REMEMBER, IT DIDN’T HAPPEN OVERNIGHT

While I am very open with my income, this form of content is a little outside the norm for me. But with everything that’s going on at the moment, I know more people are looking to start a business online and possibly work for themselves.

Now, I am an entrepreneur and influencer, so my business wears several different hats. In other words, I have multiple streams of income because I have the flexibility to do so.

But, all of the opportunities and products, and everything else I am able to make money from comes from the fact that I built an audience.

So, keep the fact that I have already put in the work to build an audience in mind when you are taking in this breakdown.

Having those people there to receive the value you have to offer is really important. 

So, although I want you to be inspired, please just remember that this did not happen overnight. I have been building my business and audience for over 5 years now and that is why I am able to make what I do today. 

But, that doesn’t mean you shouldn’t get started today! The sooner that you start building an audience, the sooner that you’ll be able to monetize that audience.

1) MY 1:1 COACHING PROGRAM

I’m now at a stage where I am charging $10,000 per every 6-month coaching package. 

Now, I did not start here, honestly. When I very first started coaching, around 3 years ago, I would charge a few thousand dollars for 12 weeks. Obviously, as I’ve gone on and gotten more people, more results. That experience allows me to charge more than I did when I first started out. 

In the beginning, it’s important to realize that experience and getting clients in the door is SOOO important. You, of course, what to value your work, but be conscious of charging based on your experience level. 

Continue to vet your clients, to choose the right clients, but just make sure you’re charging an amount that’s reasonable (but still makes you squirm a little bit). It’s just going to be so much more helpful for you, in the long run, to be able to work with more people in the beginning.

So, at this stage now, I charge $10,000 per 6-month package but only take on 5 clients at a time. 

Which means I make around $8300 USD per month from my 1:1 Coaching.

2) MY GROUP COACHING PROGRAMS

My Simply Business group coaching program is one that I run twice a year, every single year. And that, at the moment, has 14 students in it. 

The program is 3000$ because even though it’s the same length as my 1:1 coaching program, they do have less access to me. It’s more of a group setting so obviously the investment is much less.

That calculates to be about $7000 USD per month.

3) MY MONTHLY MEMBERSHIP

The Game Changer Collective is my monthly membership for game-changing female entrepreneurs. 

It is a space where I host monthly masterclasses and Q&A calls, but more than that it is a community of like-minded women who have come together to support one another, and get long-distanced coached by yours truly. 

It makes about $3000 USD/ month.

4) MY ONLINE COURSES

When you are just starting out, this could be a really great way for you to make some money off of something that you already have experience in. You can package your skills and create an online course, which is probably the easiest thing you can do (next to creating an ebook). 

I created  A LOT of courses in 2019 and because of that not only did I have lots of high revenue months for the months that I actually launched, but the payment plans that I offer for the courses created reoccurring revenue streams for me. 

I am a big fan of payment plans because of this. 

These payment plans brought it about $1500 USD per month.

5) ADSENSE (FROM MY YOUTUBE CHANNEL + PODCAST)

Adsense is a really small percentage of the income I make each month. 

Now, there’s nothing wrong with that, but it is an important reminder of the importance of having your own streams of income. 

I make around 600-1000$ USD per month. 

So, if you do the math, all of that adds up to about a total of $21,800 USD per month.

Now, remember, the first step to all of this is building up that audience and building your influence online because the opportunities that arise from that are so incredibly amazing. 

If you need any extra guidance or support join our community on Facebook and Instagram – @erinmayhenry, I’ll see you there!