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Can You Really Make Money Doing Good?

Episode #35

Chase your passions and money will come.  Chase money and you may never find your passions.

- Colin Wright

More information can be found at www.socialchangeleaders.net 

Have you wondered how you can earn money by doing good things for people and the planet?  It is possible!  On today’s episode, Stephanie and Traci talk about the different ways that people can make money while also providing a benefit to the collective.

In our conversation we discuss:

  • The difference between a for-profit and a non-profit structure and the ways people earn an income in both structures
  • The definitions of a social enterprise and a social entrepreneur
  • The three more common types of social business / social enterprise models that people launch and examples of each:
    • Opportunity Employment: Organizations that employ people who have significant barriers to mainstream employment.
    • Transformative Products or Services: organizations that create social or environmental impact through innovative products and services.
    • Donate Back: businesses that contribute a portion of their profits (or even 100%) to nonprofits that address basic unmet needs.  Or it can be donating a product such as the the one-for-one model. 
  • How to use a skill you have in an organization that does good through consulting and why this is can be best way to start 

We also talk about our upcoming course, Turning Your Passion into Impact: 5 Steps to Generate Revenue and Make a Difference. This course is a 5-lesson, step-by-step, video-based curriculum that will give you clarity, direction and momentum to turn your passion into social impact and revenue.  

UPDATE: The course begins June 29, 2020.  Learn more here: https://www.socialmotion.co/turn-passion-into-impact

In this episode we reference: