7 Simple Steps To Replacing Your Income
So that you can quit or stay out of your 9–5…for good!
What if it were actually simple to replace your income, not some super-complicated 25 step process that a “guru” tells you you need to complete before ever making a penny?
That’s exactly why I wrote my best-selling book, The Income Replacement Formula: 7 Simple Steps To Doing What You Love & Making 6 Figures From Anywhere.
And below, I’m sharing an exclusive excerpt to give you my best tips on exactly how to do just that.
Step 1: Decision
As Ralph Waldo Emerson said, “Once you make a decision, the universe conspires to make it happen.”
This is exactly why Step 1 in The Income Replacement Formula is DECISION.
If you are like most of my clients, you are probably what I call “multi-passionate.” You’re a high achiever with a lot of interests, which is usually good! But for this first step, you must choose ONE of those passions.
The word “decision” literally means “to cut off”. You must choose one area of expertise for your business, so you can bring the full force of your focus and attention, which will be necessary to gain life-changing momentum.
So for the next 90 days, pick the ONE passion you’re most excited to pursue right now, knowing you can always shift and pivot later if you want to. You’ll only gain clarity about this after you get started.
If you have trouble picking one idea and sticking with it, give this a try, and you’ll finally see results when you focus on just one thing.
Step 2: Mindset
Here, you learn to think better thoughts. Whether or not you’re aware of it — and most people are completely oblivious — you’re probably living out someone else’s negative thought patterns, imprinted on you when you were a child, and reinforced throughout your life.
These include fear and self-doubt — by default — until you intentionally choose to change those thoughts.
The good news is, once you choose to think differently, you are immediately empowered to change your life and business.
Bottom line: Make strengthening your mindset a conscious, non-negotiable part of growing your business.
Step 3: Niche
It’s time to dive in on exactly who you serve and exactly why you are uniquely qualified to serve them! Also called identifying your client avatar, your niche, or your ideal client, we’re going to take a unique approach to this critical step that’s going to leave you feeling AH-MAZING, too!
How do you know when you’ve nailed your niche? You get messages like this one from your new clients!
“I also wanted to mention that you are amazing at what you do! I’ve gotten into several of your YouTube videos and it feels like you’re talking directly to me sometimes!”
If you don’t know your niche, or this is a place you struggle, do not pass “Go,” and do not collect $200 until you nail it first.
Step 4: Offer
The best way you can simultaneously help others while living life on your own terms is to create some premium-priced services that help them strategically solve a pressing problem. This is the path for you to start replacing your income!
Don’t struggle to sell a bunch of low-priced products or services that aren’t adding up quickly enough.
Shift it and charge income-replacing money to serve your clients or customers at a high level.
Step 5: Marketing
Let’s learn to take some simple, aligned actions, daily, on the side of your job or whatever else you have going on in your life right now. There’s no need to be overwhelmed, because with this strategy, you’re going to be able to let go of FOMO (Fear Of Missing Out) and focus on showing up, connecting, and selling in a way that feels GOOD…and doesn’t take every single second of your spare time!
If you, like so many entrepreneurs, struggle with FOMO, first give yourself permission to focus down in your marketing efforts, and then, choose just 1 strategy or platform that you already love to focus for, you guessed it, the next 90 days.
Step 6: Visibility
When building relationships with potential clients, you must first establish your “know, like, and trust “factor.
This comes by consistently delivering REAL value, and while that term may feel elusive, it’s totally determined by who your niche is, and what they consider valuable!
So get visible, ask lots of questions, give lots of answers, and you’ll start to learn what they value and most want from you.
Step 7: Sales
The word “sales” strikes fear into the heart of many a new entrepreneur, but it’s totally possible to sell in a non-icky, non-pushy, non-salesy way!
We’re talking about trust-based transactions.
How good does that feel?
When you truly connect with your potential clients with the right attitude, intentions, and detachment from the outcome, there’s no pressure on either side, and the conversations are natural, exciting, and income-producing!
Now I know that this can feel really confusing, overwhelming, intangible, or out of reach, but all I’m really describing here is building a relationship where the intention is to learn whether you’re a good fit for each other.
So there you have it, the 7 simple steps to replacing your income, so that you can quit or stay out of your 9–5 for good!
Tell me, what’s your biggest question or a-ha after learning these steps? Share with me below!
Call To Action
If you want to learn more about the 7 steps and the exact exercises & strategies to start replacing your income today, you can grab the first chapter of The Income Replacement Formula: 7 Simple Steps To Doing What You Love & Making 6 Figures From Anywhere for FREE here.