Finding the road to financial independence via passive income is a fantasy for numerous individuals. Generating passive income not only offers financial stability but also enhances overall quality of life.
Earning this way may appear as easy money for some people, but Khadijah Safari, a business coach knows that it needs to be carefully planned and executed. That’s because she has been there.
Khadijah is a seasoned entrepreneur who has established many successful businesses. Her successful ventures include Safari MMA, Safari Health Hub, and Khadijah Safari Coaching.
Her journey to passive income wasn’t without its challenges, yet through persistence, innovation, and a deep understanding of the business landscape, she has attained notable success. Now, through Khadijah Safari Coaching, she coaches aspiring entrepreneurs to build 7-figure businesses.
She also imparts her knowledge through social media and shares techniques that help people build successful businesses.
Here’s Khadijah’s roadmap to passive income, techniques she deeply delves into during her coaching sessions.
Setting Up a Professional Business With a Strong Online Presence
Building a professional online business involves creating a polished and engaging digital presence that attracts and retains customers or followers. This means effectively showcasing your business or brand through e-commerce platforms and various social media channels.
Khadijah exemplifies this approach through Safari MMA, which she founded in 2010. With a solid online presence, Safari MMA became the UK’s first women-only martial arts club. Khadijah actively maintains social media pages, updating followers about classes, discounts, and features to attract more individuals.
Growing to £10k Per Month
To grow a passive business to £10k per month, focus on expanding your income sources, like selling digital products or earning from investments. Use automation tools to make your operations more efficient and save time.
Khadijah’s journey mirrors this progression as within a few years her first business, Safari MMA, expanded to encompass multiple branches across the UK, including locations in London, Milton Keynes, and Birmingham. She also has an e-store where one can get high-quality sports gear.
Investing for Scaling
Once you’ve established a profitable online business, you can consider investing in areas that will help you expand and reach new heights.
For instance, Khadijah strategically expanded her first business, Safari MMA. She started Safari MMA as a women’s martial arts club but then expanded to offer courses for everyone, including men, youth, and children. Additionally, Safari MMA broadened its offerings from Muay Thai to include other sports such as yoga, kickboxing, pilates, and fitnastics.
Building a Team for Management
As you pursue passive income, having a reliable team is crucial. Delegating tasks effectively ensures smooth operations and frees up your time for other endeavors.
Khadijah’s success is also not solely attributed to her efforts, but to her ability to build and lead a skilled team. By empowering others, she fosters a culture of collaboration and growth within her organizations.
Evaluating Current Income and Future Prospects
Continuously assessing your existing passive income streams is essential for long-term success.
Khadijah emphasizes that through regular evaluation one can ensure sustainability and identify growth opportunities. This proactive approach enables an individual to adapt to market changes and seize new prospects for expanding her passive income portfolio.
Identifying a pain within a niche market with spending power, and finding a way to bring a solution to the problem that is the barrier in their life causing this pain is crucial. Problem solving is a huge part of setting up a successful business within a smaller time frame.
All in all, mastering passive income is not just about the destination; it’s about the ethical and sustainable journey toward financial prosperity. By following Khadijah’s techniques, individuals can navigate the intricate path from online entrepreneurship to automated success.
