If you’re like most people, you fantasize about quitting your job so you can turn you side hustle into full time freedom. But for whatever reason, you fail to take the necessary action. I know this because like you, I’ve been there.
When I started my blog, my BIG goal was to make five thousand dollars per month and travel. Then life happened. I got married, moved into a new place, and rescued a puppy. And instead of fully growing my internet business, I got a job.
For a short time the job was exciting. It paid well. And having the position gave me a feeling of success. But as the weeks went on, I grew further from attaining my own freedom. That’s what prompted me to share my journey with you (through this blog).
When you work for a boss, you trade your freedom (in 40 hour blocks of time) for money. And if you’re like most people, the only way you can make more money is by working more hours or finding a part time job. But what if there was another way?
How To Turn Your Side Hustle Into Full Time Freedom
The Internet offers a gazillion opportunities to turn your words and ideas into income. If you make a plan and consistently follow the plan, you can grow your income into full time freedom. It’s really amazing if you think about it.
To give you an example of how this works, let’s imagine that you own a bakery that specializes in making treats for little puppies. (I live in Los Angeles. These actually do exist!) And let’s also pretend that each morning at 4AM, you fight the urge to hit your snooze button. You get out of bed and take a cold shower. Then you get dressed, brush your teeth and hit the road.
You arrive at the store by 5AM and get to work. By 8AM people start showing up to grab freshly baked treats for their puppies. For the next eight hours, you serve customers. Then after the store closes, you spend a few more hours cleaning and prepping for tomorrow. By the time you get home, it’s 10PM and you’re spent.
In total, after cost of goods sold, taxes and other expenses, you cleared like two hundred dollars. It’s not bad money, but it comes with a cost. While being your own boss is better than having a boss… In this scenario, you’ve traded a 40 hour work week for an 80 hour work week. Choosing to run this type of business is the opposite of full time freedom.
Now let’s pretend you have a product. Maybe it’s a puppy treat cookbook called “Delicious Puppy Treats You Can Bake In 10 Minutes.” And better yet, what if your cookbook is fully downloadable? So you set up a website and start selling your eBook.
Unlike your brick and mortar store (which carries all those expenses), you can set up a website and start selling your eBook for for less than dinner and a movie for two. Your website is open all the time. There are no more early mornings. No more baking. No more inventory. And you’re no longer limited by region. You can literally drive thousands of puppy owners (from anywhere on earth) to your website all day, every day.
Passive Income Will Change Your Life
Here is an example of how passive income will change your life. Imagine you decide to treat some friends to dinner. It’s a nice evening, full of laughter and conversation. Then the check comes and it’s around $100 dollars. At that exact moment, your phone lights up with an email notification. It’s from your shopping cart service. You just made a $97 sale. Essentially your downloadable product bought you dinner! (This happens in my life all the time. It’s a fantastic feeling.)
When it comes to creating passive income, you have unlimited earning potential. And while it may take you a few months create your downloadable product – Once your product is complete, you can make money without working. After you create one passive income stream, you can create more products. And with each new product, your passive income gets closer to full time freedom.
So what are you waiting for?