This episode of The Leveraged Practice Podcast explores a crucial question for private practice owners: Does your practice need a passive income product or a passive income product suite?

With the rapidly changing landscape of healthcare, education, and how people consume information, creating passive income streams has become more relevant than ever. Stephanie Claremont, CEO and founder of The Leveraged Practice, breaks down why the answer is a resounding yes and shares actionable insights on building these products to enhance your practice.

In This Episode, You'll Learn:

• What is a Passive Income Product? Understand what a passive income product is and how it can benefit your private practice. From digital downloads like workbooks and guides to self-study courses, there are many ways to create products that generate income without ongoing time investment.

• Why Your Practice Needs Passive Income Products:

• Align with Modern Learning Trends: People are increasingly learning online through affordable and convenient products.

• Stand Out as an Expert: Don't let less qualified individuals dominate your field—your expertise is needed!

• Create Flexibility and Reduce Burnout: By supplementing your income with passive products, you can reduce your one-on-one workload and avoid burnout.

• Who Are Passive Income Products For?

• People with budget constraints who can't afford one-on-one services.

• Those who are short on time and prefer the convenience of self-paced learning.

• Clients for whom your service isn't a massive priority but still need guidance.

• Individuals seeking accessible and lower-risk ways to engage with your expertise.

• Real-World Example: I share my journey from creating my first online program in 2013, generating $7,000, to publishing a book called The IBS Master Plan. This experience showed me the power of passive products in helping more people while reducing my workload.

• The First Step Strategy: How passive products serve as a "first step" for potential clients, lowering the barrier to entry and building trust, ultimately leading to more significant opportunities, such as group programs or one-on-one services.

Key Takeaways:

• Passive income products are not just an opportunity but a necessity for health professionals in 2025 and beyond.

• They help you build a more sustainable practice, reach a broader audience, and create a better work-life balance.

• These products also offer a solution for clients who need flexibility, affordability, and convenience.

Join the Healthcare Impact Academy:

If you're ready to create your own online programs, courses and passive income products, I invite you to check out the Healthcare Impact Academy Membership. Our academy offers step-by-step guidance, an incredible community, and free access to software that simplifies the entire process.

👉 Visit: healthcareimpactacademy.com

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Thank you for tuning in, and I'll see you in the next episode!