Ep 47: Mastering Passive Income Without Overcomplicating Your Business

In today's episode, we dive into two of the most important strategies for online entrepreneurs: creating multiple streams of income and generating passive income. I’m joined by Amanda Schonberg, owner of Baking for Business (@bakingforbusiness 60k) and a culinary arts graduate with an inspiring journey of resilience and success. Amanda shares how her personal experiences shaped her entrepreneurial path, from managing bakeries to launching her own baking business, and how she transitioned to educating others on how to monetize their unique talents.

We explore Amanda’s approach to diversifying income streams, including courses, memberships, templates, and coaching, and how she helps clients identify opportunities to serve their audience in meaningful ways. She emphasizes the importance of starting small, assessing your unique gifts, and building scalable systems that generate income while allowing for personal freedom.

Amanda also sheds light on what passive income really means, debunking misconceptions and explaining how to set up systems that work for you. Whether you're just starting out or looking to take your business to the next level, Amanda’s actionable advice and powerful story will inspire you to turn your passion into profit. Don’t miss her tips on overcoming challenges, engaging with your audience, and creating a sustainable business that aligns with your purpose.