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Passive Income Streams 101

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Passive Income Streams 101

By Pat Flynn on

Creating multiple passive income streams is everyone’s dream. In order to make this happen, you have to understand exactly what the passive income business model looks like, which I’m going to share with you today. This is the business model that allows me to work just two hours a week, yet pull in a full time, CEO-sized income.

Before we get into it, I just wanted to mention that this isn’t the only business model out there. Obviously, there are a million things you can do online and offline to generate a decent income, but this is the business model that I choose to use because:

  • It’s relatively cheap and easy to setup
  • It’s low risk (what have you got to lose?)…
  • After it’s setup properly, it runs on auto-pilot, which means you don’t have to be present in order to complete a transaction
  • You can implement this business model “on the side” for an extra income in addition to your 9 to 5…
  • You can make money at any time of the day, from anywhere in the world…
  • It’s easy to implement tests and business strategies to try and improve results…
  • Once it gets going, you can try and duplicate your results in other markets and create multiple passive income streams
  • If all goes well, you’ll have the freedom and time to do what ever it is you want.

Hmm…cheap, easy, low-risk and high-reward? Sounds like a winning business plan to me.

In the video below, I outline exactly how my passive income business model works. Also, for you beginners out there who may not have information products to sell just yet, I’ve included a Bonus Adsense Tip, which I used to quadruple my Adsense earnings, back before I was really focusing on information product creation.

If you cannot view the video, please watch Passive Income Streams 101 on YouTube here.

I hope you’ve enjoyed the presentation. Please leave a comment for me below. I’d really appreciate it! Thanks!

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P.S. If you liked this video, you can subscribe to The Smart Passive Income Blog on YouTube for more videos just like it! Check out my “4-minute blog”, a blog that I created in less than 4 minutes from scratch, including it’s first blog post with an embedded picture. Now you don’t have any excuse to not get started earning money online!

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