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And how owning that niche can help an entrepreneur build a larger empire
Pat Flynn’s success was in large part the result of the 2008 financial crisis. After losing his job as an architect, Flynn found a podcast with a man making six-digits a year teaching people how pass the “project management exam“.
That was his lightbulb moment.
Flynn, on his journey to become an architect, took many exams and began to blog about the multitude of tests he had taken. One successful product later (an e-book), Flynn discovered the immense possibilities of the internet to build a passive income stream.
Also Read: The Jay Kim Show: NYT-bestselling author Ramit Sethi on how to build real wealth
Naturally, people wanted to know how to build a passive income stream and Flynn was able to leverage this into an entire company called Smart Passive Income.
On this week’s episode of The Jay Kim Show, Flynn sits down to give tips and tricks for people who are thinking of venturing out on their own.
Show notes are below.
Links from Today’s Episode
- Follow Pat on Twitter and LinkedIn
- See Pat’s first online business at GreenExamAcademy.com
- Get started with your own passive income business at SmartPassiveIncome.com
- Learn how to validate your business idea with Pat’s new book: Will It Fly?
Detailed Show Notes
- (2:00) How the Great Recession of 2008 and a chance encounter with an online business podcast gave Pat his first winning idea
- (7:02) On being transparent with your audience
- (8:37) How Pat built up his blog audience from scratch
- (11:57) Why niching down is the fastest way to build authority
- (15:24) On the current state of online entrepreneurship
- (16:16) How to gain credibility in an increasingly noisy world
- (19:54) The truth about passive income
- (24:25) How Smart Passive Income can help you launch your passive income journey today
- (25:55) On what’s keeping Pat busy in 2017
- (27:56) Pat’s advice for anyone looking to build an online business
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