I’m Pat Flynn, creator of Smart Passive Income. If you desire to start an online business of your own but don’t know where to start, this page is for you.
For me and for the Smart Passive Income community, we focus on building businesses that take advantage of systems of automation that allow transactions, cash flow, and growth to happen without requiring a real-time presence.
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 Smart Passive Income is all about.
Types of Passive Income: What to Expect
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. Simply right-click on each link below to save the MP3 file to your computer.
Then listen at your leisure: while you’re at the gym, on the commute home, or doing chores.
- SPI 015 : Types of Passive Income and What To Expect From Each (Part 1)
- SPI 016 : Types of Passive Income and What To Expect From Each (Part 2)
- SPI 017 : Types of Passive Income and What To Expect From Each (Part 3)
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. And if you love the episodes, be sure to subscribe to the SPI podcast on iTunes to get new episodes as they come out.
The SPI Business Model
In the video below, I illustrate exactly what a passive income business model looks like. This is the foundation of my profitable online businesses as well as everything I teach here on SPI. If you’ve read The 4-Hour Work Week by Tim Ferriss, this will be somewhat familiar to you. That book dramatically inspired how I run my businesses.
What Passive Income Is Not
Let’s dispel with 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-easy schemes. My first online business took about a year of hard work before it was generating enough 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 65 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.
Domain and Hosting Strategy
A website is an essential part 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.
These two 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.
Bluehost: The Hosting Company I Use And Trust
I’ve used Bluehost since the beginning and trust them implicitly. I love their customer support, live chat, and reliability.
I hear horror stories all the time from other online entrepreneurs dealing with massive hosting headaches. I never have them with Bluehost. Bluehost just works, which gives me amazing peace of mind!
Click here to get an exclusive SPI discount of $3.49/month for a new domain and hosting account!
Disclaimer/Truth: I do earn a commission if you choose to go with Bluehost. There are obviously other hosting companies available, but again this is my recommendation based on my experience with the company since I started doing business online. If you do purchase through my affiliate link, thank you so much for your support!
FREE: My Exclusive Get Started the Smart Way Course
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 entering your name and email address in the form below. I cannot wait to help you get started.
I Appreciate You!
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.