Creator Economy: How To Monetize Your Passion

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There has never been a better time to monetize your passion.

In 2021, the internet is like the Wild West; there are no rules and you can educate + entertain your audience to build a business on your terms.

The cool thing is that creators aren’t just musicians or artists anymore. It’s anyone who is impacting the world with their gifts.

The keyword though is “your” as you can build an online business like never before. But it all starts with creating and sharing content. Before offering anything, you need to first build trust with an audience and become an expert in your field.

While most people use social media to consume them and escape from their lives, you can use it to educate others. For me, I think it all starts with education.

As Albert Einstein said, “Education is what remains after one has forgotten everything he learned in school.”

The most successful I know and follow are always learning and improving. This is the first step in creating a personal brand business and sharing your knowledge with others.

While creating content is one thing, monetizing it into a real business that pays the bills and gives you freedom is something totally different.

What Is The Creator Economy?

So what is the creator economy anyways?

To me, being a creator means controlling your time. Being a creator allows you to impact the world with your gifts and create the life that you want.

No more having to settle for a job you hate and wishing that had a job or business around your passion. But this is a foreign concept still for a lot of people and goes against societal norms of a normal 9-5.

A creator’s job is to invoke emotion with amazing content. A creator is anyone who is sharing and documenting their knowledge with others.

Some people will love your content and eagerly await for more. While others might not agree with your message or even hate it.

Either way, you’re creating emotion. The best part is that you don’t have to be the best to start sharing content online and impacting others with your message.

I like to think of the creator economy as a Venn diagram.

Mindset to Become a Successful Creator

Before giving you tactics on becoming a wealthy creator, let’s talk about the mindset you need to succeed.

If you’ve ever joined any of my chats on Clubhouse or podcast episodes, you know I love talking mindset. I’m a big believer that if you want to succeed in business, you must start with the right mindset, especially as a creator.

Because if you don’t work on improving your mindset and attitude, good luck finding success as a creator in the long term.

The first mindset switch is to quit caring about the opinion of others.

Now, this is easier said than done because we are programmed to want others to like us but it’s 100% possible. Because if you sit there and worry before hitting publish before every piece of content, you’ll never make it.

Creating content is a numbers game - quantity leads to quality! But if you’re too scared to hit publish in fear of what others will think, you’ll never reach your true potential.

Remember as a creator, it's your job to invoke a specific emotion from people. Creating your dream life in the creator economy isn’t a popularity contest, it’s about finding your first 1,000 raving fans.

The author was an Australian hospice nurse named Bronnie Ware who worked with people in their final days. After studying hundreds of patients from different backgrounds, she came to learn they all had five common regrets.

When you let that sink in, you hopefully start to understand the mindset you need to lead a fulfilling life.

Quit trying to please everyone and instead, have the courage to go all in on your message.

You must have the courage to evoke emotion and share your message with others, regardless of if it’s always a popular opinion.

How To Succeed As A Creator

Now that you have the right mindset and understand the power of the creator economy, I want to share some tactics to help you succeed.

Here’s how to separate yourself from average creators and create a truly epic business on your terms.

1. Be Yourself

First things first, to become a successful creator you have to be yourself 100% of the time. No one wants to see the fake version of you that you put on for social media.

Because no one wants to see someone who is perfect because they aren’t either, which makes it impossible to relate to you! Instead, you want to provide value but always be yourself.

One of the easiest ways to do that is to document yourself throughout the day instead of trying to create unique content daily. This makes it easy to create new content and also shows you behind the scenes for your audience.

By sharing behind the scenes of your life and being vulnerable makes it easier to connect with others and start to build your following. Remember, you’re 100% unique, so be you and share it with others to connect with them on a deep level!

2. Always Repurpose Your Content

The second thing you need to do as a creator is to show up consistently.

As you know, creating content takes both time and energy. But that doesn’t mean spending all your time on social media either.

Consistency is what separates you from everyone else who tries to create then goes dark on their audience. Instead, you want to show that you care by always being there to give them the extra boost they might need.

To get the most out of that content, make sure that you repurpose your content. This way you can create a piece of core content and then distribute it across all your social media platforms.

Not only will this save you time but it will also help you become omnipresent with your audience. This should help you gain their trust and start to stand out as an expert in your niche.

3. Create A Signature Offer

As you start to get more and more followers and likely coaching students from your content, it’s critical that you find ways to scale without working more hours.

For example, 1:1 coaching is great in the beginning, but it’s not scalable as you are trading your time for money. Eventually, you’ll need to create something that is scalable and becomes your own signature program.

Your signature program is the full, transformational journey that people will go on when they work with you. Creating a signature program helps you:

4. Drive Traffic To Your Content

As I mentioned in our second point, you have to stay consistent in order to see results. But I think the biggest reason people don’t stay consistent is because they aren’t seeing much (or any) interaction to their content… at least in the beginning.

As a creator, there isn’t a much worse feeling than spending tons of time on a YouTube video and no one watches. Or, going live on Instagram or Facebook and only a few people show up.

Using paid traffic to build momentum, even if you’re just starting out. I like to think of paid traffic as the fastest way to test out your offers and messaging. Sometimes you have to create content, then push it out with paid ads.