7 Ways to Double Your Income Without Burning Out
Summary
TLDRDenise Duffield Thomas, a money mindset mentor and author, shares seven strategies for doubling income without increasing workload. These include outsourcing tasks, focusing on one's zone of genius, raising prices, offering VIP services, monitoring time spent on income-producing activities, creating passive income streams, and giving oneself permission to earn more. She emphasizes overcoming money blocks and believes that mindset is the key to increasing income.
Takeaways
- 🚀 Doubling your income is possible without working twice as hard or burning out.
- 🔄 Outsourcing tasks can free up your time to focus on more profitable activities and essentially 'clone' your efforts.
- 🎯 Work only in your 'zone of genius' to leverage your unique skills and outsource the rest for efficiency.
- 💰 Increasing prices is a direct way to earn more without additional effort, but overcoming mental blocks is key.
- 🥂 Create VIP or premium offerings to cater to clients who value faster service or more personal attention.
- ⏳ Monitor your time honestly to ensure you're focusing on income-producing activities and selling effectively.
- 🛠️ Develop passive income streams that require a one-time creation effort and provide ongoing income.
- 💌 Give yourself permission to earn more easily, challenging self-perceived income limitations and beliefs about money.
- 🌟 Mindset and overcoming money blocks are crucial for increasing income and achieving financial goals.
- 📈 Utilize resources and workshops available to help shift your mindset and clear financial blockages.
Q & A
What is the main topic of Denise Duffiel Thomas's discussion?
-The main topic is about doubling your income over the next year without working twice as hard or burning yourself out.
What is the first strategy Denise suggests to increase income with ease?
-The first strategy is outsourcing tasks to focus on bringing in more money and free yourself from time-consuming activities.
How does Denise recommend starting with outsourcing?
-Denise recommends starting small, such as hiring a house cleaner or a virtual assistant to handle stressful tasks, and gradually outsourcing more as the budget allows.
What is the 'zone of genius' concept mentioned by Denise?
-The 'zone of genius' refers to working in the areas where you excel and can create the most value, and outsourcing the rest to leverage your energy and increase income.
Why do many entrepreneurs resist increasing their prices?
-Many entrepreneurs resist increasing their prices due to money blocks and the belief that they are not worth more, despite improvements in their skills or services.
What are VIP offerings according to Denise?
-VIP offerings are premium services or products that cater to clients who want deeper work or extra perks, allowing businesses to increase income without extra effort.
How can monitoring your time help increase income?
-By focusing on income-producing activities first and asking for the sale more often, you can increase your income without working harder.
What is the significance of creating passive income streams?
-Creating passive income streams allows you to earn money without continuous effort, as you only spend time on creation once and can earn repeatedly.
What does Denise emphasize as the biggest thing to give yourself permission for?
-Denise emphasizes giving yourself permission to earn more without working harder and to profit easily from your talents.
How can one access Denise's free resources and workshops on money mindset?
-One can access Denise's free resources and workshops by visiting her website at denise dt.com and navigating to the specific offerings.
Outlines
🚀 Doubling Income with Ease: Outsourcing and Efficiency
In this segment, Denise Duffiel Thomas, a money mindset mentor and founder of the Money Boot Camp, introduces her audience to the concept of doubling their income within a year without increasing their workload. She emphasizes the importance of outsourcing tasks to free up time and energy, allowing entrepreneurs to focus on income-generating activities. Denise shares her personal experience and suggests starting with small outsourcing steps, such as hiring a house cleaner or a virtual assistant. She also encourages entrepreneurs to work within their 'zone of genius' and outsource the rest, leveraging their unique skills to create more income with ease.
💰 Raising Prices and Creating VIP Offerings
Denise continues her discussion on strategies to increase income, highlighting the often-overlooked method of raising prices. She addresses common concerns and encourages entrepreneurs to recognize their worth and the value of their services. Additionally, Denise suggests creating VIP or premium offerings to cater to clients seeking more personalized services or faster results. She shares practical examples of how different businesses can implement such offerings and stresses the importance of focusing on high-income producing activities to boost earnings without extra effort.
⏳ Time Management and Passive Income Streams
In this part of the script, Denise talks about the significance of monitoring one's time and focusing on activities that directly generate income. She shares her personal motto of 'sell more boot camps' as a way to stay focused on profitable tasks. Denise also discusses the benefits of creating passive income streams, such as online courses or books, which require an initial investment of time but can lead to continuous earnings. She emphasizes overcoming money blocks and changing limiting beliefs about income generation.
💡 Permission to Prosper: Mindset and Workshop Invitation
Denise concludes her talk by stressing the psychological aspect of income growth, reminding entrepreneurs that they must give themselves permission to earn more without increased effort. She identifies self-perceived limitations as the main barriers to financial success and offers her support through a free money blocks workshop. Denise invites the audience to join her class to clear any financial obstacles and move towards a more prosperous future. She reiterates the power of a positive mindset and the availability of resources to help overcome money blocks.
Mindmap
Keywords
💡Doubling Income
💡Outsourcing
💡Zone of Genius
💡Price Increase
💡VIP Offerings
💡Time Management
💡Passive Income Streams
💡Mindset
💡Permission
💡Money Blocks
Highlights
Denise Duffiel Thomas, money mindset mentor and founder of Money Boot Camp, shares strategies for doubling income without working harder.
It's possible to double your income by reducing the amount of work you do, not by increasing your workload.
Outsourcing tasks is a key strategy to leverage your time and focus on income-generating activities.
Denise suggests starting small with outsourcing, like hiring a house cleaner or a virtual assistant for non-core tasks.
Working in your 'zone of genius' maximizes your unique talents and is more profitable than trying to do everything yourself.
Increasing your prices is a quick way to make more money without extra effort, despite being commonly resisted by entrepreneurs.
Creating VIP or advanced offerings can attract customers willing to pay more for personalized services or faster turnaround.
Monitoring your time and focusing on income-producing activities can significantly increase your income without extra work.
Creating passive income streams is an effective way to earn more without additional effort, but overcoming money blocks is crucial.
Denise emphasizes the importance of giving yourself permission to earn more easily and to profit from your talents.
The belief that making money has to be hard work is a common money block that can be overcome to create passive income.
Denise offers free resources and a workshop to help clear money blocks and move towards a more profitable and chill business.
The transcript provides seven quick tips for doubling income, including outsourcing, working in your zone of genius, and increasing prices.
Denise's book 'Chillpreneur' offers detailed advice and scripts on how to increase prices and improve your mindset towards money.
By focusing on selling more of your core product or service, you can increase your income without needing to implement every idea.
Denise invites listeners to her free Money Master Class to learn about overcoming limiting beliefs and reaching the next income level.
The transcript highlights the importance of mindset and permission in doubling your income and achieving financial goals.
Transcripts
hey gorgeous it's denise duffiel thomas
here
money mindset mentor author and founder
of the money boot camp
and today i want to talk to you about
doubling
your income over the next year do you
even believe
that it's possible but the first
question is
how would you do it without working
twice as hard and burning yourself out
well
it actually can be done by reducing the
amount of work
you do i know that you might not believe
that right now
but it's true now as an entrepreneur
you're probably already working a lot of
hours
maybe more than you ever did in a job
and i'm not going to tell you to work
even harder
oh my god i'm the author of a book
called chillpreneur right
cheeky plug i am all about increasing
your income
with ease so today i've got seven quick
tips for you on how to do exactly that
these are the main strategies that i've
used to double my income which i've done
many times over the last couple of years
and these techniques will work with you
no matter where you're at in business
and of course i highly recommend that
you check out my book children
for more detail and specific tips on
each one
all right let's do it
chill and prosper tip number one
outsource the best way to leverage
and double your time without working
harder is to outsource tasks so
you can focus on bringing in more money
my friend amber mchugh
calls it cloning yourself right because
it's like magic
when you can do more without doing it
all yourself
because trying to do everything yourself
will
absolutely cap your income and burn you
out
now you might have been thinking about
outsourcing for a long time but
maybe you've been scared about spending
the money
and the truth is that now is the time to
start doing that
and it does not have to be all or
nothing
you can start really really super small
with outsourcing
and i actually recommend that sometimes
you start with things at home
so for example you could book a house
cleaner so you can focus less on
cleaning
and more about bringing in money with
your business
you can hire a virtual assistant to take
care of something that stresses you out
like your emails or your newsletter
my first assistant started at just five
hours a week but it freed me up to focus
on other areas
now what about hiring a bookkeeper again
it might just be a couple of hours a
month but it will make you feel like
you're really in business
what about outsourcing graphic design or
doing some website stuff
it doesn't have to be hugely expensive
there are people who can help you at all
levels of budget you really have to
start outsourcing tasks that you hate
doing
so you can use that time you're saving
to do more profitable
fun stuff in your business all right
tip number two work only in your zone of
genius
now gay hendricks coined that phrase the
zone of genius
from his book the big leap which means
about being in flow with work that only
you can do
and so for me that is being on video
i can't outsource this right but i can
outsource pretty much everything else
in my business so when you focus on
working in your zone of genius
and outsource the rest you can leverage
your energy to create more income
and ease in your business but so many
entrepreneurs
waste time and energy by trying to do
everything
even if it's stuff that you're not
really good at but this is key as well
it could be stuff that you enjoy but it
actually doesn't make you any money
so for example stop doing your
bookkeeping if it doesn't make you more
money
and it stresses you out don't do things
like updating your website all the time
even if you like it and you can do it it
might not be the most profitable use of
your time
and don't clean your own house if that
time would be better off
creating a course that could create lots
of abundance for you and your family in
the future
nobody is paying you to clean your own
toilet so either don't do it
or outsource it so you can get your book
done
it's totally okay to outsource almost
everything in your business
let those things go to actually people
who would like to do it or who are good
at it or are faster at doing it
and focus on earning money in ways that
are unique to you
tip number three increase your prices
the single quickest way to make more
money without working harder
is to increase your prices but it's also
one of the things that entrepreneurs
resist
the most if you haven't increased your
prices for a while
then you're probably overdue to doing it
especially if you've become
better at your work or you've recently
upgraded your services
you could announce a price increase
today
and then give people plenty of time to
jump in
and work with you at your current rates
even a 10
increase would be a really great start
and this is especially true if you get
amazing results for your clients or
you're great at helping people shortcut
their success
if you've been hesitating or
procrastinating on raising your rates
then you're probably dealing with some
money blocks around it
so it's super important to work on your
mindset that you are worth more
i've got a ton of free resources by the
way
in chilpreneur and scripts as well
about how to increase your prices and
you can get it from
audible amazon kindle paperback
everything
so you can grab one of those tip number
four
create some vip offerings pretty much
every business can
add some sort of vip or advanced
offering for people who want to work
with you
deeper or who want extra perks like
faster turnaround
or more personal attention there are
probably a lot of customers will
happily pay you for a premium service
for lots of different reasons
and it's an awesome way to increase your
income without working harder
so a couple of tips around this you
could do a vip day or an intensive
with someone who wants really fast
action
or personalized attention example if you
teach
group classes consider offering a vip
option at a premium price for example i
have a private yoga instructor who comes
to my house
if you're a graphic designer you can
have a faster turnaround
package but that would be a premium
service
now i buy things with vip options all
the time
one because i'd rather get personalized
attention and two
because i'm impatient and i like to jump
the queue so consider offering something
like that into your business
tip number five monitor your time you
have to get real and honest about
where you're spending your time when you
focus on
income producing activities first and
then you ask for the sale more often
your income will go up without working
harder
i know it's very very obvious but it's
not always
implemented now since i had kids my
income has gone up because i've had to
be so brutal with my time
but anyone can do this you just have to
get real on how much
money producing activity you actually do
in a day
so my motto for myself is always sell
more boot camps
so when i find myself procrastinating or
i think oh maybe i should do this
i always go back to that motto for
myself sell more bootcamps that's the
answer
you don't have to implement every idea
that comes into your head you can let
some of them go
and go deeper into the true work that
pays you now and that's what i do every
time i have a new idea i go
sell more bootcamps it works for me
all right tip number six create more
passive income streams
this is one of the biggest ways to bring
in more money into your business without
working harder and when you do this
you only spend the creation time once
and then you can get paid for it
over and over again it really is a
simple no-brainer thing when it comes to
business
now this could be packaging up your
expertise into a course
or a book and it does not have to be big
or fancy and you've probably heard this
before it's not new
but the biggest impediment to creating
passive income
are your money blocks so many of us
procrastinate doing it because
it goes against our ingrained beliefs
that making money
has to be hard work so take action and
create some of those passive income
streams
today all right lastly
tip number seven you have to give
yourself permission
honestly that's the biggest thing you
have to give yourself permission to earn
more without working harder
you have to give yourself permission to
profit easily from your talents
and you have to give yourself permission
to double your income before it will
happen
your income limitations are purely
self-perceived
it's your stories and beliefs about
money and they can be changed
so if you need permission here it is
you're allowed to make money
easily doing something you love you're
totally allowed to double triple or even
quadruple your income this year
easily and without burnout and without
having to do anything
crazy all of these tips have been super
simple
and if you need help with your mindset
i'm your gal i've got a ton
of awesome resources for you as i said
before your money mindset is your
biggest asset when it comes to making
more income
and if you're experiencing money blocks
right now you're not alone
but i have a free money blocks workshop
which will help you clear those
blockages to making more
money so it can be easy fun chill
and profitable it's available for free
at denise dt.com
blocks all right gorgeous it's your time
to double your income
and you're ready for the next step
hey gorgeous it's denise here again i
would love to invite you into my brand
new
free money master class i'll be talking
about seven
big money blocks and exactly how you can
clear them
i want to help you break free of your
limiting beliefs so you can go to the
next
level of income it's going to be easier
than you think but it all starts with
getting out of your own way
join me today over at denise dt.com
blocks
and let's get started together
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