How to Earn Passive Income Online (3 Legit Models From $5 Million Entrepreneur)

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  • Опубликовано: 30 июл 2024
  • Today I'm going to show you how to make passive income online. I'll be showing you 3 different business models that you can choose from to start with so that you can build a business that works for you.
    If you'd like to see specific examples from several different businesses that I own, here are 9 ways that I earn passive income online: • 9 Ways I Earn Passive ...
    With that said, please read on for some really important information about this desire we all have to earn passive income, because there's a lot of information about it online, and not all of it is true.
    There are several different definitions of passive income. I'm aware of the traditional definition, such as earnings derived from a rental property, but there's a better way that I have years of experience with and have also taught tens of thousands of others to do.
    It involves 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 invest our time upfront to create assets in the form of an online business that can continually pay us back later.
    There are several different ways to achieve this, and the 3 models I share in this video will give you an idea of how you might approach an online business that works for you.
    COMMON QUESTION #1: Does generating passive income mean you don't have to put in any work to earn money?
    No. Not at all. Creating various passive income streams takes time and a lot of hard work. It's about building a real business that solves a problem, and creating systems, or hiring people such that it can be run on auto-pilot.
    COMMON QUESTION #2: Can you create a passive income stream that requires zero upkeep or attention that will pay you back forever.
    No. All passive income streams, even traditional ones, require some form of upkeep and maintenance. Real estate portfolios and market investments cannot (correction - shouldn't) be walked away from forever, and neither should any type of online business.
    With that said, however, online businesses can be fashioned in a way so that you can walk away from it for a while and it can still continue to run. An online business is a storefront that is open 24 hours a day, 7 days a week (even on holidays), and much more than real estate or market investments, building an online business gives you a lower barrier to entry, as well as a lot more potential upside.
    Just think - how much would an extra $1000 per month help you? Imagine how much it would cost to invest to obtain an additional $1k per month in tradition forms of passive income, while building a business online is much more achievable.
    Let's do some math to give you some perspective:
    Imagine you sell a $25 product. You only have to sell 40 of them, per month, to earn an additional $1000/month.
    Imagine you sell a membership into your program for $25 a month. You only need 40 members to generate an additional $1000/month. But then the next month, you obtain an additional 40 members who also pay you $25/month. Now you're making $2k per month.
    The most important thing, however, is that whatever product or business you create, that it helps solve a problem. All good businesses solve a problem in some way, shape, or form, so make sure you watch the video to learn exactly how you can approach building a business online of your own.
    Links mentioned in this video:
    SPI Podcast Interview with Brian Casel: www.smartpassiveincome.com/ses...
    Tools I used to start selling my first product / ebook:
    www.gumroad.com
    Also watch 3 Passive Income Myths, BUSTED: • The TRUTH About Passiv...
    =-=-=-=
    Subscribe to this RUclips channel:
    ruclips.net/user/subscription_c...
    =-=-=-=
    Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:
    www.smartpassiveincome.com/pas...
    ~-~~-~~~-~~-~
    New and updated: "Podcast Marketing in 2020 (Top 5 Podcasting Tips that Get More Downloads and Subscribers)"
    • Podcast Marketing (Top...
    ~-~~-~~~-~~-~
    Are you a RUclipsr? Then check out Tubebuddy, my favorite RUclips add-on that helps me do keyword research, rank higher in search results, get more views, and gain more subscribers. Sign-up for a 30 Day Free Trial of TubeBuddy here: www.tubebuddy.com/freetrial?a...

Комментарии • 1 тыс.

  • @patflynn
    @patflynn  6 лет назад +69

    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

    • @alexblomhage4470
      @alexblomhage4470 6 лет назад

      Pat Flynn j

    • @alex-ip1er
      @alex-ip1er 6 лет назад

      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.

    • @alexvidu4517
      @alexvidu4517 6 лет назад

      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.

    • @shubhamsirauthiya3039
      @shubhamsirauthiya3039 6 лет назад

      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.

    • @qarulxira8697
      @qarulxira8697 5 лет назад

      Pat Flynn u r so cool. M struglling with financial...thank u.

  • @hamlucas2467
    @hamlucas2467 Год назад +227

    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
      @rosiejones2079 Год назад

      Wow I'm just shocked someone mentioned expert Mrs Lucy Mary Liam I thought I'm the only one trading with her

    • @macdenise3203
      @macdenise3203 Год назад

      @@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

    • @garbaumar
      @garbaumar Год назад

      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.

    • @AbbyWambach2344
      @AbbyWambach2344 Год назад

      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

    • @jordanmorris9663
      @jordanmorris9663 Год назад

      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

  • @sushantaryal4774
    @sushantaryal4774 5 лет назад +553

    The best way to make passive income is to teach others about making passive income

    • @raulgolfs
      @raulgolfs 5 лет назад +4

      Sushant Aryal haha . 😂

    • @mauriciogonzalez6302
      @mauriciogonzalez6302 5 лет назад +25

      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.

    • @hopemokaya
      @hopemokaya 5 лет назад +9

      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.

    • @marciobranco6192
      @marciobranco6192 5 лет назад +4

      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.

    • @askchrishetrades
      @askchrishetrades 5 лет назад +2

      lol

  • @TruFinancials
    @TruFinancials 6 лет назад +107

    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!

    • @patflynn
      @patflynn  6 лет назад +14

      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!

    • @ds-nb4ln
      @ds-nb4ln 6 лет назад

      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.

    • @pasiajohn9091
      @pasiajohn9091 5 лет назад

      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.

  • @angeliqueroux3017
    @angeliqueroux3017 5 лет назад +130

    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.

    • @stevenclark1123
      @stevenclark1123 5 лет назад +1

      I would say there is another type of passive income from passive investments that go for high returns like BetterWayToTrade.com

    • @simi6153
      @simi6153 4 года назад +1

      Thanks for listing!

    • @gemani1992
      @gemani1992 4 года назад +1

      Well aren't you just wonderful.

  • @writersdetectiveschool
    @writersdetectiveschool 6 лет назад +43

    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!!

    • @kauc5020
      @kauc5020 5 лет назад

      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.”

  • @JoseMartinez-uq9vj
    @JoseMartinez-uq9vj 6 лет назад +249

    Xavi Hernandez really knows how to make money

    • @JM-uy3xq
      @JM-uy3xq 5 лет назад +3

      Ahaahaha

    • @quochung334
      @quochung334 5 лет назад

      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!.?

    • @elliotjohnson7944
      @elliotjohnson7944 5 лет назад

      yh he really looks like him

    • @jawhi
      @jawhi 5 лет назад +1

      Wouldn’t have gotten the reference if I wasn’t an og fifa player 😂😂😂

    • @chrisc9073
      @chrisc9073 5 лет назад +3

      @@quochung334 scam

  • @nilssmith-yt
    @nilssmith-yt 6 лет назад +3

    I’ve been a long time listener to the podcast. So glad to have found your RUclips channel as well. This is gold!

  • @isaiahcampbell3992
    @isaiahcampbell3992 6 лет назад +132

    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.

    • @emperorstevee
      @emperorstevee 6 лет назад +14

      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.

    • @ismailel-zein907
      @ismailel-zein907 6 лет назад +1

      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.

    • @NotShowingOff
      @NotShowingOff 5 лет назад +1

      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.

    • @ismailel-zein907
      @ismailel-zein907 5 лет назад

      @@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.

    • @user-lk1ky1hx5r
      @user-lk1ky1hx5r 5 лет назад

      @isaiah Campbell hey how did it go looking back at it 8 months after?

  • @CoreysCave
    @CoreysCave 6 лет назад +119

    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.

    • @patflynn
      @patflynn  6 лет назад +1

      Thanks so much Corey, I appreciate you!

    • @Ta-Tchou
      @Ta-Tchou 6 лет назад +1

      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.

    • @grigoretiberiu1842
      @grigoretiberiu1842 6 лет назад

      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.

    • @smarthome6070
      @smarthome6070 5 лет назад

      new supporter of your channel.Stay Connected
      hope back frend.

  • @ahmerkhan
    @ahmerkhan 6 лет назад +6

    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.

  • @focusedgamedev
    @focusedgamedev 6 лет назад +9

    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.

  • @drewfwest
    @drewfwest 6 лет назад +15

    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!

  • @MereMortalsBookReviews
    @MereMortalsBookReviews 4 года назад +3

    Really like that Pat emphasised the patience and time that is required to build passive income. Needs to be known right at the outset.

  • @SueFerreira75
    @SueFerreira75 6 лет назад +4

    Great video - such clarity and value - thank you, Pat. 😀😀

  • @Cube_Ernator1077
    @Cube_Ernator1077 6 лет назад +4

    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!

    • @patflynn
      @patflynn  6 лет назад

      Thanks Ross, I appreciate you!

  • @JBreply
    @JBreply 6 лет назад +1

    The EP model sounds like the best model for me to follow. Thanks for this video, Pat. As usual, very useful and well-done.

  • @alexanderrowan5723
    @alexanderrowan5723 4 года назад +33

    What could be more lucrative than trading the online market. I’m making so much investing in it.

    • @lewuesonjamie5657
      @lewuesonjamie5657 4 года назад +9

      Alexander Rowan I also want to earn pls show me
      How

    • @alexanderrowan5723
      @alexanderrowan5723 4 года назад +6

      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

    • @alexanderrowan5723
      @alexanderrowan5723 4 года назад +4

      Commune on

    • @maxinehenriq6438
      @maxinehenriq6438 4 года назад +8

      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

    • @lateefasimpson4377
      @lateefasimpson4377 4 года назад +5

      He’s a good trader I always see good remarks about him

  • @joceylingranada9115
    @joceylingranada9115 3 года назад +8

    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

    • @diegoa3991
      @diegoa3991 3 года назад +2

      How so because of
      Recent I’ve put my capital into investing my self and it’s been futile

    • @joceylingranada9115
      @joceylingranada9115 3 года назад

      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

  • @JennaGetsCreative
    @JennaGetsCreative 5 лет назад

    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.

  • @AlbertAldridgeAAFitness
    @AlbertAldridgeAAFitness 6 лет назад +4

    thank you for this video Pat!

  • @DanNortonProduction
    @DanNortonProduction 6 лет назад +16

    Ha! love the Rant loading bar! Fun and creative visual element to break up the static shot.
    Thanks for the SPI tips.

    • @phuongbabiephuongbabia
      @phuongbabiephuongbabia 5 лет назад

      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.?

  • @work4dough
    @work4dough 6 лет назад +9

    You just got a new sub, thanks for the time you spent on this subject 🙂

    • @patflynn
      @patflynn  6 лет назад

      Thank YOU! 🙌🏼

  • @denilsonmoreira8667
    @denilsonmoreira8667 6 лет назад +4

    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!

  • @ShoshanahShear
    @ShoshanahShear 6 лет назад +2

    Thanks Pat. This is exactly what I needed. I was trying to figure out whether to concentrate on freelancing or passive income. Thanks for answering this.
    Another excellent video :)

  • @cleanseclub
    @cleanseclub 6 лет назад +6

    I just love you Pat! Thanks for always being so genuine and helpful

  • @SydneyLevy20
    @SydneyLevy20 6 лет назад +11

    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.

    • @patflynn
      @patflynn  6 лет назад +2

      Thanks Sydney, that means a lot! Welcome to TeamFlynn! We’ve got a great community here to help you succeed 🙌🏼

  • @SalmaJafri
    @SalmaJafri 6 лет назад

    Those effects and b-roll were hilarious! Especially loved the rant meter, did something similar with a rewind effect (looking back at 2017) on one of my videos. All those cutaways are great for audience retention. Oh yeah, and the passive income advice is solid too haha.

  • @josephhogue
    @josephhogue 6 лет назад +1

    Great video Pat! Sometimes the income sources that take the most work to become passive are the biggest money makers.

  • @TheGolden90s
    @TheGolden90s 6 лет назад +93

    $500 a month passively, is 70-80% of my monthly expenses living in Medellin, Colombia

    • @katysmith1641
      @katysmith1641 6 лет назад

      I make over 900 dollars/week online. If you want to learn how you can too then visit this site here: LoxCash.info

    • @erenereneren
      @erenereneren 6 лет назад

      Cool.

    • @Kevinproducciones2
      @Kevinproducciones2 6 лет назад +5

      I make $7.200 monthly

    • @quarantinelife.
      @quarantinelife. 6 лет назад +32

      xtreme6492 7 dollars and 20 cents ?

    • @erikzz9
      @erikzz9 5 лет назад +2

      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.

  • @denisesmithinteriordesign1406
    @denisesmithinteriordesign1406 6 лет назад +5

    Bloody great video..thank you so much for being so honest..

  • @ZakiyaAlake
    @ZakiyaAlake 6 лет назад +1

    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.

  • @beprimo7140
    @beprimo7140 6 лет назад +1

    Thanks Pat! This is what a lot of people need to know and start seriously building for the long haul.

  • @MoosesWorkshop
    @MoosesWorkshop 6 лет назад +4

    Will have to check it out. Thank you for the info!

    • @patflynn
      @patflynn  6 лет назад +1

      Thanks so much for checking out the vid! 🙏🏼

  • @Seelenverheizer
    @Seelenverheizer 6 лет назад +5

    how many hours took it to writte that book? and what was the ROI on those workhours?

  • @FinallyFreelancing
    @FinallyFreelancing 6 лет назад

    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!

  • @MarianVEsanu
    @MarianVEsanu 6 лет назад

    Hey Pat, awesome example man. It's great to see someone talking about affiliate marketing that can really stands behind the products and services he recommends. In my opinion, the EP model is the best example, thanks for sharing that ;).

  • @YeshuaLivesInUandMe
    @YeshuaLivesInUandMe 5 лет назад +10

    Thanks for the info! I’m going to do the Expert module thanks again!

  • @lucasDUCOTE
    @lucasDUCOTE 4 года назад +23

    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

    • @Axelk8
      @Axelk8 4 года назад

      sounds like an amazing journey👍🏻

    • @lucasDUCOTE
      @lucasDUCOTE 4 года назад

      Jafar Khan
      It’s been hella amazing you’ve got no idea

    • @gustavor.2
      @gustavor.2 4 года назад +13

      Stock is perfect they say it isn’t so the market makers can have all the advantage this asset has to offer

    • @Josep61
      @Josep61 4 года назад

      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?

    • @lucasDUCOTE
      @lucasDUCOTE 4 года назад +3

      Gary R.
      Sadly that’s a fact, people seem to ignore the obvious treasures and move along with the crowd instead

  • @SheldonPayne
    @SheldonPayne 6 лет назад +1

    Great video Pat. I really enjoy the style of your videos. Very calm and no BS.

  • @braer240
    @braer240 4 года назад +1

    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.

  • @GreatRockRealEstateDenver
    @GreatRockRealEstateDenver 6 лет назад +41

    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

    • @patflynn
      @patflynn  6 лет назад +4

      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!

    • @kathyw9439
      @kathyw9439 6 лет назад

      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!

    • @kathyw9439
      @kathyw9439 6 лет назад

      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.

    • @BasedSM
      @BasedSM 6 лет назад

      There are always market corrections

    • @GreatRockRealEstateDenver
      @GreatRockRealEstateDenver 6 лет назад +1

      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

  • @torch378
    @torch378 5 лет назад +3

    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.

  • @MtnStrawn
    @MtnStrawn 6 лет назад +2

    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!!!

    • @patflynn
      @patflynn  6 лет назад

      Thank you Travis! You got this!

  • @chefkibby
    @chefkibby 6 лет назад

    Great 101 content. Pat!
    I see myself in the EP stream. I’ve always seen my audience as being local and in-person, so I’m excited to discover what value-added products I could offer to a wider online audience.

  • @highpapervibes
    @highpapervibes 6 лет назад +5

    Ha! Love the rant bar.

  • @Monoperty
    @Monoperty 6 лет назад +4

    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 👍

  • @SheafferSelect
    @SheafferSelect 6 лет назад +1

    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

  • @michaelskinner2789
    @michaelskinner2789 6 лет назад +2

    "Expert Enough" -- Such a relief! Thanks for the video Pat

  • @MrAdhito
    @MrAdhito 6 лет назад +8

    8:44 DUDDE WTH HAHA , btw nice video mate !

  • @phillichtenberger8112
    @phillichtenberger8112 6 лет назад +13

    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?

    • @patflynn
      @patflynn  6 лет назад +3

      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?

  • @brooks.conkle
    @brooks.conkle 5 лет назад

    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!

  • @DigitalStrom117
    @DigitalStrom117 6 лет назад +2

    Brilliant man, I loved your video, thanks. I like the 3rd option, which is AA

  • @Ergostudioprod
    @Ergostudioprod 5 лет назад +3

    This video was so good I pulled out my pen and paper and watched it again.

  • @kevinyancey1962
    @kevinyancey1962 6 лет назад +3

    You’ve opened my eyes.
    Thanks brother!:)

  • @BoeyBear
    @BoeyBear 5 лет назад

    A great video, Pat - thank you! You summarise it simply yet effectively 💛

  • @deloresjohnson3688
    @deloresjohnson3688 6 лет назад +3

    Hi pat Delores from Detroit ,Mi thanks very helpful information you have a new subscriber.☺ I think the EP Model is for me.

  • @EARNONLINEFROMDOLLARSADAY
    @EARNONLINEFROMDOLLARSADAY 5 лет назад +14

    As always, the video is on top........

  • @Xander_Holy_Field
    @Xander_Holy_Field 6 лет назад +3

    Thank you Pat, this is great! Love the tshirt~

    • @Xander_Holy_Field
      @Xander_Holy_Field 6 лет назад +1

      EP model is what I'm aiming at. Extra income generated will go towards buying a house.

    • @patflynn
      @patflynn  6 лет назад

      Thank you Sandy! 🙌🏼

  • @dakimuchi
    @dakimuchi 6 лет назад +3

    Great video, now you have made me a follower of your channel, great Job!

  • @shayanghafary6857
    @shayanghafary6857 6 лет назад +1

    Hey Pat, thanks for the video. And thank you for emphasizing that passive income takes hard work at first to achieve. Just by you saying that actually motivates me more. Cheers!

  • @leehrvyoswld
    @leehrvyoswld 6 лет назад +3

    Wow, you're the man, Pat. Glad I found you.

    • @patflynn
      @patflynn  6 лет назад +1

      Thanks Jordan! 🙌🏼

  • @ChrisJonesGaming
    @ChrisJonesGaming 6 лет назад +5

    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..

    • @patflynn
      @patflynn  6 лет назад +2

      Thanks Chris! You’re a young 59 you got this!

    • @benbayless4580
      @benbayless4580 6 лет назад +1

      Love Gary V. What are you trying to sell online physical or info or software?

  • @matthenderson3174
    @matthenderson3174 6 лет назад +1

    Another great video Pat! I started listening to you back in June 2017 and it is changing my life. I have created 2 new businesses and looking to get going on theEP model next. Thanks Pat!

  • @IbrahimHassan-vv7qb
    @IbrahimHassan-vv7qb 5 лет назад +2

    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

  • @PositiveInvesting
    @PositiveInvesting 6 лет назад +5

    Great video! Earned a new sub :-)

    • @patflynn
      @patflynn  6 лет назад +1

      Thanks Nicholas!

  • @JKBelle
    @JKBelle 6 лет назад +9

    I love you Pat Flynn! You’re so honest and I’ve been listening to you for years!

    • @patflynn
      @patflynn  6 лет назад +1

      I appreciate you! 🙏🏼

  • @ravisekharveenam3587
    @ravisekharveenam3587 6 лет назад

    Hey Pat, this is helps a lot for someone who is looking forward to enter into this space... especially in times of information overload...
    This video gave some clear idea about main biz models... would like to see more these type of videos where you declutter unnecessary info and give straight points to concentrate...
    For me I think FP model is good for starting...with this we will gain experience and grow audience...then we can even scale it to further more areas with EP model... because by this time we will have some authority and following, so we can recommend to others and earn affiliate commission.

  • @Sean_Twomey
    @Sean_Twomey 6 лет назад +1

    Hey Pat, great summary and explanation. How clear it all becomes after a decade of being in the trenches and figuring things out. Great seeing your videos on RUclips. I’ve also started putting out regular videos - recently wrapped up a 90 Day Video Challenge, which was a very powerful exercise in building momentum. Look forward to meeting you some day after being inspired by your great content for over a decade now. 😃

  • @bdelpesco
    @bdelpesco 6 лет назад +31

    You are the real deal. And funny too. Thanks for sharing your wisdom.

    • @patflynn
      @patflynn  6 лет назад +1

      Thanks Belinda! 🙏

    • @brandonfernandez4950
      @brandonfernandez4950 6 лет назад

      Belinda Del Pesco hiii

    • @phuongbabiephuongbabia
      @phuongbabiephuongbabia 5 лет назад

      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..?

    • @anonymous_4372
      @anonymous_4372 5 лет назад +1

      You call this funny? Damn some people have no taste whatsoever.

  • @servantrose
    @servantrose 6 лет назад +9

    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

    • @patflynn
      @patflynn  6 лет назад

      I appreciate you! 🙏🏼

    • @taisharichards2695
      @taisharichards2695 5 лет назад

      Can you show me how your making passive income if you currently are?

  • @UndercoverArchitect
    @UndercoverArchitect 6 лет назад +2

    Such valuable information Pat - thank you for sharing these models and breaking them down. Really excited to be implementing this more in my business. The EP model is the best fit for me, and it would seriously help me leverage my time and have more flexibility with my family. Also love the new format for "Ask Pat" podcast - so much gold in those episodes :) Thank you!!

  • @1emc
    @1emc 6 лет назад

    thanks Pat for the structured and realistic advice, I also like the comedic inserts that gives a little breather. I'm going for the AA model hoping to be able to buy a cup of coffee from it one day

  • @Champagnebabyyyyy
    @Champagnebabyyyyy 6 лет назад +3

    Your channel is great! SUCH helpful and valuable content especially for beginners like me, keep up the good work ! :)

  • @kbaker2023
    @kbaker2023 6 лет назад +27

    The EP model would work best for me. An extra $500 a month would help pay off these student loans

  • @wilhelmheyns4109
    @wilhelmheyns4109 6 лет назад

    Thank you so much Pat! Loving your content. Keep it up!

  • @aratakitheoneandoniitto
    @aratakitheoneandoniitto 6 лет назад

    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.

  • @passiveincomedude2164
    @passiveincomedude2164 6 лет назад +4

    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!

    • @aristoteles3843
      @aristoteles3843 6 лет назад +2

      Passive Income Dude Isn't their too much competition?

    • @passiveincomedude2164
      @passiveincomedude2164 6 лет назад +2

      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

    • @aristoteles3843
      @aristoteles3843 6 лет назад +1

      Passive Income Dude I am going to write some books aswell will see how it goes. Did you advertise it somewhere?

    • @passiveincomedude2164
      @passiveincomedude2164 6 лет назад +1

      nice man go for it! nope never advertised anywhere

  • @amindinfullbigc3863
    @amindinfullbigc3863 6 лет назад +4

    Expert to product fits me. Fitness and technical oriented.

    • @patflynn
      @patflynn  6 лет назад

      Nice chuck! What kind of fitness are you into?

    • @amindinfullbigc3863
      @amindinfullbigc3863 6 лет назад

      Pat Flynn practical circuit training and practical self defense.

  • @nadjaelfertasi9052
    @nadjaelfertasi9052 5 лет назад

    Thank you Pat!! I love your videos and they come at the right time in my life as I am setting up my own business. I liked the EP business model the most and you gave some great ideas!! Merci beaucoup!

  • @CathySirvatka
    @CathySirvatka 6 лет назад +1

    What a great summary of the different pathways to passive income!
    I find sometimes it’s difficult to get accepted to be an affiliate. I’m a web designer (so I guess I’m FA) and my niche has specific equipment needs. So I applied to a couple of companies that sell just the stuff they need. Though I followed all the rules (terms of use page, etc) I was turned down. Maybe not enough traffic yet?? It was disappointing.
    You encourage me to keep trying and working at growing my following!

  • @karolgarley
    @karolgarley 6 лет назад +5

    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

  • @ericforand6148
    @ericforand6148 4 года назад +4

    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.

    • @rachelbouchard9094
      @rachelbouchard9094 4 года назад

      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.

  • @Crazeski
    @Crazeski 6 лет назад

    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.

  • @buraks.4463
    @buraks.4463 6 лет назад +1

    Hey Pat, great content. Love u :) You mentioned the SPI podcast episode in the video. That'd be great if you had a link below for it.

  • @dylanchan8898
    @dylanchan8898 5 лет назад +33

    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

  • @gabcibertech
    @gabcibertech 5 лет назад +1

    Nice video Pat. I am thinking on doing the EP model of bussiness but have to know how to make that if I could for my channel or create another strategy.

  • @BloggingFromParadise
    @BloggingFromParadise 5 лет назад

    Keep the helpful prospering content coming Pat. I enjoy a nice passive income model myself, with all of my travels.

  • @JerryHuang
    @JerryHuang 6 лет назад

    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 :)

  • @MorganTyner
    @MorganTyner 6 лет назад +1

    Awesome video. Really appreciate how you broke everything down, and I am definitely going to refer to this as I continue to build my blogging coaching + consulting online business!✨

  • @iamsammichelle
    @iamsammichelle 6 лет назад +1

    EP makes most sense for me. Great video! Thanks x

  • @livingbariatric9300
    @livingbariatric9300 6 лет назад

    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.

  • @caramelqueen1
    @caramelqueen1 3 года назад

    I am from Toni Scott's page. Nice to meet you😊💙

  • @SawdustSisters
    @SawdustSisters 6 лет назад

    Great video, Pat. You never disappoint! I've doing AA for almost 3 years and not generating much. Need to switch to EP, stat! Thanks again.

  • @HardyCozen
    @HardyCozen 5 лет назад

    Great video, Pat! Thanks for the insight on building SPI!

  • @thefoodnutritionist1823
    @thefoodnutritionist1823 5 лет назад +2

    I already have a viable business but have not been using everything that I have to my advantage. Love all of the business models. This that I will start will AA. I will also put together an ebook. Thank you for your help and advice

  • @BestMovies21
    @BestMovies21 5 лет назад +1

    Great video.Thank you Pat for sharing this. Like!

  • @BlairOutLoud
    @BlairOutLoud 6 лет назад +1

    Great video. I like how you breakdown each model very specifically.

  • @ShariKaye
    @ShariKaye 6 лет назад

    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!

  • @gameprey1777
    @gameprey1777 5 лет назад +1

    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