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How to Turn Your Passion into Profit

Build a business you’ll love to run.
How to Turn Your Passion into Profit is rated 5.0 out of 5 by 6.
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Rated 5 out of 5 by from Simple and Sensible I like this course (Caveat: have only watched half of the course, so far). It speaks to the heart and to the mind. The presenter is easy to listen to, has good graphics that support her message, and appears as though she knows what she is talking about. Minimal fluff. I like the fact that she does not present a glowing account of following your passion as though that will generate guaranteed success. Her comments that passion can often lead to burnout and imbalance were, for me, insightful. My only disappointment with the course was that the length of sessions was hugely variable. My preference is that each session be of roughly uniform length. But this is a minor quibble given the overall high quality of the content.
Date published: 2022-10-14
Rated 5 out of 5 by from Excellent content, well delivered I have been reading and watching lots of content on this topic, this is by far the most accessible and practical. I am going to watch again and action some of the activities as I go.
Date published: 2022-09-12
Rated 5 out of 5 by from Holistic approach Very good holistic approach for starting a business, either as a solopreneur or an entrepreneur. I really loved the Module One which covers personal motivation and perspective.
Date published: 2022-08-21
Rated 5 out of 5 by from Well Put Together Full of good advice and intelligence based on real world business experience
Date published: 2022-07-12
Rated 5 out of 5 by from Just Right! Exactly what I was looking for in terms of content.
Date published: 2022-07-06
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Overview

Most Americans these days consider entrepreneurship to be a good career. More than half of all American adults will start at least one business during their working life. So, chances are you’ve either already started your own business or you’re seriously considering it. In How to Turn Your Passion into Profit, business expert Tara McMullin will lead you to the appropriate business model and development of a successful, long-term endeavor you will enjoy.

About

Tara McMullin

There are so many people today who are rethinking what they want out of work, what they want out of life. And a lot of times that has to do with the desire to pursue work that they love.

INSTITUTION

Yellow House Media

Tara McMullin is a podcast host, writer, and speaker who’s been making business make sense for small business owners for more than a decade. She’s the host of What Works, a podcast about entrepreneurship that’s been downloaded more than 4 million times. She’s the cofounder of Yellow House Media, a podcast production agency. She’s also a best-selling business instructor on CreativeLive, a TEDx speaker, and a frequent guest on top business podcasts like Being Boss and The Get Paid Podcast.

By This Expert

How to Turn Your Passion into Profit
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How to Turn Your Passion into Profit

Trailer

Name Your Priorities

01: Name Your Priorities

You might think your top priority for starting up a new business should be making as much money as possible, as quickly as possible. But in this lesson, you’ll learn how to identify other priorities that will better lead you to long-term business viability and financial success. You’ll also meet Liz and Nick, two hypothetical business owners you’ll follow throughout this course.

40 min
Interpret Your Passion

02: Interpret Your Passion

To build a sustainable, thriving business, learn how to identify your passion. What do you feel passionate about and what types of experiences bring out the passion in you? Discover that when it comes to starting a business, “passion” is much bigger than a specific hobby or even a particular type of work.

14 min
Describe Your Ideal Business

03: Describe Your Ideal Business

Explore the type of brand you want to develop by describing three key attributes of your ideal business—even before you have any idea what the business might be. Does this sound backwards to you? Consider why this is exactly the direction you should be headed in.

11 min
Identify Your Market

04: Identify Your Market

Who is your ideal customer? Discover why it’s crucial to know your customer even before you’ve identified the products or services your business will offer. What goals do your customers have, what do they value, and who influences them? Answering these important questions will help move you toward success.

14 min
What’s a Business Model?

05: What’s a Business Model?

When you choose your business model, you are deciding what you offer (product or service), how you make money from it, and how you deliver what you sell. Learn why it’s important to choose and stick with a singular business model—and why trying a bit of this and a bit of that leads to a complicated “business soup” that can quickly get out of hand.

11 min
Weigh Your Options

06: Weigh Your Options

Explore six different business models you can use as a jumping-off point for designing your own model and learn how to evaluate them with your personal goals in mind. As you explore the various models, you’ll get a sense of the relationships you could build, how much money you might make, and how each would fit into your preferred lifestyle.

53 min
Design Your Business Model

07: Design Your Business Model

Learn to design your own business model by answering three important questions and determining which model would help you fulfill your previously identified guiding principles. You’ll examine ways to tweak the model you choose to develop a business you will love managing—promoting longevity and avoiding burnout.

24 min
Investigate Your Customer

08: Investigate Your Customer

But what will you sell? Let Tara guide you through the positive feelings associated with buying something you really want—the feelings you want your customers to have. Some simple exercises will help you identify who would and would not be your ideal customers.

24 min
Name the Value You Offer

09: Name the Value You Offer

Explore the difference between functional and emotional value to help you identify the real value of your offer, whether it’s a product or a service. How do you create value for your customers? Let Tara teach you how to articulate the unique value proposition of your business.

9 min
Design Your Offer

10: Design Your Offer

Whether you’re selling a physical product or a service, packaging always makes a major difference to potential customers. Lean how to package your offer to best meet your customer’s needs and to make sure the offer nails the value proposition you’ve created.

12 min
Price Your Offer

11: Price Your Offer

Most business owners find it very stressful to set the price for their offer. But you’ll discover that price is simply a mechanism you can use to make sure your business meets your goals and that your customers know exactly what they’re buying. By considering volume, price, and capacity, you’ll be able to avoid the pitfalls of setting a “beginner’s price.”

12 min
Create Your Marketing Strategy

12: Create Your Marketing Strategy

The way you market your business has a huge influence on how much you will enjoy running your business. Learn why marketing should be simple and how to keep it that way. Although there has never been a time with more ways to market your business than today, the truth is, the simpler you keep your marketing activities, the more effective you’ll be.

22 min
Choose Your Marketing Activities

13: Choose Your Marketing Activities

Discover the specific marketing techniques that might work best for you, no matter what everyone else is doing. Explore the stages a consumer goes through in considering whether or not to buy a product or service; how can discovery, engagement, and evaluation work to your benefit?

29 min
Choose Websites and Software

14: Choose Websites and Software

Technology certainly makes it easier for you to accomplish your three business necessities—a way to connect and communicate with potential customers, a way to accept payment, and a way to deliver what you offer. Explore why you probably do need a website and software for finances and online conferencing, but not much else in the business-technology sector.

41 min
Design Your Sales Process

15: Design Your Sales Process

Chances are you’ve always thought of “sales” as the need to convince someone to buy your product. With your expert’s help, you’ll discover a completely new way of looking at sales—making it easy for people to buy—and the specific ways to best incorporate those strategies into your business.

21 min
Get Organized

16: Get Organized

No matter what your passion is, to build a business you will enjoy running—a business that won’t lead you straight to burnout—you’ll need to develop systems and procedures. Learn which ones will help your business to not only survive, but to also thrive, in the areas of financial sustainability, operational sustainability, and social and personal responsibility.

27 min
Embrace the Challenge

17: Embrace the Challenge

No matter what else you have in place, the mindset you bring to your business can make the difference between success and burnout. Learn how to identify and unpack your personal heuristics to make sure you haven’t limited yourself before you even get started.

35 min
Interview: Setting Your Goals

18: Interview: Setting Your Goals

Meet Twyla Dill, a business owner who specializes in hand-crocheted lace and metal jewelry. Twyla shares the lessons she learned by paying attention to what her customers wanted to buy and developing products she loves that meet those needs. She shares how she has grown through the years to build a business that fits into the day-to-day life she wants for herself.

34 min
Interview: Choosing a Business Model

19: Interview: Choosing a Business Model

Meet Michelle Mazur, a message strategist and owner of the business 3 Word Rebellion. Michelle shares the difficulty she encountered in the early years of her endeavor without a clear business model, packaging, or pricing structure. Discover the systems and procedures she eventually put in place to create a sustainable business she loves.

42 min
Interview: Creating Your Offer

20: Interview: Creating Your Offer

Meet Arianne Foulks, owner of Aeolidia, a branding and web design studio. Arianne’s business began when friends asked her to use her passion and hobby to build websites for them, snowballing into something she hadn’t anticipated. Learn why she says business owners are often “bad bosses” to themselves, and how to avoid that pitfall.

29 min
Interview: Selling and Marketing Your Offer

21: Interview: Selling and Marketing Your Offer

Meet Eve Cecelia, owner of Cecelia Stitch, a business providing unique textiles in a range of products. Eve started out successfully managing other people’s businesses, until she realized she was miserable. Learn why and how her business developed into a full e-commerce site with wholesale offerings, as well, and which marketing strategies have been the most fruitful for her.

26 min
Interview: Creating a Foundation for Success

22: Interview: Creating a Foundation for Success

In this lesson, Tara brings together several business owners for a lively discussion about issues each of these owners has faced. From payroll to software to mindsets, they discuss their issues and solutions with honesty and transparency. You’ll learn right away that other business owners have faced problems, too, and how they overcame them.

55 min