How Pat Flynn Built A Six Figure Smart Passive Income Business
The SPI blog empowers its community members to take action toward achieving their financial goals by providing best-in-class educational content and training experiences.
About The The Smart Passive Income Blog Founder
Who is Pat Flynn?
Pat Flynn is the founder and CEO of Smart Passive Income, a community blog that teaches people how to make passive income. Pat is a serial entrepreneur and startup advisor.
Before embarking on his entrepreneurship journey, he was a Job Captain at MBH Architects. He was fired from his previous role, which led him to start his own business. Pat also serves as a strategic advisor at ConvertKit, Circle, Superfast, Elective, and SamCart. He holds a Bachelor of Arts degree from the University of California, Berkeley.
About The Business
What problem is The Smart Passive Income Blog solving?
People are leaving traditional 9-5 jobs in favor of online businesses that generate passive income. They are seeking guidance on how and where to start.
Idea
How did Pat Flynn get the idea for The Smart Passive Income Blog?
Pat started the Smart Passive Income blog after being laid off from his architecture job in 2008. He created a website to help people pass the LEED exam, which unexpectedly attracted thousands of visitors daily. Encouraged by positive feedback and initial ebook sales, he launched Smart Passive Income to share his entrepreneurial journey and insights.
That first month, I made $7,008.55. That was just life-changing for me. I was so excited I wanted to share how it all happened and what I had learned, so I created SmartPassiveIncome.com that same month. β Pat Flynn (Source)
Build
How did Pat Flynn build the initial version of The Smart Passive Income Blog?
Pat set up his WordPress blog and started designing logos and fancy backgrounds using Photoshop. He then started posting articles sharing his success tips and even updates of his growing income.
Growth
What is the growth strategy for The Smart Passive Income Blog?
Flynn's marketing channels include:
- Podcasting: He launched a podcast, which grew to be the number one way people learn about him.
- YouTube: Flynn uses YouTube as a way for people to discover his work.
- Email marketing: Flynn uses email marketing as a marketing channel.
One of Patβs initial YouTube Videos
Similar Ideas
Discover similar business ideas like The Smart Passive Income Blog:
Financial media company MarketBeat, founded by Matt Paulson, provides objective financial information and real-time market data to empower individual stock investors to make better trading decisions, generating approximately $8 million in revenue in 2019 and ending the year with over 1.3 million unique email subscribers due to a freemium model with 75% of revenue from advertising and 25% from subscriptions.
Ticker Nerd is a monthly subscription service for investors that surfaces and analyzes trending stocks before the hype train arrives, and now has $4.5k in monthly recurring revenue from its newsletter without spending a single dollar on advertising, having validated the business via subreddits and organic Product Hunt launch strategy.
More about The Smart Passive Income Blog
Who is the owner of The Smart Passive Income Blog?
Pat Flynn is the founder of The Smart Passive Income Blog.
When did Pat Flynn start The Smart Passive Income Blog?
2008
What is Pat Flynn's net worth?
Pat Flynn's business makes an average of $125K/month.
How much money has Pat Flynn made from The Smart Passive Income Blog?
Pat Flynn started the business in 2008, and currently makes an average of $1.5M/year.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
