This video is about the business models. If you'd like to see specific examples of different businesses I've created that use these models, here are 9 ways that I earn a passive income online, including income and what's working best: ruclips.net/video/dhgQc70ZV7Y/видео.html
This was great, I been tryin to find out about "ways to start an online business" for a while now, and I think this has helped. Have you heard people talk about - Konameron Denamilla Rule - (do a search on google ) ? Ive heard some incredible things about it and my partner got excellent results with it.
hi guys, the best info that I have ever had was by using the Kevins App Oracle (just google it) - without a doubt the most incredible resource that I have ever seen.
I'm surprised no one caught on the sarcasm or talked about its possible harm. While it is humor, it will scare some people from Pat, those that have not yet heard that he has been and still is doing other passive income businesses of his own, many successful ones and some that failed. Those businesses are the reason for his relevance and authority to teach on the subject; lessons that will of course, justifiably, earn him more passive income.
I would say, the best way is to SELL a nice but empty dream ! Plp are emotional and will allways love to hear what they want, they will buy it, and life will take care on showing them the hard truth.
FP = service-based freelance (to get started) to problem-solving product AA = audience & advertising (affiliates, Adsense, sponsorships) EP = expert (you can be an expert to someone else who knows just a little less than you do) to product (ebook, online course) I’d love to hear Pat talk about print on demand & dropshipping businesses.
I met her in a conference in Washington DC and after her speech I was opportune to meet her and I started investing, I'm happy today because of expert Mrs Lucy Mary Liam
Love the rant and being upfront with people about the hard work that goes into creating passive income. The EP model is what I'm going towards. Using RUclips as the starting platform and go from there. Great video Pat!
If someone wants the fast, magical way, then they are in the wrong place. The reality is that this stuff is hard. I want people to succeed, and I want to be the one to help them. Thanks for being here!
Winner of a video, I have been researching "passive income online store" for a while now, and I think this has helped. You ever tried - Qonmily Passive Formality - (Have a quick look on google cant remember the place now ) ? Ive heard some incredible things about it and my m8 got excellent success with it.
Great info. You guys can also go to *LIVENETJOBS. COM* if you're trying to make money online. This is what I've been doing and I'm happy with my results.
If you`d like to gain more than 15k cash, hunt for *4NetJobs. Com* on Google in order to start your own online businesses. You should move now and discover everything you must learn. We have used various other models but nothing happened. However this plan is different as it works! All of the results it showed are good. What’s stopping you? Check it out today!.?
I like the idea of putting in hard work now to reap the benefits later. I never really liked the thought of feeling like you are forced to work 40+ hours a week for the rest of your life until you are an elderly person. I'm not averse to hard work at all but I just feel like you also need to enjoy your life and not let work fully define your entire life.
Not wanting to work 40+ hours a week for a tiny wage isn't not wanting to work. I love to be productive, and as a result I'd want to ensure that those 40 hours are spent as effectively as possible, which means producing my own income rather than being limited to these handouts.
Sometimes the investment in time in the beginning may be slow and take years. The 40 hr/week jobs are what sustain you so you can build a sustainable business. This requires a high amount of discipline. Your objective is market share. You don’t care about dollars and cents yet.
@@NotShowingOff what does it require lol. Requires nothing. What is hard is to work 130 hours a week, including in this time daily workout and self development and trying to learn and improve at your craft. Forgetting rest on the weekend. This is hard. Working 40 hours a week even a dog can do it.
Fist of all, that RANT METER is hilarious. That should be a FBLive/Insta/Snap filter. I am building my brand in the EP model. Great content as always. Thanks, Pat!!
If you're trying to make some cash here's how you can make an easy 300 dollars everyday (or even more): *LIVENETJOBS. COM* Hope this helps. “Start where you are, use what you have, do what you can.”
Finally, someone who is a leader in their field that gives easy to understand advice about how to do something. I, for one, will be breathing a sigh of relief for a long time.
EP model makes the most sense for me, Pat!! You know ..I've been watching a lot of similar videos on Affiliate Marketing .. and NONE of those made the simple sense that your's did! Subscribed!
Truth be told the market is broad and complicated. A right manner of approach is need in profit making. I’ve been cooperation with sir Morten and with him it’s been really profitable Get to his page hovikmorte. com
The first person on RUclips who talks about all of these Active and Passive incomes and sounds really really honest.. See im kinda like a psychologist type of guys and i recognized the honesty in u.. Keep it up man
It’s easy and complicated. Try working with am expert and genuine trader. You are sure to make profit. I bank with my trades with Alex sage and I’m always on the winning side
Bro, you can literally get paid for testing apps on your phone, if you've got a smartphone just spend like 2 hours a day messing around with apps you can get between $10 to $50 in a couple of days.
Pat you never seem to disappoint. Since I am following you, you always overdeliver. I'm a freelance ux designer and am about to start to build my personal brand. I am aiming at the third model type:EP. Really pumped and excited to continue. Stay tuned!
This was great, thanks, been searching for "creating residual income" for a while now, and I think this has helped. You ever tried - Qonmily Passive Formality - (should be on google have a look ) ? Ive heard some decent things about it and my brother in law got cool results with it.
This is just superb, I've been looking for "businesses that generate passive income" for a while now, and I think this has helped. Have you heard people talk about - Qonmily Passive Formality - (just google it ) ? Ive heard some awesome things about it and my work buddy got great success with it.
Loved the video! I'm into the EP model for a few months now and it's really nice and motivating to hear from someone that has had success doing exactly that, when so many people discourage you with negativity. Thanks man!
Thanks Pat. Great video. You're absolutely right about the audience and advertising model. It takes time and doesn't guarantee a fast turn around. I think the EP model works well and it's not restricted to your core skills like the FP model. One can piggyback on other things out there too. I plan on turning on the passive income switch once I can find a full time job to keep things stable.
Great video! That's a nice fresh take on this topic: covering general ideas instead of listing particular money-generating activities like every other youtubers does.
Downloaded a couple of your podcasts about a year ago where you were speaking with industry professionals and now just stumbled across your RUclips channel, subscribed! For me I think the EP model makes more sense. Thanks for your very informative and honest views about passive income very helpful.
Thanks Pat. I'm working on the EP model and an extra $500 a month would allow me to outsource some of my heavy workload. I'm also aiming to be a B2B. As always, I appreciate you 👍
Glad to see someone finally admit it isn't easy and that it does take a LOT of work to build up viewers to even start to get click throughs - and there is a LOT of competition in this
Hey Pat, thank you for taking the time out to create a structured video of substance w/ real-life examples. You just gained a subscription from someone who cuts down on his subscriptions every month (not that I have many). I've been wondering how to get started with building different streams of passive income based on my knowledge, background, etc, and it never occurred to me that there were actual models to choose from. Much appreciated.
What a great no BS video Pat! We have been investing in real estate to build passive income for the past 10 years but as you pointed out it does take a fair bit of money to get going. Lately the real estate markets have been so crazy it is hard to buy something that makes sense so i have been looking for an alternative. Looks like I have found a mentor! Mike
Thanks Mike! I’ve started to look to real estate for diversification too recently. I love all of the opportunities available for more passive income growth!
Agreed! We've also been investing in multi-family apartments for 10 years. Prices are going up, cash flow going down and we are 100% about cash flow (buy and hold!). Taking in all that I can on creating online opportunities. Good luck to you!
Pat. thank you for all of your insights and humorous, approachable teaching style! I'll take this opportunity to ask if you have a pain point in getting started in real estate investing? I have an investment analysis spreadsheet that I'd be happy to share. Feels like a crowded online space, trying to find a niche.
Based2G yes there are and we can't wait. There are also some emerging markets around the country that still make sense to buy in which we are looking at. I still like the diversification Pat is teaching and I agree with Kathy above it does feel like a crowded online space and I too am trying to find a niche. Mike
Thank you so much for sharing! You seem like one of the first ones who talks about this that I actually trust. No quick fixes like everyone is saying lately. The EP model makes most sense to me because I have been spending a lot of hours learning about creating a balanced lifestyle based on your habits to go after your goals because that is what I am currently doing. It started just for me but people started asking me questions so I really appreciate this video. An extra 500 pounds would mean so much for me! I would be able to invest more in my company and myself and family to grown
Thanks for the kind comments Eloise! Anyone who tells you this stuff is easy and happens overnight is just downright wrong - this stuff is possible, and absolutely life changing, yes, but it's hard and it takes work, and my job is to help dispel the myths, tell the truth and make it as easy as possible. I appreciate your kind words and support!
Pat Flynn Pat Flynn Yess I can really feel your energy and have a good feeling about it! I myself am in the health industry and am losing my mind over all the quick fixes. You are so right! You helped me see that I just need to keep on doing what I do and listen to my instinct! 🙌 Thankyou!
Dude. Brilliant. :) Had me laughing with the conversation with yourself, the rant bar, and "acronym abuse." Also loved the audio bars while featuring guest comments. Thank you for outlining these models. Gives me something to think about as I start my podcast. I wasn't aware of the clear delineations between these different approaches before you posted this! Don't eat things you find in your couch!
Great video Pat. I have my own digital marketing agency so the FP model is where I’m starting at. I want to build passive income helping people drive more traffic to their website.
Got to meet you in Austin TX this past summer. Been following SPI a long time. Really cool that after already being wildly successful on other marketing channels you decided to push over to RUclips and expand your growth yet again!
I have 3 books I am releasing this spring, my passive income is on its way. Everything I know alot about, I am putting in short books for cheap, so I just collect passive income and don't hurt nobodies pockets.
The EP Model makes the most sense to me. It allows for the most freedom in your life - I am 59 years old, and heard of you through listening to Gary Vanerchuck's Audi Book, 'Crushing It'. Trading Time for Money is quite old..
There are so many different ways to make passive income online. What most people do is to just list out as many ways as possible. But no one can actually categorize them into these 3 neat models. Thank you Pat for another awesome video :)
The EP model has proven to be the best model, especially in the RUclips channel universe. Video game streamers are a good example of this phenomenon. Podcast hosts use the AA model, but many have some expertise in some area.
I'm going with the EP model, thanks for the quick rundown.... the extra cash each month could help with with alternative health treatment that I currently can't access as well as starting to build an actual savings. Always love your no bs approach Pat.
Thanks a bunch for putting out very informational videos like this. I usually dislike "entrepreneur" types and have hopped from website to website trying to find someone that isn't just selling you pure lip service. I bet a lot of them are trying to hold back on as much info as possible to try to get you to buy their books, but you can't tell most times if its that or they dont know what theyre talking about at all. Good job proving to us you're an "expert" as you phrased it, I think that you that giving your audience stuff like this will earn you more than lose.
This new program haven`t only helped me cover my troubles before but also allowed me to earn more than $133 daily. Several other sites didn`t work to help me get a lot of accomplishments inspite of the fact that getting their survey jobs can guarantee large earnings. Only this website has achieved my satisfaction. To learn more about *4NetJobs. Com* , search it on Google. You will surely love this.?
I'm enjoying your "lives" which I recently discovered. Now I'm doing some homework; gathering some background. I'm not an entrepreneur but an older woman with a thirst for learning, took a right turn onto RUclips Avenue and now considering whether I can make some money by doing what I've been doing for free because I'm passionate about it. Thanks for sharing your gift with me via RUclips.
Wow, I really appreciated this video. The third model’s title previously made me hesitant, so I am grateful to hear your breakdown of what it really means. I would often think to myself “how could I ever advertise myself as an expert when I do not have decades of experience or degrees in ‘said’ field?” Then, I would notice how even celebrities would switch you their careers or become involved in other arenas that they, too, were never considered “experts” in yet make a lot of money off of those business deals lol. Thanks again for sharing this!
OMG I don't know if you ever will read this, but yesterday I saw this video I thought cool story, really useful info. Then I kept looking for info and started to listen the audiobook"Crushing it" from Gary, and right now I'm listening to your story....god this is AMAZING!!!!!
It is indeed very advisable to set yourself that passive income streamline. I’ve been able to create a steady passive income flow trading the stock market courtesy of the brokerage services provided by Mr Leon Marceli
Lucas Ducote the stock market hasn’t really been fair to me trading on my own, currently on the verge of giving up but i think i will give it a last shot with your broker. How do i work with him please?
certainly something that a lot of people should do. How nice it is to just make money without you doing anything. Thank you very much for this great content!
Generating income on the web is quite difficult. Don`t worry though as *4NetJobs. Com* (Google it) would make earning online simple for you. Simply read it on their site as a jump start. Tactics as well as training resources which could boost your business on the internet are accessible in this website..?
I've been listening to your podcasts for a little while now and am ready to get started on my own path of passive income! Out of the three business models you stated I personally liked the EP Model the best. But I am going to try to use a hybrid of the AA Model and turning that into the EP Model. Awesome video, awesome Podcast!!!
The rich invest in assets while the poor invest in liabilities, it sounds so simple but the thing is, most people can't differentiate between an asset and a liability. let me break it down for you, an asset brings money to your pocket while a liability take money way from you, Yes anything, i repeat anything that doesn't add money to your pocket is a liability.
The key to wealth is investing, but the rich invest in assets while the poor invest in liabilities, the problem now is people don't know the difference between an asset and a liability, just as simple as it sounds an assets brings in money while a liability takes money away.
The consulting model and the EP model. An extra 500 passive income will solve my cash flow issues. Thanks Pat. I will start and try to apply all your great advice.. I wish you nothing but the best!!!
Hey Israel! Thanks for the comment! You won the SPI pin giveaway for this video! Shoot an email to pat@smartpassiveincome.com and we’ll get you hooked up! 🙌🏼 For everyone else tuning in, be sure to subscribe to get notifications when new videos are posted!
I use some of the already, yt i am using now but the best one for me is kindle publishing! Comes slow but stead building and some day i‘ll live off passive income!
I am glad I came across your video I have been building passive income streams since high school but this has been a great refresher I have tried all three the rant was awesome seriousness plus comic the mint in the sofa was priceless The algorithms changing is a complete bummer when that happens
Pat - great advice as usual. How did you make the playback in the video? I've been trying to do the same thing and I can't get the chroma tool to work properly on Screenflow. Could you make a quick tutorial on some Screenflow tips you use to create your RUclips Channel?
First time i've caught any of your material Pat and i'm very impressed. Subscribed and looking forward to learning more and integrating your great wisdom. Thanks so much for this awesome info!
What is passive income? 1:16 1. The FP (Freelance to Product) Model 2:33 2. The AA (Audience and Advertising) Model 5:31 3. The EP (Expert to Product) Model 8:06
You... Pat Flynn... Are my go to, not only for passive income, but for everything else you are teaching by sharing your knowledge!!! And to you, I humbly say Thank You!!! ❤ #flynnforthewin
Thank you, Pat. Helpful video. EP is the best model for me. Combining my lived experiences with my education in several fields, I can crank out e-products as gifts while I build my audience.
It's my first time watching one of your videos but I really like how you don't make it sound effortless. To many people are scared to mention that something will take effort because our lazy generation will get scared away.
Just came over from Tim's channel, and subscribed! I'm excited to learn more from you. Seems like you really know what you're talking about. I'm a stay at home mom and an artist, and I've been working the grind for the last year trying to turn my art "hobby" into a decent income source. Honestly, I think I can use all 3 of those models. I'm already on RUclips and plan to get a blog started along side it, so once I get to a point where I've got enough of an audience for AA to work well, that's pretty much already in place. I'm starting to collect affiliate links, but I'm not big enough yet as an artist to really catch many companies' interests yet. I do have an affiliate link with an art supply store that ships world wide, though. And of course, FP. I'm trying to figure out what sort of visuals people want on products that I can then go produce designs and upload them to POD services.
Informative and entertaining! I enjoy listening to the SPI podcast and I’m loving the content you are putting out on RUclips! Thumbs up to you and your team!
This video is about the business models. If you'd like to see specific examples of different businesses I've created that use these models, here are 9 ways that I earn a passive income online, including income and what's working best: ruclips.net/video/dhgQc70ZV7Y/видео.html
Pat Flynn j
This was great, I been tryin to find out about "ways to start an online business" for a while now, and I think this has helped. Have you heard people talk about - Konameron Denamilla Rule - (do a search on google ) ? Ive heard some incredible things about it and my partner got excellent results with it.
hi guys, the best info that I have ever had was by using the Kevins App Oracle (just google it) - without a doubt the most incredible resource that I have ever seen.
Pat Flynn actually the e.p.model makes some sense because i am good at solving others problems,specially in education, social areas and mental areas.
Pat Flynn u r so cool. M struglling with financial...thank u.
The best way to make passive income is to teach others about making passive income
Sushant Aryal haha . 😂
I’m so glad people are catching on to this popular scheme. I still watch these in case someone gives some actual passive income advise.
I'm surprised no one caught on the sarcasm or talked about its possible harm. While it is humor, it will scare some people from Pat, those that have not yet heard that he has been and still is doing other passive income businesses of his own, many successful ones and some that failed. Those businesses are the reason for his relevance and authority to teach on the subject; lessons that will of course, justifiably, earn him more passive income.
I would say, the best way is to SELL a nice but empty dream ! Plp are emotional and will allways love to hear what they want, they will buy it, and life will take care on showing them the hard truth.
lol
FP = service-based freelance (to get started) to problem-solving product
AA = audience & advertising (affiliates, Adsense, sponsorships)
EP = expert (you can be an expert to someone else who knows just a little less than you do) to product (ebook, online course)
I’d love to hear Pat talk about print on demand & dropshipping businesses.
I would say there is another type of passive income from passive investments that go for high returns like BetterWayToTrade.com
Thanks for listing!
Well aren't you just wonderful.
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy Mary Liam
@rosiejones2079 You don't need to be shocked I'm also a huge beneficiary of her trading, she has been handling my account for months now
I remember starting this journey with half BTC but in 14 months I have made 17.8 BTC form days and swing trading with expert Mrs Lucy Mary Liam.
Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did
I met her in a conference in Washington DC and after her speech I was opportune to meet her and I started investing, I'm happy today because of expert Mrs Lucy Mary Liam
Despite the economic downturn I'm so happy I have been earning $25,000 returns from my $2,500 investment every 15 days.
Love the rant and being upfront with people about the hard work that goes into creating passive income. The EP model is what I'm going towards. Using RUclips as the starting platform and go from there. Great video Pat!
If someone wants the fast, magical way, then they are in the wrong place. The reality is that this stuff is hard. I want people to succeed, and I want to be the one to help them. Thanks for being here!
Winner of a video, I have been researching "passive income online store" for a while now, and I think this has helped. You ever tried - Qonmily Passive Formality - (Have a quick look on google cant remember the place now ) ? Ive heard some incredible things about it and my m8 got excellent success with it.
Great info. You guys can also go to *LIVENETJOBS. COM* if you're trying to make money online. This is what I've been doing and I'm happy with my results.
Really like that Pat emphasised the patience and time that is required to build passive income. Needs to be known right at the outset.
Xavi Hernandez really knows how to make money
Ahaahaha
If you`d like to gain more than 15k cash, hunt for *4NetJobs. Com* on Google in order to start your own online businesses. You should move now and discover everything you must learn. We have used various other models but nothing happened. However this plan is different as it works! All of the results it showed are good. What’s stopping you? Check it out today!.?
yh he really looks like him
Wouldn’t have gotten the reference if I wasn’t an og fifa player 😂😂😂
@@quochung334 scam
I like the idea of putting in hard work now to reap the benefits later. I never really liked the thought of feeling like you are forced to work 40+ hours a week for the rest of your life until you are an elderly person. I'm not averse to hard work at all but I just feel like you also need to enjoy your life and not let work fully define your entire life.
Not wanting to work 40+ hours a week for a tiny wage isn't not wanting to work. I love to be productive, and as a result I'd want to ensure that those 40 hours are spent as effectively as possible, which means producing my own income rather than being limited to these handouts.
40 hours a week? only 40 out of 168 hours that you have, you work only 40 hours? That's not the right path to success.
Sometimes the investment in time in the beginning may be slow and take years. The 40 hr/week jobs are what sustain you so you can build a sustainable business. This requires a high amount of discipline. Your objective is market share. You don’t care about dollars and cents yet.
@@NotShowingOff what does it require lol. Requires nothing. What is hard is to work 130 hours a week, including in this time daily workout and self development and trying to learn and improve at your craft. Forgetting rest on the weekend. This is hard. Working 40 hours a week even a dog can do it.
@isaiah Campbell hey how did it go looking back at it 8 months after?
I swear. You’re one of the most underrated entrepreneur you tubers. I’ve watched a couple of videos and it’s al great info.
Fist of all, that RANT METER is hilarious. That should be a FBLive/Insta/Snap filter.
I am building my brand in the EP model.
Great content as always. Thanks, Pat!!
If you're trying to make some cash here's how you can make an easy 300 dollars everyday (or even more): *LIVENETJOBS. COM* Hope this helps. “Start where you are, use what you have, do what you can.”
Finally, someone who is a leader in their field that gives easy to understand advice about how to do something. I, for one, will be breathing a sigh of relief for a long time.
EP model makes the most sense for me, Pat!! You know ..I've been watching a lot of similar videos on Affiliate Marketing .. and NONE of those made the simple sense that your's did! Subscribed!
Thanks Ross, I appreciate you!
I don’t know much about passive income but I can say for a fact, with pro aid you sure to get lucrative ends on expenditure on the trade market
How so because of
Recent I’ve put my capital into investing my self and it’s been futile
Truth be told the market is broad and complicated. A right manner of approach is need in profit making.
I’ve been cooperation with sir Morten and with him it’s been really profitable
Get to his page
hovikmorte. com
I’ve been a long time listener to the podcast. So glad to have found your RUclips channel as well. This is gold!
The first person on RUclips who talks about all of these Active and Passive incomes and sounds really really honest.. See im kinda like a psychologist type of guys and i recognized the honesty in u.. Keep it up man
What could be more lucrative than trading the online market. I’m making so much investing in it.
Alexander Rowan I also want to earn pls show me
How
It’s easy and complicated. Try working with am expert and genuine trader. You are sure to make profit. I bank with my trades with Alex sage and I’m always on the winning side
Commune on
james lewis I’m making a profit at good rate with mr Alex guiding me on my investments. I advise you reach out to him. He’s good at trading I tell you
He’s a good trader I always see good remarks about him
I like how on point the video is ( no 5min intro lol). Never thought about passive income but will definitely look into it. Good informative video
$500 a month passively, is 70-80% of my monthly expenses living in Medellin, Colombia
I make over 900 dollars/week online. If you want to learn how you can too then visit this site here: LoxCash.info
Cool.
I make $7.200 monthly
xtreme6492 7 dollars and 20 cents ?
Bro, you can literally get paid for testing apps on your phone, if you've got a smartphone just spend like 2 hours a day messing around with apps you can get between $10 to $50 in a couple of days.
Pat you never seem to disappoint. Since I am following you, you always overdeliver. I'm a freelance ux designer and am about to start to build my personal brand. I am aiming at the third model type:EP. Really pumped and excited to continue. Stay tuned!
Another great video. I like how you sell value over getting rich fast! That’s why I was drawn to your podcast, because you are not a sleazy salesman.
Thanks so much Corey, I appreciate you!
This was great, thanks, been searching for "creating residual income" for a while now, and I think this has helped. You ever tried - Qonmily Passive Formality - (should be on google have a look ) ? Ive heard some decent things about it and my brother in law got cool results with it.
This is just superb, I've been looking for "businesses that generate passive income" for a while now, and I think this has helped. Have you heard people talk about - Qonmily Passive Formality - (just google it ) ? Ive heard some awesome things about it and my work buddy got great success with it.
new supporter of your channel.Stay Connected
hope back frend.
Loved the video!
I'm into the EP model for a few months now and it's really nice and motivating to hear from someone that has had success doing exactly that, when so many people discourage you with negativity. Thanks man!
You got this!
Thanks Pat. Great video. You're absolutely right about the audience and advertising model. It takes time and doesn't guarantee a fast turn around. I think the EP model works well and it's not restricted to your core skills like the FP model. One can piggyback on other things out there too. I plan on turning on the passive income switch once I can find a full time job to keep things stable.
Great video! That's a nice fresh take on this topic: covering general ideas instead of listing particular money-generating activities like every other youtubers does.
Downloaded a couple of your podcasts about a year ago where you were speaking with industry professionals and now just stumbled across your RUclips channel, subscribed! For me I think the EP model makes more sense. Thanks for your very informative and honest views about passive income very helpful.
Thanks Pat. I'm working on the EP model and an extra $500 a month would allow me to outsource some of my heavy workload. I'm also aiming to be a B2B. As always, I appreciate you 👍
Glad to see someone finally admit it isn't easy and that it does take a LOT of work to build up viewers to even start to get click throughs - and there is a LOT of competition in this
This video was so good I pulled out my pen and paper and watched it again.
Straight to the point. No excuses. Anyone can do it, you just have to start.
Hey Pat, thank you for taking the time out to create a structured video of substance w/ real-life examples. You just gained a subscription from someone who cuts down on his subscriptions every month (not that I have many). I've been wondering how to get started with building different streams of passive income based on my knowledge, background, etc, and it never occurred to me that there were actual models to choose from. Much appreciated.
Thanks Sydney, that means a lot! Welcome to TeamFlynn! We’ve got a great community here to help you succeed 🙌🏼
Loved how Pat how emphasized time & patience! Learning a lot from this guy.
What a great no BS video Pat! We have been investing in real estate to build passive income for the past 10 years but as you pointed out it does take a fair bit of money to get going. Lately the real estate markets have been so crazy it is hard to buy something that makes sense so i have been looking for an alternative. Looks like I have found a mentor!
Mike
Thanks Mike! I’ve started to look to real estate for diversification too recently. I love all of the opportunities available for more passive income growth!
Agreed! We've also been investing in multi-family apartments for 10 years. Prices are going up, cash flow going down and we are 100% about cash flow (buy and hold!). Taking in all that I can on creating online opportunities. Good luck to you!
Pat. thank you for all of your insights and humorous, approachable teaching style! I'll take this opportunity to ask if you have a pain point in getting started in real estate investing? I have an investment analysis spreadsheet that I'd be happy to share. Feels like a crowded online space, trying to find a niche.
There are always market corrections
Based2G yes there are and we can't wait. There are also some emerging markets around the country that still make sense to buy in which we are looking at.
I still like the diversification Pat is teaching and I agree with Kathy above it does feel like a crowded online space and I too am trying to find a niche.
Mike
Thank you so much for sharing! You seem like one of the first ones who talks about this that I actually trust. No quick fixes like everyone is saying lately. The EP model makes most sense to me because I have been spending a lot of hours learning about creating a balanced lifestyle based on your habits to go after your goals because that is what I am currently doing. It started just for me but people started asking me questions so I really appreciate this video. An extra 500 pounds would mean so much for me! I would be able to invest more in my company and myself and family to grown
Thanks for the kind comments Eloise! Anyone who tells you this stuff is easy and happens overnight is just downright wrong - this stuff is possible, and absolutely life changing, yes, but it's hard and it takes work, and my job is to help dispel the myths, tell the truth and make it as easy as possible. I appreciate your kind words and support!
Pat Flynn Pat Flynn Yess I can really feel your energy and have a good feeling about it! I myself am in the health industry and am losing my mind over all the quick fixes. You are so right! You helped me see that I just need to keep on doing what I do and listen to my instinct! 🙌 Thankyou!
Dude. Brilliant. :) Had me laughing with the conversation with yourself, the rant bar, and "acronym abuse." Also loved the audio bars while featuring guest comments. Thank you for outlining these models. Gives me something to think about as I start my podcast. I wasn't aware of the clear delineations between these different approaches before you posted this!
Don't eat things you find in your couch!
Great video Pat. I have my own digital marketing agency so the FP model is where I’m starting at. I want to build passive income helping people drive more traffic to their website.
As always, the video is on top........
Got to meet you in Austin TX this past summer. Been following SPI a long time. Really cool that after already being wildly successful on other marketing channels you decided to push over to RUclips and expand your growth yet again!
8:44 DUDDE WTH HAHA , btw nice video mate !
I have 3 books I am releasing this spring, my passive income is on its way. Everything I know alot about, I am putting in short books for cheap, so I just collect passive income and don't hurt nobodies pockets.
The EP Model makes the most sense to me. It allows for the most freedom in your life - I am 59 years old, and heard of you through listening to Gary Vanerchuck's Audi Book, 'Crushing It'. Trading Time for Money is quite old..
Thanks Chris! You’re a young 59 you got this!
Love Gary V. What are you trying to sell online physical or info or software?
There are so many different ways to make passive income online. What most people do is to just list out as many ways as possible. But no one can actually categorize them into these 3 neat models. Thank you Pat for another awesome video :)
The EP model has proven to be the best model, especially in the RUclips channel universe. Video game streamers are a good example of this phenomenon. Podcast hosts use the AA model, but many have some expertise in some area.
Pat Flynn is a legend!!! I started selling on Amazon and absolutely killing it. Thank You Brother! Keep Inspiring!!
Congrats. How long did it take your AMZ business to start seeing profits?
These are helpful distinctions. I did in fact start my business on an FP foundation, but working toward a more non-time-for-dollar model.
Great video Pat! Sometimes the income sources that take the most work to become passive are the biggest money makers.
Thank you Pat, this is great! Love the tshirt~
EP model is what I'm aiming at. Extra income generated will go towards buying a house.
Thank you Sandy! 🙌🏼
A great video, Pat - thank you! You summarise it simply yet effectively 💛
Pat, I honestly praise God for you. I couldn't do what I'm doing w/o the quality info you share. You are making a difference in my family's life
I appreciate you! 🙏🏼
Can you show me how your making passive income if you currently are?
Awesome insights, Pat! I chose Affiliate Marketing because I found it interesting and the opportunities to earn are endless. It's fun and exciting.
You’ve opened my eyes.
Thanks brother!:)
I'm going with the EP model, thanks for the quick rundown.... the extra cash each month could help with with alternative health treatment that I currently can't access as well as starting to build an actual savings. Always love your no bs approach Pat.
I just love you Pat! Thanks for always being so genuine and helpful
I appreciate you!
Thanks a bunch for putting out very informational videos like this. I usually dislike "entrepreneur" types and have hopped from website to website trying to find someone that isn't just selling you pure lip service. I bet a lot of them are trying to hold back on as much info as possible to try to get you to buy their books, but you can't tell most times if its that or they dont know what theyre talking about at all. Good job proving to us you're an "expert" as you phrased it, I think that you that giving your audience stuff like this will earn you more than lose.
Ha! love the Rant loading bar! Fun and creative visual element to break up the static shot.
Thanks for the SPI tips.
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Love your honesty. I tell my wife this all the time, she has her own little business selling jewelry
Wow, you're the man, Pat. Glad I found you.
Thanks Jordan! 🙌🏼
I'm enjoying your "lives" which I recently discovered. Now I'm doing some homework; gathering some background. I'm not an entrepreneur but an older woman with a thirst for learning, took a right turn onto RUclips Avenue and now considering whether I can make some money by doing what I've been doing for free because I'm passionate about it. Thanks for sharing your gift with me via RUclips.
The EP model would work best for me. An extra $500 a month would help pay off these student loans
Karl Baker if your interested check out this lonk
nice lonk.
@@tiffanynthoki2421 scam
Wow, I really appreciated this video. The third model’s title previously made me hesitant, so I am grateful to hear your breakdown of what it really means. I would often think to myself “how could I ever advertise myself as an expert when I do not have decades of experience or degrees in ‘said’ field?”
Then, I would notice how even celebrities would switch you their careers or become involved in other arenas that they, too, were never considered “experts” in yet make a lot of money off of those business deals lol. Thanks again for sharing this!
Great video - such clarity and value - thank you, Pat. 😀😀
I am from Toni Scott's page. Nice to meet you😊💙
Thanks for the info! I’m going to do the Expert module thanks again!
OMG I don't know if you ever will read this, but yesterday I saw this video I thought cool story, really useful info. Then I kept looking for info and started to listen the audiobook"Crushing it" from Gary, and right now I'm listening to your story....god this is AMAZING!!!!!
It is indeed very advisable to set yourself that passive income streamline. I’ve been able to create a steady passive income flow trading the stock market courtesy of the brokerage services provided by Mr Leon Marceli
sounds like an amazing journey👍🏻
Jafar Khan
It’s been hella amazing you’ve got no idea
Stock is perfect they say it isn’t so the market makers can have all the advantage this asset has to offer
Lucas Ducote the stock market hasn’t really been fair to me trading on my own, currently on the verge of giving up but i think i will give it a last shot with your broker. How do i work with him please?
Gary R.
Sadly that’s a fact, people seem to ignore the obvious treasures and move along with the crowd instead
Thanks for all the great info. The business model that makes the most sense for me is The EP model.
I love you Pat Flynn! You’re so honest and I’ve been listening to you for years!
I appreciate you! 🙏🏼
Great video! Thanks for keeping it so real! Subscribed!!
Will have to check it out. Thank you for the info!
Thanks so much for checking out the vid! 🙏🏼
Great video Pat. I really enjoy the style of your videos. Very calm and no BS.
You just got a new sub, thanks for the time you spent on this subject 🙂
Thank YOU! 🙌🏼
certainly something that a lot of people should do. How nice it is to just make money without you doing anything. Thank you very much for this great content!
how many hours took it to writte that book? and what was the ROI on those workhours?
Really informative and down to earth video.You really seem to be genuinely offering genuine advice.
You are the real deal. And funny too. Thanks for sharing your wisdom.
Thanks Belinda! 🙏
Belinda Del Pesco hiii
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You call this funny? Damn some people have no taste whatsoever.
I've been listening to your podcasts for a little while now and am ready to get started on my own path of passive income! Out of the three business models you stated I personally liked the EP Model the best. But I am going to try to use a hybrid of the AA Model and turning that into the EP Model. Awesome video, awesome Podcast!!!
Thank you Travis! You got this!
The rich invest in assets while the poor invest in liabilities, it sounds so simple but the thing is, most people can't differentiate between an asset and a liability.
let me break it down for you, an asset brings money to your pocket while a liability take money way from you, Yes anything, i repeat anything that doesn't add money to your pocket is a liability.
The key to wealth is investing, but the rich invest in assets while the poor invest in liabilities, the problem now is people don't know the difference between an asset and a liability, just as simple as it sounds an assets brings in money while a liability takes money away.
I love your presentation. Clear. Sounds genuine and honest. Myself...the EP model ressonates most.
The consulting model and the EP model. An extra 500 passive income will solve my cash flow issues. Thanks Pat. I will start and try to apply all your great advice.. I wish you nothing but the best!!!
Hey Israel! Thanks for the comment! You won the SPI pin giveaway for this video! Shoot an email to pat@smartpassiveincome.com and we’ll get you hooked up! 🙌🏼
For everyone else tuning in, be sure to subscribe to get notifications when new videos are posted!
Expert to product fits me. Fitness and technical oriented.
Nice chuck! What kind of fitness are you into?
Pat Flynn practical circuit training and practical self defense.
Great video, Pat! Thanks for the insight on building SPI!
Bloody great video..thank you so much for being so honest..
Thanks Pat! This is what a lot of people need to know and start seriously building for the long haul.
I use some of the already, yt i am using now but the best one for me is kindle publishing! Comes slow but stead building and some day i‘ll live off passive income!
Passive Income Dude Isn't their too much competition?
Aristoteles alot dude but i wrote a book and made around $300 in a year. Is not much but i take it. Only 40 pages. Also have yt videos
Passive Income Dude I am going to write some books aswell will see how it goes. Did you advertise it somewhere?
nice man go for it! nope never advertised anywhere
Keep the helpful prospering content coming Pat. I enjoy a nice passive income model myself, with all of my travels.
Ha! Love the rant bar.
Thanks for the thought-material! My son turned me on to this video, so thanks to him, as well. (You know who you are, Number 1.)
Great video! Earned a new sub :-)
Thanks Nicholas!
I am glad I came across your video
I have been building passive income streams since high school but this has been a great refresher
I have tried all three the rant was awesome seriousness plus comic the mint in the sofa was priceless
The algorithms changing is a complete bummer when that happens
Pat - great advice as usual. How did you make the playback in the video? I've been trying to do the same thing and I can't get the chroma tool to work properly on Screenflow. Could you make a quick tutorial on some Screenflow tips you use to create your RUclips Channel?
Hey Phil! I'll see what I can do to get a podcast playbacks tutorial up. Is that what you mean? The podcast stuff with the wav files?
First time i've caught any of your material Pat and i'm very impressed. Subscribed and looking forward to learning more and integrating your great wisdom. Thanks so much for this awesome info!
What is passive income? 1:16
1. The FP (Freelance to Product) Model 2:33
2. The AA (Audience and Advertising) Model 5:31
3. The EP (Expert to Product) Model 8:06
Thanks man
Hero
The EP model sounds like the best model for me to follow. Thanks for this video, Pat. As usual, very useful and well-done.
You... Pat Flynn...
Are my go to, not only for passive income, but for everything else you are teaching by sharing your knowledge!!! And to you, I humbly say Thank You!!! ❤
#flynnforthewin
Thank you so much Pat! Loving your content. Keep it up!
5:30 The AA model..I had a very strong impulse to say AA-ron.. in the substitute teach voice. Thanks Pat for loads of benefit. Subbed/Liked/Notify
Thank you, Pat. Helpful video. EP is the best model for me. Combining my lived experiences with my education in several fields, I can crank out e-products as gifts while I build my audience.
It's my first time watching one of your videos but I really like how you don't make it sound effortless. To many people are scared to mention that something will take effort because our lazy generation will get scared away.
Great video!! I am definitely EP! Love it!
Just came over from Tim's channel, and subscribed! I'm excited to learn more from you. Seems like you really know what you're talking about. I'm a stay at home mom and an artist, and I've been working the grind for the last year trying to turn my art "hobby" into a decent income source. Honestly, I think I can use all 3 of those models. I'm already on RUclips and plan to get a blog started along side it, so once I get to a point where I've got enough of an audience for AA to work well, that's pretty much already in place. I'm starting to collect affiliate links, but I'm not big enough yet as an artist to really catch many companies' interests yet. I do have an affiliate link with an art supply store that ships world wide, though. And of course, FP. I'm trying to figure out what sort of visuals people want on products that I can then go produce designs and upload them to POD services.
"Expert Enough" -- Such a relief! Thanks for the video Pat
Informative and entertaining! I enjoy listening to the SPI podcast and I’m loving the content you are putting out on RUclips! Thumbs up to you and your team!