222: How to Turn Your Expertise into an Income Ecosystem that Overflows with Cash
Creating Your Encore Career
Deciding on Income Streams, Doing Experiments, and Finding Opportunities
This chapter explores the process of choosing income streams, experimenting, and making mistakes in the encore career. It also emphasizes the importance of secondary skills, scalability, and finding recession-proof markets.
Imagine a life where you transform your expertise into an income ecosystem that overflows with cash. Envision a journey towards a successful encore career, unshackled by corporate life, and immersed in the freedom of doing what you love. In this episode, I’ll be introducing an exciting training opportunity with Mike Kim, a personal branding guru and Wall Street Journal and USA Today bestselling author.
Go here to listen → http://www.lynnfriesth.com/podcast1/222
Mike, a dear friend and mentor throughout my Encore Career Journey, has been pivotal in my transition from corporate life to running an independent business. He's NOT just another hyped-up internet personality promising impossible results; instead, he offers practical, incremental steps towards success, sharing both his triumphs and trials. Mike's approach goes beyond mere tactics, focusing on helping you discover your big "Why" - where your passion meets a market need. His expertise extends across various fields, including coaches, business consultants, healthcare providers, and missionaries.
Join us as we discuss Mike's FREE webinar, "How to Turn Your Expertise into an Income Ecosystem that Overflows with Cash," where he'll guide you on creating a self-sustaining ecosystem of income streams. Stay tuned as we delve into this unique approach to financial abundance.
We'll dive deeper into these concepts:
- Aligning your income streams with your strengths and passion
- Assessing market demand and calculating initial investment and ROI
- The danger of remaining a "one-dimensional" expert
- How to know the next income stream to create
- Why you should never overlook the secondary skills or niche aspects of your expertise
- How to scale up from service provider to create an income ecosystem
- Three “force multipliers” behind every prosperous income ecosystem, as leveraged by industry leaders
- Why passive income requires passive marketing (and what that really means)
- Why you need to look for “Bulletproof Markets” –– identifying and entering recession-proof niches
Now, for some action steps:
- Webinar link:
Tuesday DEC. 5th / 1 pm ET / 12 pm CT / 11 am PT
- To get started on Your Encore journey, sign up for my resource: 5 Key Questions to Ask Yourself if You Want a Successful Mindset
My Resources:
Most people view life transitions as uncomfortable and disruptive. But with the right mindset, each transition can be a source of immense growth and learning.
My FREE guide: "How to Navigate Life’s Transitions."
Dive deep into practical tools, inspiring stories, and reflective questions designed to empower you through every change.
My Website
Follow and Review:
We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and helps spread the word about the podcast.
If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://www.lynnfriesth.com/podcast1 to download it.
I thank you so much for being here and I’ll see ya next time on Creating Your Encore Career.
— Lynn
***
Episode Credits:
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com.
Remember Everything You Learn from Podcasts
