3 Clever Ways to Identify the Customers Who’ll Generate Your #PassiveIncome from #ThePowerofPassiveIncome

You can’t make money if you can’t find people to sell to. These three tactics will help you zero in on the target markets for your passive income products and services. February 28, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Nightingale-Conant’s book The Power of Passive Income: Make Money Work For You. Buy it now from Amazon | Barnes & Noble | Apple Books | IndieBound If you’ve got a business idea, it’s time to start identifying exactly who your customers are. We’re going to identify them using three different categories — an objective measure, a subjective measure, and a third classification that we’ll call “ECB,” or expected customer behavior. Let’s look at these three categories in order. Objective measure Basically, the objective measure refers to anything you can say about your customers through numbers. For example, are you able […]

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How to Earn Passive Income With an Amazon Affiliate Store

Entrepreneur John Shea leads a class that makes it easy to get started with the popular affiliate marketing program. February 18, 2019 3 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. You can start earning passive income online via revenue sharing thanks to a tactic called affilliate marketing. No, this isn’t one of those sketchy “get rich schemes.” Affiliate marketing works like this: You, the publisher a.k.a. affiliate, signs up with a business to market its products on your website using banners and/or links within text. If a customer clicks on that content, they’ll be taken to the business’ own site. And for every one of those clicks that turns into a purchase (an action that’s known as a conversion), […]

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10 Ways to Make Money While You Sleep

Perhaps the most popular way to earn a passive income is by launching your own blog. It only takes a couple of minutes to set up and is cheap to start — just purchase your domain name and pay for hosting. After that, start creating amazing content that people would be interested in reading or sharing. For example, if you’re an accountant that has helped small business owners with their taxes, then that could be your blog. I personally have my invoicing blog to help customers know everything there is to know about invoicing. This draws thousands of signups a month. Make sure the topics you write about are popular. If you still love your pet rock, I doubt there would be enough people visiting your our site to monetize it. But, you never know. Once you’ve gained a following, you can start making money from of your blog by: Earning commissions as an […]

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How Alex from Travel Fashion Girl Built Her Empire

Alex Jimenez: I don’t know even know how to explain it, because it really was such a whirlwind. It was cool to see the opportunities, but again, I don’t think I quite understood the possibility behind it. I thought, “Man, if I can make enough money; a couple of hundred dollars a week or something, where I could just cover the cost of my travel.” Pat Flynn: You are listening to Alex from TravelFashionGirl.com, an amazing friend of mine who I’ve gotten to know very well over the last year. She has a great story about how she almost stumbled upon her niche, which is the travel industry, through a lot of experiences, and problems, and people that she had experienced on her own travels. She built this website and it took off and it became a world wind . . . a world wind? A whirlwind of an opportunity […]

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3 Types of Affiliate Marketing Explained—and The One I Profit From

Affiliate marketing is a large part of the Smart Passive Income business. I’m here to share the three types of affiliate marketing that have worked for me the best. Pat Flynn October 8, 2018 In 2009, I originally published this post, the 3 Types of Affiliate Marketing Explained—and The One I Profit From. A lot has changed since then, and I’ve learned a ton along the way about affiliate marketing the right way. It’s now October 2018, and I wanted to share those new insights here, with a bunch of new takeaways for you to bring affiliate marketing into your own business! In this post, we’ll explore 3 main types of affiliate marketing: Unattached affiliate marketing Related affiliate marketing Involved affiliate marketing Ready to dive in? Let’s do this. In my November 2009 income report, you may have noticed that my affiliate income had surpassed my direct income from the […]

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The Riches Are in the Niches—The Advantage of SMALL

Pat Flynn: I remember when I was in high school, and just to paint a picture for you, I was the shortest kid in my grade. Even my junior year of high school I wasn’t past five feet tall and I barely passed five feet tall my senior year of high school. I had a growth spurt my sophomore year of college, but going back to high school, unfortunately a lot of my friends liked to play basketball. If you know anything about basketball, the taller you are, the bigger the advantage is. Now, I did play with them because they were my friends, but I hardly got passed the ball. When I had the ball I would take shots and because I never got a lot of practice, I would never make it, so you know, I was always last picked and that sort of thing. But I’ll tell […]

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Creating Evergreen Sales Funnels (And What to Watch out For) with Amy Porterfield

Amy Porterfield: When you go evergreen, I think a lot of old school marketers who talk about evergreen, like make money in your sleep, you can go off and play more, take time on the beach, get a tan, blah, blah, blah. I’ve experienced that evergreen still takes some focus. Every single week I’m dabbling a little bit in my evergreen funnels. Where it happens for me the most would be in my . . . Pat Flynn: That’s Amy Porterfield, our special guest today who’s coming on to talk about evergreen funnels. If you don’t know what a funnel is, a funnel is how you take somebody from when they first find you, to the next step, to the next step, to eventually a purchase decision of some kind. Hopefully a customer is what they become. An evergreen sales funnel is one that happens automatically. You’ve set things up […]

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Five Myths About Passive Income You probably Still Believe

Time is the great equalizer. In the grand scheme of things, you don’t get much more of it than I do. On average, we only live 80 years. No wonder many of us are scrambling to free up more time. We realize that if we want to accomplish our life goals, we need to spend less time making a living. Passive income seems like a great solution. While passive income is achievable, it’s not as easy as other bloggers make it out to be. Myths perpetrate through lazy blogging. Some of us have swallowed these myths with gusto. Here are five you should probably quit believing. 1. You Need a Bunch of Money to Make Passive Income Brian Clark turned Coppyblogger into a $7 million company with a mere $1,000. Now that might seem like a decent sum to a few of you out there but think of the ROI on […]

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SPI 319: How to Work Less & Make More with James Schramko

James Schramko is as passionate about surfing as he is about working less, earning more, and helping people learn how to do exactly that. If you’ve ever wanted to design a truly fulfilling lifestyle, you’re going to want to take notes, because that’s what James is all about. James has been rocking it in online business for ten years now, and quite literally surfing the world at the same time. He’s been able to design the lifestyle he always wanted, but that didn’t happen overnight, and James strives to share what he’s learned. Whenever I hear him speak I’m at peak attention—his methods and mindsets are so powerful and inspirational. James is also the author of the new book Work Less, Make More, and that title pretty much sums up what he’s all about. James has shaped the lives of thousands of people by helping them build the lifestyles that […]

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How Sam Priestley, the “Lazy Entrepreneur,” Climbed the Staircase of Success

Sam Priestley’s passive income journey started because he wanted to be his own boss. Inspired by Pat’s strategies, he’s built multiple businesses and is his own CEO. Here’s his story, along with his four steps to financial freedom. Pat Flynn May 7, 2018 Welcome to our second SPI community member feature! On our SPI Facebook Group, we have over 40,000 amazing entrepreneurs across all stages of business, and I wanted to start highlighting some of the amazing work the community members are doing with their businesses here on the blog. Brendan Hufford, our Facebook Community manager, wrote this post to highlight Sam Priestley, who is a lifestyle entrepreneur who lives in London. You can also check out Brendan and his work at Photo MBA. And if you haven’t done so already, click here to join the Facebook Group and be a part of the community! London entrepreneur Sam Priestley remembers […]

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SPI 314: From Clients to Passive Income—Productize Your Business with Brian Casel

Today we have a return appearance from an amazing past guest—Brian Casel. I’ve had a lot of people asking me to bring him back to talk about how to take your service-based business and turn that business into a product, or into something that can be scaled and automated. We’ll cover all of that, plus how to hire for and manage your productized business, why Brian is delving into the software field, and more! We really get deep in the weeds in this conversation. For example, we’ll be talking about how to get over the fear of hiring or being a manager for the first time, so that you’re not the one doing all the work anymore. The goal is to have people or software or other tools that can do it for you so that you can get a little bit of time back, work on the bigger decisions […]

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How To Make Passive Income Online (3 Business Models)

I’ve been building businesses since 2008 and have generated over $5M in earnings. In this post, I’ll distill what I’ve learned into three passive income business models you can choose from. Pat Flynn March 12, 2018 Subscribe to my YouTube Channel The internet is an amazing place, folks. I probably don’t need to tell you there’s more than one way to make money online. And today, I’m going to give you the lowdown on three strategies you can use to do just that! I’ve built several businesses since 2008 using one or more of these models. I’ve been featured in magazines and articles across the globe, and since I started my journey I’ve generated over $5M in earnings from these businesses. All of my income and expenses for those businesses dating back to October 2008 have been tracked publicly on SPI.com. But you don’t have to read all of my […]

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SPI 304: Building an Online Course From Start to Finish

Last year I built three online courses—premium courses that people paid for—as well as a fourth free course. They’ve been working like gangbusters: In 2017 I earned $1 million in revenue from online courses alone. Online courses have been an incredible experience for me, and today I’m sharing the ten steps you can take to create life-changing online courses for your audience. Why are online courses so great? Why wouldn’t you do an online course? Does it make sense to do an online course? Does it best serve your audience? Today we’re going to get into all of these questions and a whole lot more. (I hope you brought a notebook!) I hesitated about building an online course for so long because, well, I was too afraid to sell to my audience. The big realization for me? You can sell and serve at the same time. And, I realized that I […]

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1•2•3 Affiliate Marketing Course Launches Today!

It’s finally time for the doors to 1•2•3 Affiliate Marketing, my brand new course, to open! Learn who this course is for, its prerequisites, and if it’s right for you. Pat Flynn November 27, 2017 Today is a big day! For years, the SPI audience has been asking me to create an affiliate marketing course. Specifically, they’ve been asking for a course that would help them: Find a product that already exists to sell; Learn how to promote that product in an honest and genuine way without upsetting their audience; and Generate an ever-increasing affiliate commission from those product recommendations. It’s finally time! I’m happy to announce the beta launch of my brand new online course: 1•2•3 Affiliate Marketing 1•2•3 Affiliate Marketing is an easy-to-follow, step-by-step program that will take you through the exact and proven three-step process I use so that you can finally generate an affiliate commission with […]

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The 2 Quickest Ways to Generate an Income Online

Why reframing “how do I make fast money online?” can help you better understand what it truly means to generate an income online, and how to do so quickly. Pat Flynn November 6, 2017 On AskPat, I’ve collected over 3,000 voicemail questions related to starting an online business. The most common question of those I get is this: “What’s the quickest way to start making money online?” Before I get into my answer, let me tell you exactly why I don’t really like this question. There are two specific reasons for this: First, the emphasis on being quick. I’ve witnessed several new business owners who’ve put speed over quality and value, only to end up further behind than where they were when they started. Second, it implies trying to avoid the work it really takes to make money online. Building a successful business takes a lot of effort and strategy. […]

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