Diversify your income with these five ideas

Are you stuck in a bit of a rut with your business?

Are you bored by your own offering and wanting to grow your business but can’t see how? 

It’s time to diversify what you can offer!

If I have a pound of every yoga teacher who told me they get paid £20 to teach a studio class and have NO other means of income, then I’d be able to take early retirement and jet off on the horizon! I have heard this limiting belief a lot! 

A limiting belief is when we pigeonhole our skills and worth into one offering only when really we could be monetizing our many different facets of skills and experience in a whole host of creative ways.

For many, the pandemic forced us to reconsider what we offer. There’s been an inspirational flux of pivot-moves and diversification. 

And it’s not just yoga teachers…chances are you have room to diversify too! 

You can charge more, you can add different offerings to your business, and most importantly you can grow, individually and economically. 

What I tend to hear is…

“It’s impossible to grow a business as an [insert yoga teacher / coach / nutritionist / VA / whatever you are”. 

But it’s just not true!

You just need to diversify what you offer. 

Speficic ideas for different industries

Wellness Entrepreneurs

I can’t tell you how many wellness entrepreneurs have said to me…

“I want to make more money but I don’t know how”

Babes, the days of earning £20 a class and doing nothing else are over. 

Why not try:

Online membership with evergreen learning materials

A group program with a higher price point than classes

E-book or webinar

Workshop or online retreat

Private or corporate wellbeing classes or workshops

Coaches & Mentors

So many coaches get stuck in offering one service at one price point. This isn’t sustainable for your biz growth or wellbeing! 

Time to diversify:

An evergreen product like an e-book or webinar

Corporate workshops

Group program

Online memberships

Longer strategy sessions at a higher price point

Creatives

The pandemic has taught creatives to get even more experimental with their service diversity.

It’s time to use that beautiful brain to make more money and grow your impact:

Mentoring for other creatives

Online course or membership

Collaborations with other artists or creatives

Blog or YouTube series

Subscription service for your usual offerings (which also helps with financial projections)

So, whatever your industry use the tips above to consider how you could consider upping your range of offerings. The results will be incredible, trust me.

Want more free advice? Explore my other blogs