You don’t have to be an employee to make money

by | Feb 12, 2018 | Entrepreneurship, Mindset, Video, Weekday Wisdom

Weekday Wisdom, Episode 29

Vanquishing Mind Goblins #5:
I can’t make money unless I work for someone else

Are you trapped in an employee mindset? Do you believe that you just don’t have what it takes to make money — any kind of money — unless it is working for someone else? That’s the Mind Goblin we’re going to vanquish in this episode of the Weekday Wisdom.

Employee Mindset

One of the Mind Goblins that keeps people from making money — even on the side — with things that they love to do, is that they believe they can only make money if they are working for someone else in a job. They don’t have an entrepreneur mindset. They have an employee mindset.

That’s simply not true. You could always make at least side money on your own from the information that’s in your head or the skills that are in your hands. Money can always be made doing things that are completely on your own.

Remember that story I told a few videos back where I was drawing this eye on people’s palms for only 25 cents apiece? There was a line of people wanting to pay me to do that simple thing. I wasn’t working for anyone else. And, I made decent candy money.

Here’s another example from my childhood: My father, who is an educator, brought home some ditto paper (remember those? They smelled so good!) for me to play with. So, I created a newsletter. He ran a bunch of copies of it, and I went around my neighborhood, door-to-door, selling it for 25 cents. Some people thought I was so cute that they gave me a dollar or a dollar fifty. Again, I was doing this on my own.

And both these stories are from when I was a kid doing silly stuff. You don’t have to be working for someone else in order to make money.

Yes, I understand that being employee is kind of convenient. You don’t have to think much for yourself about the behind-the-scenes business stuff unless you’re the boss. Your health care is taken care of. All these things you have to think of when you have a full-time business, are, pretty much, taken care of by someone else. So, I can totally get the employee mindset.

That said, there’s nothing that says you can’t make money, at least on the side as a side hustle, just doing something you love. So how do you combat this fear that for some reason you are flawed and can’t make money unless you’re an employee?

Take baby steps.

How about doing a lemonade stand on a muggy, hot, summer day? You’re not working for someone else. You’re making lemonade and you’re selling it. In fact, I know a woman who started her business that way. It started off as a lemonade stand. And now she’s got bottles of her lemonade in stores across, at least California, if not the country.

If you have a hobby that ends up in creations. Like you knit scarves or you make jewelry, those are things you can sell. You can go to a flea market or farmer’s market and you can sell your wares.

But not everyone is cut out to do that. And so a lot of people who don’t make physical things they can sell, think, “Well, I can never make money on my own.” But that’s not true

You are a human being who has had experiences and gained skills and gained expertise. If you’ve got a hobby, you’ve got specialized skills. There’s information right between your ears that you can sell.

  • You can sell it as a coach.
  • You can sell it as an e-book or a regular book.
  • You can sell it as an online course.

There’s a woman who is making money — I don’t know if she’s a full-time business or not — but she’s definitely making money doing online courses without hula hooping. People pay to take a class on how to do a specific hula hoop move.

I don’t get it. But people do it. Understand this: Just because you might not buy something doesn’t mean other people won’t.

What really underpins this particular Mind Goblin is the belief that “what I know, everybody knows.” And that’s simply not true.

Here’s a story: When I was a little girl I would write and my teachers would go on and on about what a good writer I was. Now as an adult, I look back at this stuff and I’m like, “Seriously? What were the other kids doing if this was really good?” And then in my 30s I got a job where I was managing 20-somethings writing. And that’s when I realized, “Oh. You can tell the difference between someone who’s good at writing and someone who’s not so much.” It’s clear, especially in how they frame their sentences.

So there was information in my head that I just knew, it’s an integral part of who I am, and I took these writing skills for granted.

Therefore, I know you — yes you — have a skill that other people don’t know, but they would like to know. You can take that information that’s in between your ears and make an information product, such as a book or an online course or seminar a webinar or something that shares that information so that other people can learn to do what you do.

You don’t need to do that for someone else. You could do that on your own. Or you can hire someone to help you.

Monetize Your Hobby
If you want to learn a little bit about how to create an information product, which is pretty much the easiest way to make money on the side. Why? Because once it’s done, it’s done. I’ve got several titles available on Kindle, and they make money every month. And I don’t even market them! This is the beauty of information products: You make it once, you put the effort in once. And then it can make passive income for as long as it is available, whether you market it or not. Marketing obviously makes you more, but it’s a really good passive income generator. So if you want to learn all about that, go to CarmaSpence.com/monetizeyourhobby. Enter your name and email address, and I will send you a 20-minute video where I talk about the three ways that hobby entrepreneurs can make money. I talk about the five-step process for creating your own information product based on the information that already resides in your head. I also give you some ideas of different types of information products, a little bit more than I just shared now. It’s a really good information-packed video and there are no strings attached. If you want to unsubscribe from my list afterwards you always can. However, if you were watching this video and thinking that this is something you might want to do, I really, really encourage you to go check that video out, because it will open your eyes.

Remember:
Don’t box yourself in. Don’t do that.
Spread your wings and fly.
Because you — yes you — are capable of more than you know.

Please post a comment below
If you liked this video, please comment below. Like it on YouTube. Let me know what you thought about today’s episode. And, if you have ideas or questions for future videos, please comment below. I really want you to value the Weekday Wisdom and look forward to watching it.

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