13 December 2010 ~ 10 Comments

Smart Passive Income From Your Internet Business: Pat Flynn Interview – FA029.5

Audio Interviews

Turn Your Niche Site Into Passive Income

Pat Flynn became an Internet entrepreneur after being laid off from his architecture job, but thankfully he had been building an audience that was interested in passing an architecture certification exam.

In this interview, you’ll hear how Pat turned his study notes into a full-time income and then how he has grown into several other online businesses.  He talks about his niche sites, affiliate marketing and building iPhone apps.  This is an interview you don’t want to miss.

Check out his website and his podcast (Izzy and I enjoy both) over at The Smart Passive Income Blog.

Topics covered:

  • How to pick a niche with keyword research
  • How to create a niche website
  • Building iPhone apps
  • and most importantly, creating passive income from an online business

Enjoy your Foolish Adventure,

Izzy and Tim

You can also right-click on this link to save the file to your computer.

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  • http://www.4elementsofgame.com Brandon

    Great interview guys. I really like what Pat teaches.

  • http://www.smartpassiveincome.com Pat Flynn

    Thanks again for having me on the show guys! If any of your audience has any questions, I’ll be back here from time to time to answer them. Cheers!

  • http://FoolishAdventure.com Tim Conley

    I did have a question and posted it over on your site on your iPhone App article. Are you going to be moving into other app platforms such as iPad and Android?

    Check out Pat’s article on iPhone App Business Models: http://www.smartpassiveincome.com/iphone-app-business-models-paid-free/

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  • http://www.smartpassiveincome.com Pat Flynn

    Hey Tim – we’re really giving some serious thought to it, especially the android market because its still relatively young and much less competitive. We’re also talking about timing some apps for iPad when the next version comes out too. Lots of opportunities out there :)

  • http://www.whimfield.com Laura-jane

    Delicious!! My two favorite IM podcasters unite!! Great, great show guys!

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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://FoolishAdventure.com Tim Conley

    Winston,
    This comment would be better posted on Pat’s blog where he is more likely to see it. Maybe post it on one of his income report posts.

    I don’t doubt Pat is doing as he says and I don’t think a business that was built over several years is easy money.

    But again, I think this is a discussion you should try to strike up at Pat’s Smart Passive Income blog.