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3 Free Passive Income Podcasts that Will Help You Make Money Online Fast

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Passive income…is it attainable?

One day I woke up to the fact that I needed a compass.

Not the type a Boy Scout would have, but a business model for my online venture.  For years I tried to learn how to turn my blog into a money-making venture, but I got frustrated.

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I was tired of trying a bunch of different ideas and shiny new objects that didn’t work.  I needed to find someone…anyone that had a tried and true method of making money online.

I finally found what I was looking for.

Actually, I found two entrepreneurs that had detailed courses of action I could follow.

My Almighty Disclaimer: I am not making a dime from promoting these two people or their businesses.  I am not affiliated with them in any way.  So, if you think this is one of those ClickBank affiliate things, it is not.   

In my last post, I wrote about Chris Brogan who’s making a lot of money online.  His mission is to teach you everything he knows to help you down the path of success.

Today, I’m going to tell you about one other entrepreneur that I’m following, Pat Flynn.

Before I launch into why I’m following this guy and why I’ve decided to use his business model, I want to tell you something.

This is only the second time I’ve profiled business leaders on this blog.  Sure, I’ve written about great copywriters, but I haven’t profiled too many business leaders.

So, other than Chris Brogan who I profiled in my last post, this is only the second time.  The reason why I’m telling you this is because I don’t take dishing out this kind of advice lightly.

Most online gurus are out to make a quick buck, but these two entrepreneurs are unique.

How?

They both dish out loads of outstanding content that can get you started down the right path. So, if you really want to learn about becoming an entrepreneur, these are the two to learn from.

Pat Flynn’s Smart Passive Income

There is no question Pat Flynn is living large, especially online.

Pat is well-rounded at online entrepreneurial adventures.  In the past, he’s created all sorts of websites about a wide range of subjects.  His claim to Internet fame and fortune is his SmartPassiveIncome (SPI) blog which has made him very wealthy.

In any 12 month period, Pat makes over $2 million dollars from his SPI site.

Pat Flynn’s Start

If you’re a struggling entrepreneur, this is the type of story that’ll drive you crazy.

Why?

Because of the haphazard way Pat Flynn got his start.

Pat was laid off from his job in architecture, so he built a site that would help him pass an exam in that field.

The crazy part?

He didn’t even know that his site was generating thousands of visits a day. He didn’t even think of himself as an entrepreneur either, because he didn’t realize that the direction he was moving in was the online business world.

One day, someone mentioned to him how they would gladly pay him for his expertise and knowledge and he decided to go for it.  He started absorbing everything he could on the subject of running a business online.

He read every blog post, listened to every podcast he could, and also reached out to entrepreneurs that were killing it online.

Pat then wrote an eBook on how to pass the architect test and put it up online to sell it for about $20 a shot.  “I launched the eBook deal in October of 2008 and in that first month, I made over $7000. That was my life-changing moment.” Pat said.

Pat got so excited that he decided to share how he did it.  The result was his flagship site SmartPassiveIncome (SMI).

“As sales continued to grow on the site where I sold my architecture eBook, it gave me more information on my SMI site to talk about.  I kept sharing how much I was earning and some of the right and wrong things I was doing.”

Like Chris Brogan, Pat’s success seemed to come from telling people freely how they could make money online.  “I started to build a large following and some sort of a leader in the online business community. After that, I started podcasting and creating YouTube videos on my own channel.”

Pat then created a series of new businesses that were not a part of his SMI venture.  He created sites like SecurityGuardTrainingHQ.com, CreateaclickableMap.com, and FoodTruckr.com.

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What I learned from Visiting Pat Flynn’s Sites

I took the opportunity to check out Pat Flynn’s sites.  If you were new to Internet marketing or starting a business, you could learn a lot by roaming around on them.  Here’s what I noticed:

  • Each of his sites has carefully selected niches. He’s thoroughly researched each one and knows that there’s a market for it.
  • The sites are all professionally made and are easy to navigate.
  • They all have blogs with high quality, professionally written posts. The Food Trucker site has a post made almost every 3 or four days.
  • Pat’s sites also generate revenue in several different ways. His security guard site makes some of its money from Google Adsense.

Notes on Pat’s intro PodcastSPI 101.   This is just part of the first 3 passive income podcasts you’ll get from Pat.  All three of them are highly detailed on the subject of creating a passive income online.   You can download them so you can listen to them over and over.

If you’re brand new to starting a business online, you’ll want to listen to Pat’s 3 Free Podcasts.   In them, tells you about everything you’ll need to know about starting a venture online.

The main takeaway you can get from listening to them is:

You can create online sites that make an income for you so that you won’t have to spend your time working a business.

Like Chris Brogan, Pat has a business based on how he can best serve his audience.  Once again, his success is a byproduct of helping people.

If You Skip this Step – You Can Forget About It 

When you’re going to make money online, you’ll have to understand what your market is looking for.  This is very important.   You’ll have to do your homework on the front end so that you’ll know what they want.

To do that, you’ll have to understand what it is that your market is looking for and what they want. In other words, you’ll have to do your homework on the front end.

When you understand what your audience needs you’ll have an excellent perspective on what you need to do.

Pat started making money by writing for different sites and posting them. He found he could make money from the sites that paid revenue for clicks people made on ads or links. He had hundreds of dollars coming in from doing this.

A Rather Large Bump in The Road…

 
In marketing whether it’s online or off, you can’t get too comfortable with your strategy.
 
The problem with Pat’s business model was it was too dependent on one strategy. Google stopped ranking sites that posted articles.
 
Translation: Pat’s revenue dried up. So he had to find a different avenue of making money online.
 
Note: If you want to learn how write for the Internet, listen to Pat Flynn’s first podcast. In it he reveals an excellent site to get all the experience you need.
The good news is building an online business is inexpensive; you can get started for next to nothing. The main area of cost is time. You will need to spend a considerable amount of time if you’re going to be successful.
 
You’re Not Limited…But Beware!
 
One of the great things about building an online business is you can build a passive income. And you are not limited in how you do so. There are all sorts of ways to make money online, but passive income is the best model.
[ctt template=”5″ link=”Ld00f” via=”no” ]With the online passive income model, the money continues to come in over and over again. – Pat Flynn[/ctt]
Why?
 
Some people make money by a method called arbitrage.
Arbitrage is where you buy and sell something in a way that will make you money.
 
Example: buying a stock cheap and selling it for more money later.
Buying a piece of real estate and selling it for a higher price. In the case of making money online, buying a website and selling it for a higher price later.
 
Get it?
Another good example is selling affiliate products. Once you’ve sold the product, it’s over and you’ll have to start over again in the sales process.
 
The good thing about making money this way is that you don’t have to be a well-known guru to make money. All you have to do to sell them is sign up to sell a product, and take out ads to sell them. You can use ads from places like Facebook.
 
When people go to click on the ads and buy an affiliate product from a link on your site, you’ve made money. You make money in the form of a commission.
 
Once again, you don’t have to be known to make this happen. All you need is a system in place to make people come to your site and buy.
Pat said he tried making money by promoting a product from the affiliate site ClickBank. He put $500 into Google AdWords which ran targeted ads that people clicked on.

 Unfortunately, it was a costly lesson because he lost $500 in a single day.

As he reflected back on the lesson he learned Pat said that “for some reason, it didn’t feel right. What you should learn is that you want to build a site (asset) that people will want to come back to again and again.”

So, Pat now advocates building something of value.  Whether it’s information, an application, or product that people will want to come back to again and again.

Unfortunately, it was a costly lesson because he lost $500 in a single day.

As he reflected back on the lesson he learned Pat said that “for some reason, it just didn’t feel right.  What you should learn is that you want to build a site (asset) that people will want to come back to again and again.

When you’ve delivered something amazing over and over again, people will come to trust you.
Once you’ve done this, you will have created a permanent, passive income that you can make money from all the time.

Conclusion

Pat Plynn has 3 rather long Podcasts where he details exactly how he became successful online. You can listen to all 3 of them by going to the link below.

Do this Now to get Started:

Pat Flynn’s Smart Passive Income Podcasts

 Do you have any comments, disagreements, problems or whatever that we can help you solve?  Leave the comments below.
If you want to get on my mailing list and get a free copy of my book, Blog Profiting Secrets as well as access to 20 videos that answer your most burning questions about blogging you can do so here:  ElmoCopy Free Newsletters and Videos
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