Smart Passive Income

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Welcome to Smart Passive Income

Let’s explore what passive income is all about

I’m Pat Flynn, creator of SPI. If you desire to start an online business of your own involving a blog, podcast, and passive income but don’t know where to start, this page is for you.

My belief in helping you learn is simple: Share the truth, be honest, work hard, and lead by example. That’s what I’m all about, and that’s what SPI is all about.

What is Passive Income?

The SPI definition

In my experience, what most Internet entrepreneurs crave—and what I focus on here at SPI—is the following:

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 Internet entrepreneurs invest our time upfront creating valuable products and experiences. We work hard now to continually reap the benefits later.

The Types of Passive Income

And what to expect from each

I have three podcast episodes that I deem required listening for anyone who wants to get up to speed quickly on passive income business opportunities.

SPI fans tell me all the time how much these episodes helped them understand the types of passive income opportunities. I guarantee they’ll help you too.

If you love the episodes, be sure to subscribe to the SPI podcast on iTunes to get new episodes as they come out.

What Passive Income is NOT

Mythbusting, SPI style

Let’s dispel some myths and set realistic expectations before we go any deeper.

  1. Generating passive income is NOT easy and it takes a lot of hard work. Nothing in life comes easy. Making money online is no different. Many conventional internet marketers and online entrepreneurs will try to persuade you to think otherwise. Why? Because they’re trying to make money from false hopes. I’m here to tell you the truth: Online business is hard. I’ll do my best to guide you and give you the information you need, but I can’t force you to take action; that’s up to you.
  2. Generating passive income does NOT happen overnight. I don’t live, teach, or believe in get-rich-quick schemes. My first online business took about a year of hard work before it was generating enough income to support my family. There was nothing easy about what I had to do to get that business going. But in relative terms, it was “quick” because I decided to opt-out of the work-till-sixty-five-deferred-life plan and make my own luck happen. You can do it too.
  3. Generating passive income is NOT impossible. Passive income was just a dream for me until 2008. That’s when I was let go from my job due to the crumbling economy. With no other options, I bet on myself by trying to make my dream a reality. And you know what? The dream came true, and it’s totally awesome! I get to stay at home with my family, work when I want, and make my own decisions. This lifestyle is possible, and I want you to experience it too.

Passive Income Business Essential # 1

A website with blog

A website is the first essential of any profitable passive income business done online.

There are a few free options like Blogger, Tumblr, or WordPress.com. Those are great options for some, but I don’t recommend that path for two important reasons:

  1. When you use a free service, your domain name will almost always be an “extra” extension to the service provider’s own domain. For example, if I created SPI on Tumblr, the web address would be http://smartpassiveincome.tumblr.com instead of http://www.smartpassiveincome.com.
  2. You have fewer customization options for design, functionality, and revenue. For example, I know that with free WordPress.com sites, you are limited to using only certain plugins, and you aren’t even allowed to advertise.
  3. When you build your business on someone else’s platform, your business is vulnerable to any changes they might make. For example, if Tumblr closed tomorrow, you would lose your business entirely.

These three reasons alone are exactly why I recommend going with a self-hosted website. You have more control, it looks more professional, and you can truly call it your own.

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The Website Hosting Company I Use and Trust

I’ve used Bluehost since the beginning and trust them implicitly. I love their customer support and reliability. I’ve even been to their headquarters in Utah just to make sure they were on top of things.

I hear horror stories all the time from other online entrepreneurs dealing with massive hosting headaches. Thankfully, I never have them with Bluehost. Bluehost just works, which gives me amazing peace of mind!

I highly recommend using Bluehost for your first website, and you can get started now at $3.49/month, which is an exclusive Smart Passive Income reader deal!

Passive Income Business Essential # 2

A podcast and smart podcast player

Launching a podcast for Smart Passive Income was one of the smartest business decisions I’ve ever made.

Click here for my free podcasting tutorial to help you start your own podcast today!

Why is podcasting so valuable to passive income online-based businesses? Because with a podcast, you are literally speaking into the brain of your fans—helping to educate and inspire them with your knowledge.

Also, the podcast marketplace is far less saturated than the blogosphere. That means you can stand out from the crowd easier if you produce a high-quality show—which makes podcasting both a great business launch strategy as well as a growth strategy.

Down the road, if your podcast performs well, you may be able to attract sponsors to your show that you know, trust, and that add value to your listeners. Such high-quality sponsors are another fantastic source of passive income.

I only allow sponsors on my podcasts that I know from firsthand experience and that share my values.

SPI Exclusive Deal
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The Podcast Player I Trust… Because I Made It

Getting readers of your blog to convert to being fans of your podcast can be a big challenge because most podcast plugins are terrible. I became so frustrated by other plugins that I built my own—one that truly delivered the user experience that my fans deserve.

I call my plugin the Smart Podcast Player (SPP). It has seven entirely unique features that will get you more downloads, shares, and subscribers. And it’ll look awesome on your site too!

* Enter “woohoo” at checkout to enjoy 10% off your SPP subscription.

Get Started the Smart Way

My free, exclusive email content

Before you get going full steam with your online business, I’d love to share with you some insights and guidance that I’ve learned about starting an online business the smart way.

The content in this email course is exclusive. You won’t find it anywhere else. I do that because I believe it’s important to start out with a focused, nurturing experience that rewards commitment.

Get immediate access now by clicking the button below. I cannot wait to help you get started.

Click Here to Get Started

I Appreciate You!

Thank you for being here

I’m here for you as both a guide and as a friend.

I want to hear your stories. I want to know how else I can help you. I want the Smart Passive Income experience to be our experience, together. That’s how we all learn and grow together, including me.

I do my best to respond to emails. I treat everyone equally. And I firmly believe that I’m not special, just a normal guy who enjoys working hard and working smart. In everything I do here with Smart Passive Income, I truly want to make the Internet a better place.

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