Hello and welcome to the Business of Psychology podcast. In this episode, I'm going to talk about the realities of passive and semi passive income for mental health professionals by dispelling some of the myths that you've probably heard.
Full show notes of this episode are available at The Business of Psychology
Links & References:
Episode 136: Dr Jo Mueller, The Guilty Parent Club
Episode 142: TikTok, Group Programmes and EMDR Intensive with Dr Claire Plumbly
Warren Larkin: warrenlarkinassociates.co.uk
Lauren Sawyers: serendipitypsychology.co.uk
Book a Coaching Discovery Call: https://psychologybusinessschool.com/1-to-1-coaching-for-mental-health-professionals/
Rosie on Instagram:
I get a lot of rubbish in my inbox about online courses and how creating one is going to allow me to live a “laptop lifestyle” working from anywhere and having oodles of money and free time. It’s annoying because I think I've made a really successful job of passive and semi passive income over the last few years, but that still isn't anywhere near the lifestyle that I lead. Partly that is because I'm a mental health professional, so the passive and semi passive income that I've created reflects that. I haven't just decided to move into an industry which is particularly lucrative for this stuff, although my things have done well, I have made money from them, and I continue to do so. But I think maybe some of the gurus that are in our inboxes are selling a story which may have felt true to them, but perhaps it isn't the most self reflective story and perhaps doesn't reflect the circumstances in which they started their business, and certainly doesn't reflect the values and ethical considerations that I know everybody listening to this shares. So in this episode, I'm going to talk about the realities of passive and semi passive income for mental health professionals by dispelling some of the myths that you've probably heard.
For example, many of the people that land in my inbox talking about passive income had a lot of money to invest in their business at the beginning, or maybe they were in a position where they didn't need to take a salary from it for a long time because perhaps they'd left a very highly paid corporate job in order to pursue their dream, or maybe they had a very wealthy partner so they didn't have that pressure to bring an income in early.
This is really important because reaching profitability from an information product like an online course or a digital download, largely depends on scale. If you're selling a £47 course, and you...