In this podcast episode, we discuss the possibility of being a successful pastor while building a business, and the definition of ministry. Our guest, Dr. Myron Edmonds, a pastor and business owner, shares his experience of turning his ministry into streams of income. Dr. Edmonds explains the importance of serving others and meeting their needs, whether it's through ministry or business. He also emphasizes the importance of valuing one's ministry and not being afraid to monetize it. Dr. Edmonds encourages listeners to pursue their unique calling and invest in a business coach to avoid making mistakes in building a successful business.

Follow the podcast on IG: https://www.instagram.com/monetizeyourministrypodcast

Follow Kymone on IG: https://www.instagram.com/kymonehinds

Follow Dr MyRon on IG: https://www.instagram.com/itsmyronlive

Visit our website: http://monetizeyourministrypodcast.com/

Visit Dr MyRon's website: http://myronedmonds.com/

Show Notes

What is Ministry? [00:00] Dr. Myron Edmonds defines ministry as meeting the needs of people and serving them, regardless of religion or denomination.

Opening of a New Church Building [00:06:03] Dr. Edmonds recently opened a new building for his congregation, Grace Community Church, in Cleveland, Ohio.

Turning Ministry into Business [00:06:26] Dr. Edmonds explains how pastors often have an expansive job description and how he found a way to turn his ministry into streams of income by impacting people outside of his local church.

Expectations of pastors [00:08:16] Discussion on the expectations placed on pastors and the internal struggle of monetizing ministry.

Challenging limiting beliefs [00:11:19] The mindset that holds people back from monetizing ministry and the need to challenge limiting beliefs.

Ministry as a profession [00:15:27] The difference between ministry as a profession and a calling, and the need for pastors to be compensated for their skills and talents.

Compensation for Ministry [00:17:29] Dr. Myron Edmonds discusses the issue of whether ministers should be compensated for their work and how it is happening currently.

Monetizing Ministry [00:18:11] Dr. Edmonds talks about how he has monetized his ministry through leadership development resources, coaching, and content.

Value and Exchange in Ministry [00:23:14] Dr. Edmonds and Kymone Hinds discuss the importance of placing value on ministry and the necessity of an exchange in order for people to take it seriously and experience transformation.

Monetizing Ministry [00:26:35] Dr. Edmonds discusses the unfairness of not receiving discounts for services as a church and the importance of monetizing ministry to reach more people.

Importance of Unique Ministry [00:29:25] Dr. Edmonds explains the importance of unique ministry and how monetizing it can help reach a population of people that may not be reached by other entities.

Hiring a Business Coach [00:32:44] Dr. Edmonds emphasizes the importance of hiring a business coach, especially one who understands ministry, to help expand and monetize your ministry or business.

Men's Breakthrough Conference [00:35:28] Dr. Myron Edmonds and Kymone Hinds discuss the success of the Men's Breakthrough Conference and encourage men to get involved in the ministry.

Connecting with Myron Edmonds [00:36:08] Dr. Myron Edmonds shares his website and Instagram handle for people to connect with him and learn more about his ministry.

Importance of Coaching [00:37:55] Dr. Myron Edmonds talks about the impact of coaching and how Kymone Hinds has helped him increase his influence, impact, and income.