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Getting Started with Smart Passive Income

Twitter

I’m headed back home from Boston today (I was there for the premiere of Crooked Arrows, which was awesome! Pictures of the red carpet event to come soon!), but in the meantime I’m really happy to share a wonderful guest post by my good friend Tom from Leaving Work Behind.

It’s funny because I actually haven’t talked about Twitter very much here on the SPI blog – I talk about Facebook and YouTube much more – but I do use it to successfully drive a lot of traffic to the blog and engage even further with the SPI community

Everything I would want to say about Twitter is covered perfectly in this post, including some of the tools that I use to go along with it, so please enjoy and take it away Tom!

Do you ever feel like you’re wasting time on social media? Like your considerable efforts are not suitably rewarded?

Are you spending hours and hours on social media networks like Facebook and Twitter every week in an effort to promote your blog, and only getting a trickle of traffic in return?

If any of this sounds familiar, don’t worry – you’re not alone. I have wasted more hours than I would care to mention on social media. However, I recently learned something extremely valuable – that investing a small amount of quality time is by far the best way to get results.

And when it comes to getting a huge return on your time investment with Twitter, I have developed a highly effective strategy that takes just 10 minutes a day to maintain. Click Here to Read More about Twitter…

passive income

Welcome to my April 2012 income report!

Every month I write a detailed report about my online businesses.

I do this not only to help me keep track of my progress, but also to show you what’s working for me, and what’s not.

In my monthly reports I always include an extremely detailed breakdown of the income I’ve earned online and I conclude with some of the more important things I’ve learned during the month.

I do this to motivate and to be transparent. Plus, I personally feel that if a person is publishing information about making money online he or she should show all sides of the equation so that the readers can make honest decisions based on honest information and common sense, not on hype.

If you’re just starting out online, please understand that making money via the Internet is definitely not an overnight thing, and it takes a lot of hard work and dedication to pull it off.

A lot of people will attempt it and many people will fail – but I absolutely know that it’s possible.

I struggle through trial and error every single day – but as long as you have a goal and constantly work towards it you’re giving yourself a chance.

Thanks again for your support, and I hope you enjoy this month’s report. :)

Click Here to Read the Rest of My April 2012 Report

SPI Podcast Session #38

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In this session of the Smart Passive Income Podcast I’m happy to welcome writer, traveler and fighter of the status quo, Chris Guillebeau.

Chris has a blog called The Art of Non Conformity, he holds an annual conference called the World Domination Summit and the first time I heard about him was when I was introduced to his manifesto entitled 279 Days to Overnight Success (written in 2009) - which goes along with a lot of the same things I’ve been talking about on SPI lately – the idea that success doesn’t happen overnight, and it’s all about providing a service to others.

For some reason it took us this long to finally connect, but it’s his philosophy of improving one’s own life while improving the lives of others at the same time that I’m really attracted to and believe in, which is why I didn’t hesitate to read his new book, The $100 Startup (amazon affiliate link), when he offered me a review copy to read before it was even released (it goes on sale tomorrow – Tuesday, May 8th, 2012).

I have an entire collection of books that different authors and publication companies have sent me, and I get a new one every couple of weeks it seems. Most of them are from authors I’ve never heard of before or about topics that aren’t really right for my audience here on SPI, so I don’t even bother to read them.

When I received Chris’ book, however, I was eager to dive right in – and I’m really glad I did. It’s a smart blend of The 4-Hour Work Week by Tim Ferriss (but more realistic) and Rework by Jason Fried and David Heinemeire (but more actionable) – so it’s definitely going up on my Resource Page.

I was happy to have Chris promote his book on the podcast a little, but that’s not all I wanted to talk about. We also talk about his backstory and his philosophy of doing business, and also about publishing books in general – traditional publishing vs. self publishing, and that whole debate.

To be more specific, in this session you’ll learn about:

  • What all this “world domination” talk is really all about.
  • The various business ventures that Chris is involved in.
  • How Chris went from juvenile delinquent to successful entrepreneur.
  • Chris’s response to people who feel they don’t have any special talents or skills that could be turned into a business.
  • Why “teaching a man to fish” may not be a good thing after all.
  • What Chris’s response is to “Is every passion profitable?” and his formula for success.
  • How Chris found the success stories (and qualified them) for The $100 Startup.
  • Chris’s answer to “why should people read your book when there are a lot of similar books out there…”
  • Chris’s thoughts on traditional publishing vs. self publishing.
  • Plus a lot more!

Right click here to download the MP3

Items mentioned in this podcast include:

I hope you enjoy this session of the SPI podcast! Thank you for listening, and the transcript will be available later today!

Cheers, and all the best!

Please subscribe below to the podcast to get automatic updates for your device:

Click Here to Download the Transcript for Session 38 (PDF)

What I Know I Did RightIn my last post, If I Had to Start Over…This is What I’d Do Differently, I shared a lot of things that I wish I knew when I first started doing business online. I made a lot of mistakes and although I can’t go back in time and redo things, I hope that my past experiences can somehow help you.

In today’s post, I’m going to flip the switch and share what I know I did right instead – things that I would make sure to do again if I had to start from scratch.

It’s interesting because in the beginning, at times, I wasn’t fully aware of why I was doing so well. Only now – almost 4 years into self-employment online – can I look back and fully understand why things transpired the way they did.

Here’s what I know I did right… Click Here to Read More About What I Know I Did Right

If I Had to Start Over...This is a follow up to my last post, the history of my first online business

I’m often asked: if I had to start over again, knowing what I know now, what would I do differently?

And more importantly, why?

There’s a lot, so let’s get right into it…

I Should Have Been Proactive – Not Reactive

When I created a blog to help me keep track of my notes and pass the LEED exam, that was being proactive.

Starting my first online business only after getting laid off, when it was an opportunity I had all along – reactive.

It was my lay off that forced me to look at my other options and give internet business a shot, and it’s pretty sad to realize that without the layoff to push me forward, I guarantee I would have never ventured into the online space.

I wasn’t looking for opportunities, and was very close to missing this one.

I’m not saying that you should quit your job to start your own business – I never encourage anyone to straight up quit their jobs without a plan.

What I am saying is that we all have the option to either be on offense, or on defense.

  • Those who are on offense are in control. It’s internal motive that create a customized output.
  • Those who are on defense take action based on external factors. They react. And as such, a lot of that control is given up.

I should have seen the opportunity I created and run my LEED exam business on the side while I still had my 9 to 5 job, but because I wasn’t being proactive I let the site sit stagnant for months until I was finally laid off.

And when you consider that in the early days after I began monetizing the site it was generating $20,000 to $30,000 per month…it’s pretty crazy.

Are you on offense, or are you on defense? Click Here to Read More

Railroad TracksI’ve told the story about how I started my first online business hundreds of times before – in conversation, in interviews and more recently, live on stage – but today I plan on getting into more detail than I ever have before.

Why?

Because the brevity of those conversations often blur the truth about how much time and effort was actually put into my business before I ever made a single penny.

My first monthly income report from October of 2008 reports $7,906.55 in earnings, however this was definitely not the first month my business was running – this was the first month I had monetized it with my own producta year and a half after I started.

Let’s start from the beginning so we can see what really happened. Click Here to Read More about Pat’s First Online Business

SPI Podcast Session #37

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In this session of the Smart Passive Income Podcast I’m stoked to feature yet another success story from someone who has built a six-figure business online in a hobby niche that, to be honest, I never thought was possible to make a living from – at least online.

Lain Ehmann from LayoutaDay.com shares an amazing story about how she’s built an online business in the scrapbooking industry!

Beyond her story, she shares a ton of incredibly useful information that I look forward to putting into practice myself someday.

In this session you’ll learn about:

  • How Lain turned her passion into profit after starting a blog.
  • Her monetization strategies and how much she’s earning.
  • How Lain used an “unfair advantage” to make great strides with her business and get ahead of the competition.
  • The most important elements that contributed to her success in the scrapbooking industry, and it was not her artistic talent.
  • The importance of diversification and multiple streams of income.
  • How she’s created an online convention for the scrapbooking industry, and why it’s so successful.
  • Examples of how Lain is putting my “Be Everywhere” marketing philosophy into practice.
  • Plus a lot more…

Right click here to download the MP3

Items mentioned in this podcast include:

I hope you enjoy this session of the SPI podcast!

Lain has told me she would be happy to stop by every once and a while and answer any questions you may have. Thank you Lain!

Here’s to all of your success! Cheers, and all the best!

Please subscribe below to the podcast to get automatic updates for your device:

Click Here to Download the Transcript for Session 37 (PDF)

SPI friend and confidant, Corbett Barr from ThinkTraffic.net , joins me in a unique, hi-def video interview where I ask him a number of questions about getting more traffic to your blog, especially if you’re just starting out or you’ve hit a plateau and need to get off of it.

We cover a number of important things, including:

  • What’s working for people right now.
  • Corbett’s primary traffic strategies (and there’s no mention of Search Engine Optimization).
  • How to start getting traffic when you have zero traffic and zero connections to people.
  • Tips on getting other influential bloggers to notice who you are and link back to you.
  • His two favorite tools for keeping track of stats and what to do with those numbers.
  • Plus a few more tips…

And in case you can’t watch the video, of course I have a transcript! It’s located beneath the video.

Here’s it is. Please enjoy!

(Or, you can watch How to Get More Traffic on YouTube)

Click Here to Read the Transcript

Also, I wanted to be honest and let you know that at the end of the video I give Corbett a minute to talk about Traffic School.

No, he doesn’t have a bad driving record (actually, well – I can’t confirm that) but he does have an amazing course that I’ve been happy to recommend here on the blog in the past. He opens up the doors just a few times a year and he will be doing so again tomorrow (Tuesday) for only 100 new students, and I’ve always gotten an amazing response from those who have purchased through my affiliate link.

He’s also giving new members full access to his How to Start a Blog that Matters course, which I’m very familiar with as well.

Thanks again to Corbett, and if you have any questions about Corbett’s tips and driving more traffic to your blog, please feel free to leave a comment below.

Cheers, and all the best!

Totally! ;)

P.S. And in case you’re curious (a number of people on YouTube have asked me already), I’m shooting on a Canon Rebel T3i with a 50mm f/1.4 lens and recording with a Sony Wireless UWPV6 Lavalier Microphone.

Crooked Arrows PosterLast week, I experienced one of the most fulfilling moments of my life.

Let me explain…

In SPI Podcast Session #31 I shared that in early 2011, a Hollywood producer had found me though my podcast on iTunes.

He was interested in hiring me to help with the web and social media marketing campaign for a independent movie he was working on, Crooked Arrows, a family-friendly, feel good underdog sports movie (similar to Mighty Ducks, Bad News Bears and Hoosiers) in the setting of the fastest growing sport in the U.S. – lacrosse.

After learning more about the project, I fell in love with it and decided to take on the role as Director of Web and Social Media for the film.

Here I am on IMDB :)

I was also invited to be an extra too, which is something I’ve always wanted to do.

I knew that this was going to be a huge undertaking (it has been), but a unique one as well, especially considering this is an independent film with a budget that’s in the millions.

When I first came on, I realized very quickly that this was serious business, and to become an integral part of the team meant a lot to me, not only because I have always been interested in the movie industry and wanted to use this opportunity to learn about how it all works, but also to possibly provide something new to it and to help this particular project succeed.

Last week, I attended a pre-screening event here in San Diego and saw the movie for the very first time. Click Here to Read More about Crooked Arrows

This is a step-by step tutorial that will help you configure your Google Analytics account so that you can track email conversions.

Why would you want to do this?

Because once you set this up you can quickly (in seconds) see how many people are subscribing to your email list, where they are coming from and the conversion rates for each of those pages.

This data is extremely important to know because then you can see what’s working, what’s not working, and then act accordingly.

(And if you have yet to start building an email list, here’s a beginner’s guide to help you get started.)

Yes – you can get this data in the backend of most email marketing service providers, however it’s not easily accessible.

For example, here’s a snapshot of my email list information in Google Analytics from the past month:

How to Track Email Conversions in Google Analytics

I can quickly see that I’ve accumulated 2,381 subscribers (between 50 and 110 subscribers per day) and the pages with the most subscriptions are my home page, my getting started page, my income reports page and my about page, and the pages with the highest conversion rates are my eBook landing page and my about page.

By the way, have you put an opt-in form on your about page yet? ;)

From here, I can test different strategies and see how they affect my conversion rates, or find a particular date where email subscriptions were abnormally high (or low) and further investigate.

Let’s get started… Click Here to Read More about How to Track Email Conversions in Google Analytics