Why Imposter Syndrome Holds You Back From Gaining Recurring Revenue

We’re adding something new to the newsletter this week. We call it the Membership Mailbag! I get tons of questions- from inside of our Membership Freedom Community, from this newsletter, social media and directly to me. So I couldn’t think of a better way to answer them and add value to more people than doing a monthly edition of the newsletter where I answer specific questions from the membership world. 

Carl sent in this question and I know it will help more than him. This is a top roadblock that holds people back from really starting to lead. 

“I have a service-based business. I love the idea of helping others who need to learn what I’ve learned. And I get excited when I think about it. But every time I start to move forward, something stops me. I don’t know what happens, but it’s almost like I sabotage myself, I will talk myself out of it. I will tell myself that I’m not ready yet. 

So I stop. And I feel relieved when I stop. But a few months later, I have the urge to do it again. And I go through the same exact cycle. Honestly, this has gone on for close to two years. And if I’m being completely honest, when I give myself time to think about it, I doubt myself. I tell myself that I’m not the person to do this. That I don’t have enough experience to help others. 

But I know deep down that I can help, because I’ve helped others. And, I see the business possibilities of this. The idea of recurring revenue that you speak of. That sounds amazing. It would give me more time with my family. I wouldn’t have to always trade my time for money. 

Sorry this is so long. Be honest with me. Should I just give up? And if not- do you have any advice on how I can stop sabotaging myself and actually go for it?”

Kyle

I feel your pain. I know very few people who have not felt exactly how you feel right now. Well, except for a few narcissists. Just about everyone has had the same exact feelings.

On every level of my journey, I have felt the same. Who am I to do this?

There’s someone else that’s better, that’s more experienced, that’s just…better than me. I tell this story often. I started being a business coach for photographers nearly a decade ago. And I was excited to get my first paying client. 

But I almost quit. Even though he was happy to pay me. Here’s what happened. I approached him before our next session. Back then, all of my coaching was in person. And I was completely honest. I laid it out on the table. 

“I don’t know if I can be your coach,” I said to him. 

“Why?” he asked. 

“Because…I’m no Tony Robbins,” I said dejectedly.

“Vincent,” he said, becoming my coach for a minute. “I can’t afford Tony Robbins!”

And with that one simple line, he wiped away many of my insecurities and he taught me an invaluable lesson. At every rung in the journey, there is someone just a little further ahead that can help someone a little further behind. And on every ladder there are many rungs. 

You are on just one. And there are many ahead of you. And many behind you. And for you to help others, you just need to be willing and interested in helping. 

Too often, we talk ourselves out of the change that we can make for others. And every time we lead or teach, we get just a little bit better. Which makes us just a bit more qualified. That increase in qualifications- no matter how small- teaches you just a little bit more. Which allows you to go further up the ladder. Meaning, there are more people below that you can help. 

Here’s the other thing. The more you teach and help others, the more you learn personally. You develop better communication skills. You tell stories and see which ones stick. And which ones stink. And you adjust and grow. 

I guess what I’m saying is the only way to know is to do it. But you don’t have to figure it all out today. Go call someone that you can help and coach them for free. Get paid in a testimonial. Not all payments are monetary. It’s just how it works. After a while, you find yourself giving the same great answers to everyone. That’s a perfect time to level up to group coaching. 

Because of that experience-  the potential of building a community, recurring revenue and time freedom became not only possible, but very probable. 

But none of it happens overnight. It’s why I say it’s three years to freedom.

Still, if you don’t believe in yourself, nobody else will. 

My advice would be to get started and stop doubting yourself. You know you can help someone. So stop overthinking and start helping. 

And just remember that there is someone out there that isn’t as good as you are but is charging more. How do you explain that?

Have an AMAZING week!

 

Vincent

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