SPI 790: How Do I Monetize My Niche Skills?—A Pat Flynn Coaching Call with Sarah Dawn
May 31, 2024
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Sarah Dawn, a knit and crochet designer, gets coaching on monetizing her skills. Topics include workshops, niche relationships, YouTube, time management, and the importance of showcasing personality. Discussion on monetizing niche knitting and crocheting skills, challenges in editing videos, crafting industry ethical dilemmas, and design tweaking for magazines and YouTube.
Leveraging personality as a unique selling point can elevate your brand in a crowded space.
Diversifying revenue streams through workshops, online tutorials, and brand partnerships is crucial for financial growth.
Deep dives
Reducing Digital Clutter with NetSuite by Oracle
NetSuite by Oracle is highlighted as a solution to reduce digital clutter in businesses. It combines accounting, financial management, inventory, and HR into one platform, enhancing efficiency and cutting costs. The cloud-based system requires no hardware, reducing IT expenses and simplifying access from any location.
Challenges in Monetizing Knitting and Crocheting
The episode delves into the financial challenges in the knitting and crocheting industry. Despite passion and dedication, many creators struggle with inadequate pay. Sarah Dawn shares her experience of creating knit and crochet designs but facing low income due to industry norms. Selling patterns online for varying prices, she discusses the financial complexities, such as different market expectations for pattern prices.
Diversifying Revenue Streams in the Crafting Industry
Sarah Dawn explores diversifying revenue streams in the crafting industry. She mentions offering in-person classes and potential challenges during the pandemic. Additionally, the podcast encourages considering online tutorials as an avenue for income generation, discussing the nuances of filming and editing tutorials. Collaboration with companies and exploring brand partnerships is highlighted as a potential opportunity for revenue growth.
Navigating Business Partnerships and Brand Collaborations
The importance of evolving beyond magazine partnerships to brand collaborations is emphasized. Sarah Dawn reflects on her patterns being featured in magazines and discusses the potential for more strategic collaborations. The episode provides insights into building brand ambassador networks and fostering relationships with companies in the crafting sector to amplify income opportunities.
#790 Putting ourselves out there online can be scary for many of us. This is especially true when we first start creating videos. But here's the thing. Your personality might be the unique selling proposition that takes your brand to the next level. So, how do you begin to share more of who you are to stand out in your space? Find out in today's session with Sarah Dawn, a knit and crochet designer and an incredible member of our SPI Pro community! Listen in on this coaching call to hear me help Sarah uncover new ways to monetize her skills and grow her business. We explore workshops, niche relationship building, YouTube, time management, and more. Sarah's personality shines throughout this interview, so you'll understand why I always stress the importance of putting yourself out there. This has always been the key to audience building but is becoming even more essential in the Age of AI. Enjoy! Show notes and more at SmartPassiveIncome.com/session790.