth far more than you realize. Whether you’re running a business, dropshipping, or taking on bookkeeping tasks, you need to charge what you’re worth.
There are a few ways you can approach this task, but the first step you should take is to establish a base pay. Regardless of your compensation plan, you should always have a certain amount in mind that you must make for a task to be viable or worth your time. For dropshippers, this will translate into how much volume you can move and what the margins will be. Hourly working moms, meanwhile, will translate this into an hourly rate.
Never work for less than you are worth. Your time is valuable, and that value sometimes means that you’ll pass over a job. Not every task you are presented with is necessarily worth your time; sometimes, it’s better to ignore an option in favor of having some quality family time!
Love What You Do
When it comes to work, it doesn’t have to be a pain. If you find something you’re passionate about, you’ll reap a great number of rewards in your daily life. Whether that means you’re doing a bit of bookkeeping on the side or cleaning, there’s something for everyone to love about life.
Complaining introduces negative energy into your life that you’re better off living without. Instead of complaining, apply yourself to learning more about what makes you happy. There’s certain to be a job out there that uses that skill.
This also ties into knowing that you are capable of great things! The biggest way to limit your earning potential is to doubt your skills. Regardless of where you are in life, you have value. Your experience and your knowledge are worth the rate you charge or the commission you take.
As you grow into your business, you should also know that your experience will entitle you to large cuts. The more efficient you are, the more work you can get done. Regardless of how much this makes you now, it’s always worth checking in and seeing if you should add more charges in the future or up your margins.
Balance Your Time
Regardless of how much you love your job, you will still need to carve out time for your family. The best way to do this is to create designated times or days of absolutely no work. Turn off your phone, mute your notifications, and walk away from the computer. Spend this tie with your family and do fun things!
The constant distraction of beeps and notifications is detrimental to your mental health, and it interferes with your family’s time together. If you really want to make sure that you don’t get distracted, it may be wise to disable all social media notifications on your phone. Instead, if you must see them, send them to your laptop or desktop. This way, you retain your phone for on-the-go communication without the interference of social media.
Foster a Can-Do Attitude
Above all, the most important thing you’ll need to be a successful working mom is a positive attitude. You will run into hard times and obstacles, but you must never forget your value and your goals. No matter what comes your way, be sure to pick yourself up and dust yourself off.
For moms, some of the most common mental blocks they’ll face are:
- Feeling inadequate
- Feeling as if they’re overcharging for their services
- Believing that they are not good enough
- Worrying that they are not spending enough time with kids
All of these problems can be fixed with a bit of mental adaptation. When something goes awry, instead of wondering what you did wrong, ask what you can learn from the experience. When someone critiques your pricing model, remind yourself that your work deserves compensation.
Moreover, remember that you’re not alone! There are people to support you, from your family and friends to our resources. The Rainmaker Challenge is specially designed to help you boost your at-home earning potential without eating into your personal time. If you’re ready to take the plunge, then stop by and sign up to take the challenge today!