Interview: Pat Flynn on How to create Smart Passive Income for your business

Posted by Owen McGab Enaohwo

I am so excited because I was able to interview someone who I consider to be a mentor! I interviewed Pat Flynn and he shared his insight on what he has been able to accomplish so far to generate smart passive income to the tune of about $9K+ monthly (which he openly shares with his blog audience on a monthly basis – mind boggling! I mean he goes into detail about how much he makes each month and how he does it). The interview which I am about to share with you is all about how to generate passive income. This is an issue all small business owners face; the question is how can you create streams of income that work on autopilot? Let’s learn together.



Why you need to create Smart Passive Income for your business

In this interview Pat discussed:

  • Why an online business is one of the best means to create truly passive income
  • How to use deadlines and milestones to your advantage
  • How to Mindmap and draw out your entire business model
  • How to cultivate the mindset needed to create smart passive income
  • What realistic time frame to expect to get to smart passive income
  • How to invest the time upfront to create systems that work on autopilot
  • How to turn your knowledge and business expertise into a product that serves a need
  • Why you need to build several passive income streams
  • How to standout from your competitors
  • How to get your community to trust you and buy your products and/or service
  • When to automate processes and when to outsource

In his own word:

Every action you take must have a reason behind it. If you’re doing mundane work that won’t get you anywhere, what’s the point? Don’t just take action – take action that will advance yourself and your business.

Connect with Pat Flynn:


Pat is someone I have found to be genuine and teaches entrepreneurs how to create Smart Passive Income by being a resource and also someone who is willing to show you in detail how he does it!

On his website www.SmartPassiveIncome.com

On Twitter @PatFlynn

On Facebook www.FaceBook.com/smartpassiveincome

Questions for you:

  • Besides creating smart passive income online what other ways this be done?
  • Do you think that you can turn your business expertise into a product that meets a need? What have you done to find out that the need exists?

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  • Winston

    Dear Pat,
    I like your blog. There is a lot of good useful advice and information for free in it. However, I am a critical thinker and can’t help but be skeptical about a few things:

    - First, you seem to contradict yourself. In your 101 intro, you tell everyone that making passive income online is not easy, and that it requires a lot of hard work and time to build up, which is true. But then in your story, you say you made $8000 off one ebook during your first month attempt at this, and that in your first year, you made over $200,000, and now you make $30,000 a month. Isn’t that a direct contradiction? By your claims, you got rich quick easily, but you tell everyone that it takes a lot of time and hard work and is not easy.

    - I’ve been making money online for 3 years now, and I know many others who are doing it too. $8,000 in your first month is an extraordinary claim, not a realistic one, even if you are a super genius. It took me 3 years to build up enough traffic and reputation to make a little over $900 a month. And that was through hard work and content generation, not with any secret formula. Your sites do look great, and do have top rankings I see, but there are many sites out there that look great with web 2.0 graphics and nifty wordpress themes too, and they ain’t making shit. I still think your claims are extraordinary. But your fans seem to believe everything you say, like a Gospel preacher in a church, with no skepticism. Why is that?

    - What evidence is there to back your income claims? Why haven’t you posted screen shots of your Adsense report earnings, or of your monthly PayPal transactions? But even those are easy to fake. Anyone can download or save a webpage offline, and then manipulate the HTML in it to produce any numbers they want. On the internet, anyone can claim anything. Even in Amway and other MLM’s, lots of people making nothing are claiming to be doing well and pulling in thousands of dollars per month. It doesn’t mean it’s all true. Furthermore, if you really are making $30k a month, why are you always wearing cheap looking worn out t-shirts in every video interview you give?

    - In my experience, people who really are pulling in a lot of income do not like to draw public attention to it, unless they are celebrities. There are negative consequences to doing that. Especially if you are making a lot of money online, it is not in one’s best interest to publicize it, for it will draw bad people, and incite others to follow your business model and create copycat versions of your site, which could potentially jeopardize your income. No rational person would want to do that.

    - In addition, there is an old adage that says: “You cannot make a lot of money by telling people the truth”. I wonder if that applies here. Another witty quote says:

    “The men the American public admire most extravagantly are the most daring liars; the men they detest most violently are those who try to tell them the truth.” – H. L. Mencken

    So it makes sense to be skeptical here, doesn’t it?

    • http://www.HireYourVirtualAssistant.com Owen McGab Enaohwo

      Hi Winston @PatFlynn:twitter is a standup guy. He actually made a lot of mistakes on his journey to where he is now so please do not assume that he did it all overnight. Here is a link to his Income Reports (<<<— http://www.smartpassiveincome.com/my-income-reports/) that he shares on his blog every month.