{"id":1687,"date":"2020-06-17T01:07:00","date_gmt":"2020-06-17T01:07:00","guid":{"rendered":"https:\/\/profitmeetspassion.com\/?p=1687"},"modified":"2021-08-01T21:42:10","modified_gmt":"2021-08-01T21:42:10","slug":"monetize-your-wellness-business","status":"publish","type":"post","link":"https:\/\/profitmeetspassion.com\/monetize-your-wellness-business\/","title":{"rendered":"4 Phases to Monetize Your Business (+ mistakes to avoid!)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/06\/Background-2-1024x683.png\" alt=\"\" class=\"wp-image-1688\" srcset=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/06\/Background-2-1024x683.png 1024w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/06\/Background-2-600x400.png 600w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/06\/Background-2-300x200.png 300w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/06\/Background-2-768x512.png 768w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/06\/Background-2-1536x1024.png 1536w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/06\/Background-2-2048x1365.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>If you\u2019re reading this, you\u2019re considering becoming a wellness-preneur. AKA, a wellness entrepreneur (like yours truly!) You want to <strong>change lives, change the world, and be your own boss<\/strong>. Same.<\/p>\n\n\n\n<p>Likely, you\u2019re in one of two camps:<\/p>\n\n\n\n<ul><li>You\u2019ve just created your wellness brand, and don\u2019t know where to go from creating a website and Instagram account.<\/li><\/ul>\n\n\n\n<p>Or<\/p>\n\n\n\n<ul><li>You have the social media following and the ideas, but you aren\u2019t bringing in the cash!<\/li><\/ul>\n\n\n\n<p>No worries. <strong>No matter where you are in your journey as an entrepreneur, you\u2019re in the right place<\/strong>! And you\u2019re reading this post for a reason.&nbsp;<\/p>\n\n\n\n<p>In this post, I\u2019ll give you<strong> 4 phases that you\u2019ll go through as you grow your business<\/strong>.&nbsp;<\/p>\n\n\n\n<p>This is super important because if you aren\u2019t aware of these phases, you might go through them in the WRONG order\u2026.costing you time, money, and confidence! \ud83d\ude31&nbsp;<\/p>\n\n\n\n<center><iframe loading=\"lazy\" src=\"https:\/\/anchor.fm\/profitmeetspassion\/embed\/episodes\/4-Phases-to-Monetizing-Your-Business-e15asva\" height=\"102px\" width=\"400px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/center>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-center is-style-default\"><p><em><strong>This content also was shared on my podcast<\/strong>.<\/em><\/p><cite><strong>Listen to the episode above, or click the button below to subscribe to the Profit Meets Passion podcast \u2013 wherever you get your podcasts!<\/strong><\/cite><\/blockquote>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size has-normal-font-size\"><a class=\"wp-block-button__link has-white-color has-text-color has-background\" href=\"https:\/\/anchor.fm\/profitmeetspassion\" style=\"background-color:#f0b53f\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to subscribe to the podcast!<\/a><\/div>\n<\/div>\n\n\n\n<p>Here\u2019s our scenario: Wellness By Miranda, queen of matcha latte art and non-toxic manis, (which she shows off perfectly while holding her matcha latte) thinks she needs a large following before she starts earning money in her business. So she waits\u2026.but this doesn\u2019t make sense!&nbsp;<\/p>\n\n\n\n<p>She already has 1,000 followers on Instagram hanging on her every matcha latte tutorial. But she\u2019s convinced she needs 2,000 followers before it\u2019s worth it to make a product to monetize. Actually, she\u2019s missing out on converting those 1,000 followers.<\/p>\n\n\n\n<p><strong>Why is this important?<\/strong> If Miranda just monetized those 1,000 followers, she\u2019d be way less stressed about money while she grows her following because she\u2019d have passive revenue coming in.<\/p>\n\n\n\n<p><strong>Trust: no one else knows or cares how many followers you have if you\u2019re sharing value. They just want to be your customers!<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-4-phases-to-monetize-your-business\">The 4 Phases to Monetize Your Business <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phase-1-passion-preneur\">Phase 1: Passion-Preneur<\/h3>\n\n\n\n<p>If you\u2019re in this phase, congrats! You\u2019re a <strong><em>passion-preneur.<\/em><\/strong><\/p>\n\n\n\n<p>Your goal in this stage is to <strong>get results<\/strong>.&nbsp;<\/p>\n\n\n\n<p>How? <strong>Create something<\/strong> that allows you to monetize your business.&nbsp;<\/p>\n\n\n\n<p><strong>Pro tip: deliver your content LIVE! Focus on live workshops and coaching. I teach this in Product Prescription course of the Profit Meets Passion bundle.<\/strong><\/p>\n\n\n\n<p>Your goal is not to get crazy profit right now. You\u2019re looking for <strong>results<\/strong>. You\u2019re looking to help other people. You help them best by charging them&#8211;for real! If there\u2019s a monetary exchange, they\u2019ll be way more likely to actually follow through and GET RESULTS.<\/p>\n\n\n\n<p><strong>Results = testimonials<\/strong>. You\u2019ll need these to graduate to Phase 2! Speaking of&#8230;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phase-2-profit-preneur\">Phase 2: Profit-Preneur<\/h3>\n\n\n\n<p>Once you have your testimonials, you become a <strong><em>profit-preneur<\/em><\/strong>.<\/p>\n\n\n\n<p>Your goal now is to <strong>GET MONEY<\/strong>.&nbsp;<\/p>\n\n\n\n<p><strong>Pro tip: take the curriculum from Phase 1 and create a passive, rather than live, product. I teach how to do this in the Product Polish course in the Profit Meets Passion bundle.<\/strong><\/p>\n\n\n\n<p>Create a digital product like an online course or an e-book and focus on selling your product (stay tuned for more tips on how to get those sales!) <strong>The <em>best<\/em> way to make sales, however, is with a sales funnel.<\/strong><\/p>\n\n\n\n<p>How? <strong>Create a launch plan<\/strong>, including live workshops, to collect emails. Now, when they come to your website, they\u2019ll see your product. You can make sales without ever making a sales phone call! BOOM. <strong>This is now passive income&#8211;a must have for any online entrepreneur.<\/strong><\/p>\n\n\n\n<p>So you\u2019re making moolah&#8211;now what?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phase-3-impact-preneur\">Phase 3: Impact-Preneur&nbsp;<\/h3>\n\n\n\n<p>Now, you become an<strong><em> impact-preneur<\/em><\/strong>. This is simply when you have a product to sell&#8211;a passive product like you created in Phase 2.&nbsp;<\/p>\n\n\n\n<p>Note: <strong>you can\u2019t become an impact-preneur until you have a digital product<\/strong>. To graduate to Phase 3, you have to have a scalable product, and one-on-one coaching just isn\u2019t scalable.<\/p>\n\n\n\n<p>Your goal now is to <strong>get recognition<\/strong>. THIS is when it\u2019s time to hit the ground running to grow your following. Now, you have a product to sell to all those new people! \ud83d\ude4c<\/p>\n\n\n\n<p><strong>Pro tip: focus on creating growth by offering free content like recipes and blog posts with pretty, Pinnable graphics.<\/strong> Now, people will come to your website and be ensnared in your sales funnel. \ud83d\ude01<\/p>\n\n\n\n<p>How? <strong>Create colleagues<\/strong>. Write a guest post on a colleague\u2019s blog. Say YES to podcast interviews (and pitch yourself to podcasts!) Propose a social media account swap with someone in your field.<\/p>\n\n\n\n<p>Okay. You\u2019re growing your following and creating passive income on the reg&#8211;what\u2019s next?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phase-4-empire-preneur\">Phase 4: Empire-preneur<\/h3>\n\n\n\n<p>HECK YEAH. You\u2019re now an <strong><em>empire-preneur<\/em><\/strong>! \ud83c\udf89<\/p>\n\n\n\n<p>You\u2019ve grown your community. Your website SEO is amazing. You\u2019re converting at an optimal rate. <strong>What\u2019s left?<\/strong><\/p>\n\n\n\n<p><strong>Pro tip: Work smarter, not harder.<\/strong>&nbsp;<\/p>\n\n\n\n<p>How? <strong>Create space.<\/strong> Create more time and ease for yourself so you can focus on providing value. Try out different strategies to make things even BETTER, like using different email systems and sales funnel freebies. Hire a virtual assistant or purchase automation systems. <strong>This will give you more time and energy to get inspired, get creative, and get motivated to continue your amazing offerings.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-do-i-know-if-i-m-ready-to-start-my-business\">How do I know if I'm ready to start my business?<\/h2>\n\n\n\n<p>If you\u2019re reading this and you have the passion, you\u2019re ready. Stop waiting! <strong>This is your year of no more self-sabotage.<\/strong>&nbsp;<\/p>\n\n\n\n<p>I wish I had known all of this three years ago. Instead of profiting, I was just continuously re-investing and not knowing why the money wasn\u2019t coming in like it \u201cshould.\u201d&nbsp;<\/p>\n\n\n\n<p>If you follow these phases&#8211;like I should have!&#8211;you\u2019ll crush your goals. Get out there and make a difference! The world needs more wellness-preneurs \u2728<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re reading this, you\u2019re considering becoming a wellness-preneur. AKA, a wellness entrepreneur (like yours truly!) You want to change lives, change the world, and be your own boss. Same. Likely, you\u2019re in one of two camps: You\u2019ve just created your wellness brand, and don\u2019t know where to go from creating a website and Instagram [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1688,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[22,26],"tags":[],"_links":{"self":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/posts\/1687"}],"collection":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/comments?post=1687"}],"version-history":[{"count":0,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/posts\/1687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/media\/1688"}],"wp:attachment":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/media?parent=1687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/categories?post=1687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/tags?post=1687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}