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SPI 194: (Updated Recording) Types of Passive Income Generated Online and What to Expect From Each – Part 3

Today’s episode is the final chapter in my revamped, three-part series on getting started with your own passive income business.

Part one brought you the basics, exploring what to put in place before creating your business. Part two walked you through building an audience once you’ve laid your foundation and a few different models for generating passive income. In part three, I’ll explore even more passive income business models that will help you break free from trading your time for money.

I’ll explore how to get started with membership sites, software, and productizing other freelance services. Each of these passive income models allows you to put in time up front, reap long-term profit, and experience the flexibility and freedom that makes the passive income lifestyle so incredible.

No matter what approach you choose for your online business, I hope this series inspires you to take the plunge!

Thanks for Listening!

Thanks so much for joining me again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

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If you have any questions (or would like answers to hear previously submitted voicemail questions!), head on over to AskPat.com. This bite-sized show has over two million downloads and counting!

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Thanks for listening in this week. Until next time!

You’ll Learn

  • How to get started creating a membership site.
  • Software tools for building your membership site.
  • How to keep your members coming back with new and valuable content.
  • The biggest, most appealing value-add you can include in your membership site.
  • Ways to engage your membership community on a personal level.
  • Strategies for maintaining retaining members across billing cycles.
  • Tips for getting started with software business.
  • The hard lessons I learned while building a software product.
  • The key to turning your freelance gig into a passive income stream.
  • Stories from my personal experiences with each of these income models, and more!

Smart Passive Income Podcast

with Pat Flynn

Weekly interviews, strategy, and advice for building your online business the smart way.

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