How to Earn Passive Income Online (3 Legit Models From $5 Million Entrepreneur)
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6 жыл бұрынToday I'm going to show you how to make passive income online. I'll be showing you 3 different business models that you can choose from to start with so that you can build a business that works for you.
If you'd like to see specific examples from several different businesses that I own, here are 9 ways that I earn passive income online: • 9 Ways I Earn Passive ...
With that said, please read on for some really important information about this desire we all have to earn passive income, because there's a lot of information about it online, and not all of it is true.
There are several different definitions of passive income. I'm aware of the traditional definition, such as earnings derived from a rental property, but there's a better way that I have years of experience with and have also taught tens of thousands of others to do.
It involves building online businesses that take advantage of systems of automation that allow transactions, cash flow, and growth to happen without requiring a real-time presence.
In other words, we don't trade time for money. Instead, we invest our time upfront to create assets in the form of an online business that can continually pay us back later.
There are several different ways to achieve this, and the 3 models I share in this video will give you an idea of how you might approach an online business that works for you.
COMMON QUESTION #1: Does generating passive income mean you don't have to put in any work to earn money?
No. Not at all. Creating various passive income streams takes time and a lot of hard work. It's about building a real business that solves a problem, and creating systems, or hiring people such that it can be run on auto-pilot.
COMMON QUESTION #2: Can you create a passive income stream that requires zero upkeep or attention that will pay you back forever.
No. All passive income streams, even traditional ones, require some form of upkeep and maintenance. Real estate portfolios and market investments cannot (correction - shouldn't) be walked away from forever, and neither should any type of online business.
With that said, however, online businesses can be fashioned in a way so that you can walk away from it for a while and it can still continue to run. An online business is a storefront that is open 24 hours a day, 7 days a week (even on holidays), and much more than real estate or market investments, building an online business gives you a lower barrier to entry, as well as a lot more potential upside.
Just think - how much would an extra $1000 per month help you? Imagine how much it would cost to invest to obtain an additional $1k per month in tradition forms of passive income, while building a business online is much more achievable.
Let's do some math to give you some perspective:
Imagine you sell a $25 product. You only have to sell 40 of them, per month, to earn an additional $1000/month.
Imagine you sell a membership into your program for $25 a month. You only need 40 members to generate an additional $1000/month. But then the next month, you obtain an additional 40 members who also pay you $25/month. Now you're making $2k per month.
The most important thing, however, is that whatever product or business you create, that it helps solve a problem. All good businesses solve a problem in some way, shape, or form, so make sure you watch the video to learn exactly how you can approach building a business online of your own.
Links mentioned in this video:
SPI Podcast Interview with Brian Casel: www.smartpassiveincome.com/ses...
Tools I used to start selling my first product / ebook:
www.gumroad.com
Also watch 3 Passive Income Myths, BUSTED: • The TRUTH About Passiv...
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Subscribe to this KZfaq channel:
kzfaq.info_c...
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Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:
www.smartpassiveincome.com/pas...
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New and updated: "Podcast Marketing in 2020 (Top 5 Podcasting Tips that Get More Downloads and Subscribers)"
• Podcast Marketing (Top...
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Are you a KZfaqr? Then check out Tubebuddy, my favorite KZfaq add-on that helps me do keyword research, rank higher in search results, get more views, and gain more subscribers. Sign-up for a 30 Day Free Trial of TubeBuddy here: www.tubebuddy.com/freetrial?a...
@patflynn 6 жыл бұрын
This video is about the business models. If you'd like to see specific examples of different businesses I've created that use these models, here are 9 ways that I earn a passive income online, including income and what's working best: kzfaq.info/get/bejne/ms6XhMZolcC6Z40.html
@alexblomhage4470 6 жыл бұрын
Pat Flynn j
@alex-ip1er 6 жыл бұрын
This was great, I been tryin to find out about "ways to start an online business" for a while now, and I think this has helped. Have you heard people talk about - Konameron Denamilla Rule - (do a search on google ) ? Ive heard some incredible things about it and my partner got excellent results with it.
@alexvidu4517 6 жыл бұрын
hi guys, the best info that I have ever had was by using the Kevins App Oracle (just google it) - without a doubt the most incredible resource that I have ever seen.
@shubhamsirauthiya3039 6 жыл бұрын
Pat Flynn actually the e.p.model makes some sense because i am good at solving others problems,specially in education, social areas and mental areas.
@qarulxira8697 5 жыл бұрын
Pat Flynn u r so cool. M struglling with financial...thank u.
@hamlucas2467 Жыл бұрын
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy Mary Liam
@rosiejones2079 Жыл бұрын
Wow I'm just shocked someone mentioned expert Mrs Lucy Mary Liam I thought I'm the only one trading with her
@macdenise3203 Жыл бұрын
@@rosiejones2079 You don't need to be shocked I'm also a huge beneficiary of her trading, she has been handling my account for months now
@garbaumar Жыл бұрын
I remember starting this journey with half BTC but in 14 months I have made 17.8 BTC form days and swing trading with expert Mrs Lucy Mary Liam.
@AbbyWambach2344 Жыл бұрын
Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did
@jordanmorris9663 Жыл бұрын
I met her in a conference in Washington DC and after her speech I was opportune to meet her and I started investing, I'm happy today because of expert Mrs Lucy Mary Liam
@sushantaryal4774 5 жыл бұрын
The best way to make passive income is to teach others about making passive income
@raulgolfs 5 жыл бұрын
Sushant Aryal haha . 😂
@mauriciogonzalez6302 5 жыл бұрын
I’m so glad people are catching on to this popular scheme. I still watch these in case someone gives some actual passive income advise.
@hopemokaya 5 жыл бұрын
I'm surprised no one caught on the sarcasm or talked about its possible harm. While it is humor, it will scare some people from Pat, those that have not yet heard that he has been and still is doing other passive income businesses of his own, many successful ones and some that failed. Those businesses are the reason for his relevance and authority to teach on the subject; lessons that will of course, justifiably, earn him more passive income.
@marciobranco6192 5 жыл бұрын
I would say, the best way is to SELL a nice but empty dream ! Plp are emotional and will allways love to hear what they want, they will buy it, and life will take care on showing them the hard truth.
@askchrishetrades 5 жыл бұрын
lol
@TruFinancials 6 жыл бұрын
Love the rant and being upfront with people about the hard work that goes into creating passive income. The EP model is what I'm going towards. Using KZfaq as the starting platform and go from there. Great video Pat!
@patflynn 6 жыл бұрын
If someone wants the fast, magical way, then they are in the wrong place. The reality is that this stuff is hard. I want people to succeed, and I want to be the one to help them. Thanks for being here!
@ds-nb4ln 6 жыл бұрын
Winner of a video, I have been researching "passive income online store" for a while now, and I think this has helped. You ever tried - Qonmily Passive Formality - (Have a quick look on google cant remember the place now ) ? Ive heard some incredible things about it and my m8 got excellent success with it.
@pasiajohn9091 5 жыл бұрын
Great info. You guys can also go to *LIVENETJOBS. COM* if you're trying to make money online. This is what I've been doing and I'm happy with my results.
@angeliqueroux3017 5 жыл бұрын
FP = service-based freelance (to get started) to problem-solving product AA = audience & advertising (affiliates, Adsense, sponsorships) EP = expert (you can be an expert to someone else who knows just a little less than you do) to product (ebook, online course) I’d love to hear Pat talk about print on demand & dropshipping businesses.
@stevenclark1123 5 жыл бұрын
I would say there is another type of passive income from passive investments that go for high returns like BetterWayToTrade.com
@simi6153 4 жыл бұрын
Thanks for listing!
@gemani1992 4 жыл бұрын
Well aren't you just wonderful.
@writersdetectiveschool 6 жыл бұрын
Fist of all, that RANT METER is hilarious. That should be a FBLive/Insta/Snap filter. I am building my brand in the EP model. Great content as always. Thanks, Pat!!
@kauc5020 5 жыл бұрын
If you're trying to make some cash here's how you can make an easy 300 dollars everyday (or even more): *LIVENETJOBS. COM* Hope this helps. “Start where you are, use what you have, do what you can.”
@nilssmith-yt 6 жыл бұрын
I’ve been a long time listener to the podcast. So glad to have found your KZfaq channel as well. This is gold!
@isaiahcampbell3992 6 жыл бұрын
I like the idea of putting in hard work now to reap the benefits later. I never really liked the thought of feeling like you are forced to work 40+ hours a week for the rest of your life until you are an elderly person. I'm not averse to hard work at all but I just feel like you also need to enjoy your life and not let work fully define your entire life.
@emperorstevee 6 жыл бұрын
Not wanting to work 40+ hours a week for a tiny wage isn't not wanting to work. I love to be productive, and as a result I'd want to ensure that those 40 hours are spent as effectively as possible, which means producing my own income rather than being limited to these handouts.
@ismailel-zein907 6 жыл бұрын
40 hours a week? only 40 out of 168 hours that you have, you work only 40 hours? That's not the right path to success.
@NotShowingOff 5 жыл бұрын
Sometimes the investment in time in the beginning may be slow and take years. The 40 hr/week jobs are what sustain you so you can build a sustainable business. This requires a high amount of discipline. Your objective is market share. You don’t care about dollars and cents yet.
@ismailel-zein907 5 жыл бұрын
@@NotShowingOff what does it require lol. Requires nothing. What is hard is to work 130 hours a week, including in this time daily workout and self development and trying to learn and improve at your craft. Forgetting rest on the weekend. This is hard. Working 40 hours a week even a dog can do it.
@user-lk1ky1hx5r 5 жыл бұрын
@isaiah Campbell hey how did it go looking back at it 8 months after?
@CoreysCave 6 жыл бұрын
Another great video. I like how you sell value over getting rich fast! That’s why I was drawn to your podcast, because you are not a sleazy salesman.
@patflynn 6 жыл бұрын
Thanks so much Corey, I appreciate you!
@Ta-Tchou 6 жыл бұрын
This was great, thanks, been searching for "creating residual income" for a while now, and I think this has helped. You ever tried - Qonmily Passive Formality - (should be on google have a look ) ? Ive heard some decent things about it and my brother in law got cool results with it.
@grigoretiberiu1842 5 жыл бұрын
This is just superb, I've been looking for "businesses that generate passive income" for a while now, and I think this has helped. Have you heard people talk about - Qonmily Passive Formality - (just google it ) ? Ive heard some awesome things about it and my work buddy got great success with it.
@smarthome6070 5 жыл бұрын
new supporter of your channel.Stay Connected hope back frend.
@JoseMartinez-uq9vj 6 жыл бұрын
Xavi Hernandez really knows how to make money
@JM-uy3xq 5 жыл бұрын
Ahaahaha
@quochung334 5 жыл бұрын
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@elliotjohnson7944 5 жыл бұрын
yh he really looks like him
@jawhi 5 жыл бұрын
Wouldn’t have gotten the reference if I wasn’t an og fifa player 😂😂😂
@chrisc9073 5 жыл бұрын
@@quochung334 scam
@focusedgamedev 6 жыл бұрын
These are helpful distinctions. I did in fact start my business on an FP foundation, but working toward a more non-time-for-dollar model.
@Cube_Ernator1077 6 жыл бұрын
EP model makes the most sense for me, Pat!! You know ..I've been watching a lot of similar videos on Affiliate Marketing .. and NONE of those made the simple sense that your's did! Subscribed!
@patflynn 6 жыл бұрын
Thanks Ross, I appreciate you!
@MereMortalsBookReviews 4 жыл бұрын
Really like that Pat emphasised the patience and time that is required to build passive income. Needs to be known right at the outset.
@drewfwest 6 жыл бұрын
Dude. Brilliant. :) Had me laughing with the conversation with yourself, the rant bar, and "acronym abuse." Also loved the audio bars while featuring guest comments. Thank you for outlining these models. Gives me something to think about as I start my podcast. I wasn't aware of the clear delineations between these different approaches before you posted this! Don't eat things you find in your couch!
@ahmerkhan 6 жыл бұрын
Thanks Pat. Great video. You're absolutely right about the audience and advertising model. It takes time and doesn't guarantee a fast turn around. I think the EP model works well and it's not restricted to your core skills like the FP model. One can piggyback on other things out there too. I plan on turning on the passive income switch once I can find a full time job to keep things stable.
@denilsonmoreira8667 6 жыл бұрын
Loved the video! I'm into the EP model for a few months now and it's really nice and motivating to hear from someone that has had success doing exactly that, when so many people discourage you with negativity. Thanks man!
@patflynn 6 жыл бұрын
You got this!
@DanNortonProduction 6 жыл бұрын
Ha! love the Rant loading bar! Fun and creative visual element to break up the static shot. Thanks for the SPI tips.
@phuongbabiephuongbabia 5 жыл бұрын
This new program haven`t only helped me cover my troubles before but also allowed me to earn more than $133 daily. Several other sites didn`t work to help me get a lot of accomplishments inspite of the fact that getting their survey jobs can guarantee large earnings. Only this website has achieved my satisfaction. To learn more about *4NetJobs. Com* , search it on Google. You will surely love this.?
@SueFerreira75 6 жыл бұрын
Great video - such clarity and value - thank you, Pat. 😀😀
@JBreply 6 жыл бұрын
The EP model sounds like the best model for me to follow. Thanks for this video, Pat. As usual, very useful and well-done.
@braer240 4 жыл бұрын
I swear. You’re one of the most underrated entrepreneur you tubers. I’ve watched a couple of videos and it’s al great info.
@work4dough 6 жыл бұрын
You just got a new sub, thanks for the time you spent on this subject 🙂
@patflynn 6 жыл бұрын
Thank YOU! 🙌🏼
@cleanseclub 6 жыл бұрын
I just love you Pat! Thanks for always being so genuine and helpful
@patflynn 6 жыл бұрын
I appreciate you!
@michaelskinner2789 6 жыл бұрын
"Expert Enough" -- Such a relief! Thanks for the video Pat
@josephhogue 6 жыл бұрын
Great video Pat! Sometimes the income sources that take the most work to become passive are the biggest money makers.
@YeshuaLivesInUandMe 5 жыл бұрын
Thanks for the info! I’m going to do the Expert module thanks again!
@joceylingranada9115 3 жыл бұрын
I don’t know much about passive income but I can say for a fact, with pro aid you sure to get lucrative ends on expenditure on the trade market
@diegoa3991 3 жыл бұрын
How so because of Recent I’ve put my capital into investing my self and it’s been futile
@joceylingranada9115 3 жыл бұрын
Truth be told the market is broad and complicated. A right manner of approach is need in profit making. I’ve been cooperation with sir Morten and with him it’s been really profitable Get to his page hovikmorte. com
@IbrahimHassan-vv7qb 5 жыл бұрын
I like how on point the video is ( no 5min intro lol). Never thought about passive income but will definitely look into it. Good informative video
@ShoshanahShear 6 жыл бұрын
Thanks Pat. This is exactly what I needed. I was trying to figure out whether to concentrate on freelancing or passive income. Thanks for answering this. Another excellent video :)
@SydneyLevy20 6 жыл бұрын
Hey Pat, thank you for taking the time out to create a structured video of substance w/ real-life examples. You just gained a subscription from someone who cuts down on his subscriptions every month (not that I have many). I've been wondering how to get started with building different streams of passive income based on my knowledge, background, etc, and it never occurred to me that there were actual models to choose from. Much appreciated.
@patflynn 6 жыл бұрын
Thanks Sydney, that means a lot! Welcome to TeamFlynn! We’ve got a great community here to help you succeed 🙌🏼
@EARNONLINEFROMDOLLARSADAY 5 жыл бұрын
As always, the video is on top........
@AlbertAldridgeAAFitness 6 жыл бұрын
thank you for this video Pat!
@ZakiyaAlake 6 жыл бұрын
Thank you, Pat. Helpful video. EP is the best model for me. Combining my lived experiences with my education in several fields, I can crank out e-products as gifts while I build my audience.
@denisesmithinteriordesign1406 6 жыл бұрын
Bloody great video..thank you so much for being so honest..
@Ergostudioprod 5 жыл бұрын
This video was so good I pulled out my pen and paper and watched it again.
@SheldonPayne 6 жыл бұрын
Great video Pat. I really enjoy the style of your videos. Very calm and no BS.
@FinallyFreelancing 6 жыл бұрын
Pat you never seem to disappoint. Since I am following you, you always overdeliver. I'm a freelance ux designer and am about to start to build my personal brand. I am aiming at the third model type:EP. Really pumped and excited to continue. Stay tuned!
@torch378 5 жыл бұрын
The EP model has proven to be the best model, especially in the KZfaq channel universe. Video game streamers are a good example of this phenomenon. Podcast hosts use the AA model, but many have some expertise in some area.
@kevinyancey1962 6 жыл бұрын
You’ve opened my eyes. Thanks brother!:)
@DigitalStrom117 6 жыл бұрын
Brilliant man, I loved your video, thanks. I like the 3rd option, which is AA
@beprimo7140 6 жыл бұрын
Thanks Pat! This is what a lot of people need to know and start seriously building for the long haul.
@leehrvyoswld 6 жыл бұрын
Wow, you're the man, Pat. Glad I found you.
@patflynn 6 жыл бұрын
Thanks Jordan! 🙌🏼
@Monoperty 6 жыл бұрын
Thanks Pat. I'm working on the EP model and an extra $500 a month would allow me to outsource some of my heavy workload. I'm also aiming to be a B2B. As always, I appreciate you 👍
@caramelqueen1 3 жыл бұрын
I am from Toni Scott's page. Nice to meet you😊💙
@temillmatic2137 5 жыл бұрын
The first person on KZfaq who talks about all of these Active and Passive incomes and sounds really really honest.. See im kinda like a psychologist type of guys and i recognized the honesty in u.. Keep it up man
@GreatRockRealEstateDenver 6 жыл бұрын
What a great no BS video Pat! We have been investing in real estate to build passive income for the past 10 years but as you pointed out it does take a fair bit of money to get going. Lately the real estate markets have been so crazy it is hard to buy something that makes sense so i have been looking for an alternative. Looks like I have found a mentor! Mike
@patflynn 6 жыл бұрын
Thanks Mike! I’ve started to look to real estate for diversification too recently. I love all of the opportunities available for more passive income growth!
@kathyw9439 6 жыл бұрын
Agreed! We've also been investing in multi-family apartments for 10 years. Prices are going up, cash flow going down and we are 100% about cash flow (buy and hold!). Taking in all that I can on creating online opportunities. Good luck to you!
@kathyw9439 6 жыл бұрын
Pat. thank you for all of your insights and humorous, approachable teaching style! I'll take this opportunity to ask if you have a pain point in getting started in real estate investing? I have an investment analysis spreadsheet that I'd be happy to share. Feels like a crowded online space, trying to find a niche.
@BasedSM 6 жыл бұрын
There are always market corrections
@GreatRockRealEstateDenver 6 жыл бұрын
Based2G yes there are and we can't wait. There are also some emerging markets around the country that still make sense to buy in which we are looking at. I still like the diversification Pat is teaching and I agree with Kathy above it does feel like a crowded online space and I too am trying to find a niche. Mike
@TheGolden90s 6 жыл бұрын
$500 a month passively, is 70-80% of my monthly expenses living in Medellin, Colombia
@katysmith1641 6 жыл бұрын
I make over 900 dollars/week online. If you want to learn how you can too then visit this site here: LoxCash.info
@erenereneren 6 жыл бұрын
Cool.
@Kevinproducciones2 6 жыл бұрын
I make $7.200 monthly
@quarantinelife. 6 жыл бұрын
xtreme6492 7 dollars and 20 cents ?
@erikzz9 5 жыл бұрын
Bro, you can literally get paid for testing apps on your phone, if you've got a smartphone just spend like 2 hours a day messing around with apps you can get between $10 to $50 in a couple of days.
@MtnStrawn 6 жыл бұрын
I've been listening to your podcasts for a little while now and am ready to get started on my own path of passive income! Out of the three business models you stated I personally liked the EP Model the best. But I am going to try to use a hybrid of the AA Model and turning that into the EP Model. Awesome video, awesome Podcast!!!
@patflynn 6 жыл бұрын
Thank you Travis! You got this!
@dakimuchi 6 жыл бұрын
Great video, now you have made me a follower of your channel, great Job!
@MoosesWorkshop 6 жыл бұрын
Will have to check it out. Thank you for the info!
@patflynn 6 жыл бұрын
Thanks so much for checking out the vid! 🙏🏼
@MrAdhito 6 жыл бұрын
8:44 DUDDE WTH HAHA , btw nice video mate !
@shayanghafary6857 6 жыл бұрын
Hey Pat, thanks for the video. And thank you for emphasizing that passive income takes hard work at first to achieve. Just by you saying that actually motivates me more. Cheers!
@SalmaJafri 6 жыл бұрын
Those effects and b-roll were hilarious! Especially loved the rant meter, did something similar with a rewind effect (looking back at 2017) on one of my videos. All those cutaways are great for audience retention. Oh yeah, and the passive income advice is solid too haha.
@JKBelle 6 жыл бұрын
I love you Pat Flynn! You’re so honest and I’ve been listening to you for years!
@patflynn 6 жыл бұрын
I appreciate you! 🙏🏼
@phillichtenberger8112 6 жыл бұрын
Pat - great advice as usual. How did you make the playback in the video? I've been trying to do the same thing and I can't get the chroma tool to work properly on Screenflow. Could you make a quick tutorial on some Screenflow tips you use to create your KZfaq Channel?
@patflynn 6 жыл бұрын
Hey Phil! I'll see what I can do to get a podcast playbacks tutorial up. Is that what you mean? The podcast stuff with the wav files?
@wilhelmheyns4109 6 жыл бұрын
Thank you so much Pat! Loving your content. Keep it up!
@dianedenis1196 2 жыл бұрын
Great video! That's a nice fresh take on this topic: covering general ideas instead of listing particular money-generating activities like every other youtubers does.
@Seelenverheizer 6 жыл бұрын
how many hours took it to writte that book? and what was the ROI on those workhours?
@Xander_Holy_Field 6 жыл бұрын
Thank you Pat, this is great! Love the tshirt~
@Xander_Holy_Field 6 жыл бұрын
EP model is what I'm aiming at. Extra income generated will go towards buying a house.
@patflynn 6 жыл бұрын
Thank you Sandy! 🙌🏼
@aratakitheoneandoniitto 6 жыл бұрын
Thanks a bunch for putting out very informational videos like this. I usually dislike "entrepreneur" types and have hopped from website to website trying to find someone that isn't just selling you pure lip service. I bet a lot of them are trying to hold back on as much info as possible to try to get you to buy their books, but you can't tell most times if its that or they dont know what theyre talking about at all. Good job proving to us you're an "expert" as you phrased it, I think that you that giving your audience stuff like this will earn you more than lose.
@nadjaelfertasi9052 5 жыл бұрын
Thank you Pat!! I love your videos and they come at the right time in my life as I am setting up my own business. I liked the EP business model the most and you gave some great ideas!! Merci beaucoup!
@PositiveInvesting 6 жыл бұрын
Great video! Earned a new sub :-)
@patflynn 6 жыл бұрын
Thanks Nicholas!
@ChrisJonesGaming 6 жыл бұрын
The EP Model makes the most sense to me. It allows for the most freedom in your life - I am 59 years old, and heard of you through listening to Gary Vanerchuck's Audi Book, 'Crushing It'. Trading Time for Money is quite old..
@patflynn 6 жыл бұрын
Thanks Chris! You’re a young 59 you got this!
@benbayless4580 6 жыл бұрын
Love Gary V. What are you trying to sell online physical or info or software?
@kirstimanna5582 4 жыл бұрын
Thanks for all the great info. The business model that makes the most sense for me is The EP model.
@matthenderson3174 6 жыл бұрын
Another great video Pat! I started listening to you back in June 2017 and it is changing my life. I have created 2 new businesses and looking to get going on theEP model next. Thanks Pat!
@servantrose 6 жыл бұрын
Pat, I honestly praise God for you. I couldn't do what I'm doing w/o the quality info you share. You are making a difference in my family's life
@patflynn 6 жыл бұрын
I appreciate you! 🙏🏼
@taisharichards2695 5 жыл бұрын
Can you show me how your making passive income if you currently are?
@alexanderrowan5723 4 жыл бұрын
What could be more lucrative than trading the online market. I’m making so much investing in it.
@lewuesonjamie5657 4 жыл бұрын
Alexander Rowan I also want to earn pls show me How
@alexanderrowan5723 4 жыл бұрын
It’s easy and complicated. Try working with am expert and genuine trader. You are sure to make profit. I bank with my trades with Alex sage and I’m always on the winning side
@alexanderrowan5723 4 жыл бұрын
Commune on
@maxinehenriq6438 4 жыл бұрын
james lewis I’m making a profit at good rate with mr Alex guiding me on my investments. I advise you reach out to him. He’s good at trading I tell you
@lateefasimpson4377 4 жыл бұрын
He’s a good trader I always see good remarks about him
@HardyCozen 5 жыл бұрын
Great video, Pat! Thanks for the insight on building SPI!
@BoeyBear 5 жыл бұрын
A great video, Pat - thank you! You summarise it simply yet effectively 💛
@bdelpesco 6 жыл бұрын
You are the real deal. And funny too. Thanks for sharing your wisdom.
@patflynn 6 жыл бұрын
Thanks Belinda! 🙏
@brandonfernandez4950 6 жыл бұрын
Belinda Del Pesco hiii
@phuongbabiephuongbabia 5 жыл бұрын
Generating income on the web is quite difficult. Don`t worry though as *4NetJobs. Com* (Google it) would make earning online simple for you. Simply read it on their site as a jump start. Tactics as well as training resources which could boost your business on the internet are accessible in this website..?
@anonymous_4372 5 жыл бұрын
You call this funny? Damn some people have no taste whatsoever.
@highpapervibes 6 жыл бұрын
Ha! Love the rant bar.
@chefkibby 6 жыл бұрын
Great 101 content. Pat! I see myself in the EP stream. I’ve always seen my audience as being local and in-person, so I’m excited to discover what value-added products I could offer to a wider online audience.
@MarianVEsanu 6 жыл бұрын
Hey Pat, awesome example man. It's great to see someone talking about affiliate marketing that can really stands behind the products and services he recommends. In my opinion, the EP model is the best example, thanks for sharing that ;).
@kbaker2023 6 жыл бұрын
The EP model would work best for me. An extra $500 a month would help pay off these student loans
@nicholemichelson2634 6 жыл бұрын
Karl Baker if your interested check out this lonk
@IKamiZz 6 жыл бұрын
nice lonk.
@chrisc9073 5 жыл бұрын
@@tiffanynthoki2421 scam
@Champagnebabyyyyy 6 жыл бұрын
Your channel is great! SUCH helpful and valuable content especially for beginners like me, keep up the good work ! :)
@JennaGetsCreative 5 жыл бұрын
Just came over from Tim's channel, and subscribed! I'm excited to learn more from you. Seems like you really know what you're talking about. I'm a stay at home mom and an artist, and I've been working the grind for the last year trying to turn my art "hobby" into a decent income source. Honestly, I think I can use all 3 of those models. I'm already on KZfaq and plan to get a blog started along side it, so once I get to a point where I've got enough of an audience for AA to work well, that's pretty much already in place. I'm starting to collect affiliate links, but I'm not big enough yet as an artist to really catch many companies' interests yet. I do have an affiliate link with an art supply store that ships world wide, though. And of course, FP. I'm trying to figure out what sort of visuals people want on products that I can then go produce designs and upload them to POD services.
@williamsmilton6316 3 жыл бұрын
Love your honesty. I tell my wife this all the time, she has her own little business selling jewelry
@lucasDUCOTE 4 жыл бұрын
It is indeed very advisable to set yourself that passive income streamline. I’ve been able to create a steady passive income flow trading the stock market courtesy of the brokerage services provided by Mr Leon Marceli
@Axelk8 4 жыл бұрын
sounds like an amazing journey👍🏻
@lucasDUCOTE 4 жыл бұрын
Jafar Khan It’s been hella amazing you’ve got no idea
@gustavor.2 4 жыл бұрын
Stock is perfect they say it isn’t so the market makers can have all the advantage this asset has to offer
@Josep61 4 жыл бұрын
Lucas Ducote the stock market hasn’t really been fair to me trading on my own, currently on the verge of giving up but i think i will give it a last shot with your broker. How do i work with him please?
@lucasDUCOTE 4 жыл бұрын
Gary R. Sadly that’s a fact, people seem to ignore the obvious treasures and move along with the crowd instead
@passiveincomedude2164 6 жыл бұрын
I use some of the already, yt i am using now but the best one for me is kindle publishing! Comes slow but stead building and some day i‘ll live off passive income!
@aristoteles3843 6 жыл бұрын
Passive Income Dude Isn't their too much competition?
@passiveincomedude2164 6 жыл бұрын
Aristoteles alot dude but i wrote a book and made around $300 in a year. Is not much but i take it. Only 40 pages. Also have yt videos
@aristoteles3843 6 жыл бұрын
Passive Income Dude I am going to write some books aswell will see how it goes. Did you advertise it somewhere?
@passiveincomedude2164 6 жыл бұрын
nice man go for it! nope never advertised anywhere
@brooks.conkle 5 жыл бұрын
Got to meet you in Austin TX this past summer. Been following SPI a long time. Really cool that after already being wildly successful on other marketing channels you decided to push over to KZfaq and expand your growth yet again!
@CathySirvatka 6 жыл бұрын
What a great summary of the different pathways to passive income! I find sometimes it’s difficult to get accepted to be an affiliate. I’m a web designer (so I guess I’m FA) and my niche has specific equipment needs. So I applied to a couple of companies that sell just the stuff they need. Though I followed all the rules (terms of use page, etc) I was turned down. Maybe not enough traffic yet?? It was disappointing. You encourage me to keep trying and working at growing my following!
@amindinfullbigc3863 6 жыл бұрын
Expert to product fits me. Fitness and technical oriented.
@patflynn 6 жыл бұрын
Nice chuck! What kind of fitness are you into?
@amindinfullbigc3863 6 жыл бұрын
Pat Flynn practical circuit training and practical self defense.
@ericforand6148 4 жыл бұрын
The rich invest in assets while the poor invest in liabilities, it sounds so simple but the thing is, most people can't differentiate between an asset and a liability. let me break it down for you, an asset brings money to your pocket while a liability take money way from you, Yes anything, i repeat anything that doesn't add money to your pocket is a liability.
@rachelbouchard9094 4 жыл бұрын
The key to wealth is investing, but the rich invest in assets while the poor invest in liabilities, the problem now is people don't know the difference between an asset and a liability, just as simple as it sounds an assets brings in money while a liability takes money away.
@BloggingFromParadise 5 жыл бұрын
Keep the helpful prospering content coming Pat. I enjoy a nice passive income model myself, with all of my travels.
@iamsammichelle 6 жыл бұрын
EP makes most sense for me. Great video! Thanks x
@karolgarley 6 жыл бұрын
You... Pat Flynn... Are my go to, not only for passive income, but for everything else you are teaching by sharing your knowledge!!! And to you, I humbly say Thank You!!! ❤ #flynnforthewin
@dylanchan8898 5 жыл бұрын
What is passive income? 1:16 1. The FP (Freelance to Product) Model 2:33 2. The AA (Audience and Advertising) Model 5:31 3. The EP (Expert to Product) Model 8:06
@shimin_mathew 5 жыл бұрын
Thanks man
@bokisatrii 5 жыл бұрын
Hero
@livingbariatric9300 6 жыл бұрын
I'm going with the EP model, thanks for the quick rundown.... the extra cash each month could help with with alternative health treatment that I currently can't access as well as starting to build an actual savings. Always love your no bs approach Pat.
@gameprey1777 5 жыл бұрын
5:30 The AA model..I had a very strong impulse to say AA-ron.. in the substitute teach voice. Thanks Pat for loads of benefit. Subbed/Liked/Notify
@ravisekharveenam3587 6 жыл бұрын
Hey Pat, this is helps a lot for someone who is looking forward to enter into this space... especially in times of information overload... This video gave some clear idea about main biz models... would like to see more these type of videos where you declutter unnecessary info and give straight points to concentrate... For me I think FP model is good for starting...with this we will gain experience and grow audience...then we can even scale it to further more areas with EP model... because by this time we will have some authority and following, so we can recommend to others and earn affiliate commission.
@mrmagician5609 6 жыл бұрын
the EP model , Thanks for the information Pat !
@Sean_Twomey 6 жыл бұрын
Hey Pat, great summary and explanation. How clear it all becomes after a decade of being in the trenches and figuring things out. Great seeing your videos on KZfaq. I’ve also started putting out regular videos - recently wrapped up a 90 Day Video Challenge, which was a very powerful exercise in building momentum. Look forward to meeting you some day after being inspired by your great content for over a decade now. 😃
@faisalfahad6356 6 жыл бұрын
وتت
@ShariKaye 6 жыл бұрын
Informative and entertaining! I enjoy listening to the SPI podcast and I’m loving the content you are putting out on KZfaq! Thumbs up to you and your team!
@JerryHuang 6 жыл бұрын
There are so many different ways to make passive income online. What most people do is to just list out as many ways as possible. But no one can actually categorize them into these 3 neat models. Thank you Pat for another awesome video :)
@MorganTyner 6 жыл бұрын
Awesome video. Really appreciate how you broke everything down, and I am definitely going to refer to this as I continue to build my blogging coaching + consulting online business!✨
@Crazeski 6 жыл бұрын
Downloaded a couple of your podcasts about a year ago where you were speaking with industry professionals and now just stumbled across your KZfaq channel, subscribed! For me I think the EP model makes more sense. Thanks for your very informative and honest views about passive income very helpful.
@buraks.4463 6 жыл бұрын
Hey Pat, great content. Love u :) You mentioned the SPI podcast episode in the video. That'd be great if you had a link below for it.
@SheafferSelect 6 жыл бұрын
I am glad I came across your video I have been building passive income streams since high school but this has been a great refresher I have tried all three the rant was awesome seriousness plus comic the mint in the sofa was priceless The algorithms changing is a complete bummer when that happens
@thefoodnutritionist1823 5 жыл бұрын
I already have a viable business but have not been using everything that I have to my advantage. Love all of the business models. This that I will start will AA. I will also put together an ebook. Thank you for your help and advice
@vivekgovila4148 6 жыл бұрын
Really informative and down to earth video.You really seem to be genuinely offering genuine advice.
@1emc 6 жыл бұрын
thanks Pat for the structured and realistic advice, I also like the comedic inserts that gives a little breather. I'm going for the AA model hoping to be able to buy a cup of coffee from it one day
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