One of the key things that I did early on in my career as an independent creator was set up passive revenue streams.
If it wasn't for this passive revenue, I never would have been able to free up the time to explore, so I never would have come up with my first book, Design for Hackers, and I probably never would have found the time to make this show.
I looked at the passive revenue as a way to explore other things. I didn't make it a part of my personal brand, so to speak. In fact, one of my passive revenue streams was an online dating blog that I wrote under a pseudonym.
Our guest today, Pat Flynn (@patflynn), has a different approach. He's all about the passive revenue. He's been setting up passive revenue streams since 2008. He started with a training e-book for an architecture exam, and he's got a security guard training website, courses for marketing a food truck business, podcast playing software for podcast websites, so many more things, including his latest book, Will it Fly, a Wall Street Journal best-seller, which shares what he's learned about knowing whether a new business endeavor is worth following.
Pat has been sharing his income reports every month since he started. These days he's earning close to a quarter of a million dollars a month, with all of the businesses I mentioned, and more, including his extremely popular podcast, Smart Passive Income.
In this conversation, we'll talk about:
How did Pat start making money by sharing what he was learning? You can learn a lot about why you don't have to be a so-called expert to help people. Pat went from the well-established profession of architecture, to making money online. What leaps did he have to make to transition from a profession that was so important to his identity? How does Pat think about transparency? What gave him the idea to start sharing his income reports online?Join Love Your Work Elite Support the show, get early access to episodes, as well as bonus masterclasses and office hours with me. Sign up at lywelite.com.
Feedback? Questions? Comments? I love to hear anything and everything from you. Leave a review on Apple Podcasts, Tweet at me @kadavy, or email me david@kadavy.net.
Sponsors:
http://skillshare.com/loveyourwork
Show notes: http://kadavy.net/blog/posts/pat-flynn-podcast-interview/
308. Why I Quit Podcasting
307. A.I. Can't Bake
306. Summary: The Triumph of Doubt by David Michaels
305. Hedgehogs and Foxes
304. Too Many Ideas, Must Pick One
303. Livestream/AMA: Publishing Outside Amazon, Focusing Curiosity, and Mind Management
302. The Four Sources of Shiny Object Syndrome
301. 1,500 Words on Writing a 5-Word Tweet
[Bonus Patreon Preview]: Coffee w/ Kadavy #4
300. The Mechanics of Media
[NOTE] Submit your questions for the upcoming AMA/Livestream! (kdv.co/ama)
299. Why Make Predictions? (and How)
298. Kellogg's 6-Hour Day
297. Desire Paths
296. Beyond Vulnerability
295. Summary: The Prince by Niccolò Machiavelli
294. Sure Bets and Wildcards
293. Carrots, Sticks, and Blinders
292. Summary: The Network: The Battle for the Airwaves and the Birth of the Communications Age, by Scott Woolley
291. The Project Halfpipe
Create your
podcast in
minutes
It is Free
Positive Thinking Mind
Visualize Meditations
The Meaningful Life with Andrew G. Marshall
BPLUS بیپلاس پادکست فارسی خلاصه کتاب
جافکری | Jafekri