Let’s explore what passive income is all about

There are lots of definitions of passive income, and yes – I’m aware of traditional methods such as investing in real estate and in the market. I do both of those, but that’s not what this website is about…

In my experience, the best form of passive income—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 entrepreneurs invest our time upfront creating valuable products and experiences that serve others, because that’s really all a good business does – it helps other people solve their problems.

We work hard now to continually reap the benefits later.

And unlike real estate or getting involved in the market, the barrier to entry is much lower. There’s far less money needed to invest (in fact, my first online business that served the architecture and design community was created for only $6.95/month), the rewards can come in much faster (after 1.5 years that architecture business generated over $200,000), and what you create is something you can become recognized for.

There’s lots to talk about, and I can’t wait to dive in with you. I recommend first getting started by watching this video below where I share 3 different passive income business models, so that you can see which direction you’d like to take…

Now, if you want to get more specific, here are three of my most popular podcast episodes that get into detail about what products and services you could potentially offer. You know the business models now, which one of these product types are of most interest to you?

And really quick, I highly recommend you subscribe to my award winning weekly podcast below. I interview top people in the industry, including people like Tim Ferriss and Gary Vaynerchuk, but also people who are successful that you’ve never heard of people – people who are just a few steps ahead of you:

• Subscribe via iTunes
• Subscribe via Stitcher

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.

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.

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 three 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 https://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.

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

Click here for my in-depth course on how to create and market a podcast.

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.

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’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.