The T.I.M.E. Framework
How to Make Money While You Sleep
🔹 Introduction
The dream of every entrepreneur is to make money without constantly working. The secret? Building systems that generate income passively. The T.I.M.E. Framework provides a step-by-step approach to creating a business that works for you, even while you sleep.
🔹 What Is the T.I.M.E. Framework?
The T.I.M.E. Framework helps you build passive income streams through four essential components:
✅ T – Turn Expertise into Assets
✅ I – Implement Automation
✅ M – Multiply Revenue Streams
✅ E – Eliminate Bottlenecks
Let’s break each step down.
1️⃣ T – Turn Expertise into Assets
The key to making money passively is turning what you know into something that generates income repeatedly.
How to Turn Knowledge into Assets:
- Create an online course, eBook, or membership site.
- Develop digital products that require minimal upkeep.
- License intellectual property or develop subscription-based services.
Example: A fitness coach records a training program once and sells it for years.
Action Step: Identify what knowledge or skill you can package into a product.
2️⃣ I – Implement Automation
Without automation, you’re just creating another job for yourself.
How to Automate Your Business:
- Use email sequences for automated sales.
- Set up a self-sustaining online store or sales funnel.
- Implement customer service chatbots and outsourced support.
Example: A blogger uses an automated email series to sell digital products while they sleep.
Action Step: Choose one process in your business to automate today.
3️⃣ M – Multiply Revenue Streams
Relying on one income source is risky. Diversification ensures financial stability.
How to Create Multiple Revenue Streams:
- Add affiliate marketing to your content.
- Offer upsells, cross-sells, and membership options.
- Repurpose content into different monetized formats (books, courses, workshops).
Example: A YouTuber monetizes through ad revenue, sponsorships, and online courses.
Action Step: Identify at least one additional way to monetize your current business.
4️⃣ E – Eliminate Bottlenecks
Passive income only works if your business isn’t dependent on you.
How to Remove Bottlenecks:
- Delegate or outsource tasks that require manual work.
- Build systems that allow for hands-off operation.
- Focus on high-leverage activities that provide long-term income.
Example: An entrepreneur hires a virtual assistant to handle customer inquiries, freeing up their time.
Action Step: Identify one task to outsource or systematize this week.
🔹 Quick Takeaways (Summary)
✅ T – Turn Expertise into Assets: Convert your knowledge into sellable products.
✅ I – Implement Automation: Use technology to reduce manual work.
✅ M – Multiply Revenue Streams: Add different income sources for stability.
✅ E – Eliminate Bottlenecks: Delegate or systematize tasks to remove friction.