124: Smart Passive Income with Pat Flynn

On this episode of Build Your Network, Host Travis Chappell interviews Pat Flynn, owner of several successful online businesses, blogger, keynote speaker, Wall Street Journal Best-Selling Author and host of the Smart Passive Income and Ask Pat podcasts.

Here’s what Travis and Pat discuss in this episode:

  • About Pat Flynn
    • His podcasts have earned a combined total of over 50 million downloads.
    • He’s excited about working on a Kickstarter campaign for an anniversary addition of his book.
  • Walk us through your journey.
    • He wanted to be an architect.
    • He graduated and then started working for a well-known architectural firm.
      • He was excelling and getting promoted.
      • He still got laid off from his job.
    • He started listening to a podcast called Internet Business Mastery.
    • He ended up building a website to share more information about the architectural exams.
    • He launched an ebook that made over $7,000 the first month.
    • He started to grow the business and now it’s just passive income.
    • He then started his Smart Passive Income platform.
    • How important was that first ebook for you?
      • It was everything.
      • He spent a lot of time worrying and trying to figure out what he was doing.
      • He did go back and look for a job but didn’t get hired.
      • He was offered a job from his former boss with lots of benefits and turned it down.
    • How do you overcome imposter syndrome?
      • It’s natural to feel it.
      • It might not ever go away fully.
      • It’s a check-in mechanism with yourself to know if what you’re doing is actually valuable.
    • When did you start seeing your content get a lot of traction?
      • When he started to ask his audience about what differentiated him and they said it was how his content is more personal.
      • His whole brand shifted to be more personal.
    • What is one of the worst opening lines someone’s given you and what are some ways to actually connect?
      • Someone tried to retie his tie.
      • He likes to here about when people used his content and got results.
      • Use a simple handshake and have respect for the person he’s currently speaking with.
    • How do you connect with people?
      • If ever possible, make a connection through someone you know.
    • Do you believe that what you know or who you know is more important, and why?
      • It’s who you know.
      • If you don’t have anyone to connect with your information is useless.
      • When you know someone, you get more access to their experiences.
    • How much value do you put to spending money on masterminds and coaching?
      • It’s extremely important, he does pay for a coach and he has two mentors.
      • Pat’s an introvert.
      • You have to ask yourself “what’s the worst that can happen.”

The Random Round:

  • What profession other than your own do you think it would be fun to attempt?
    • A professional esports player.
  • If you could sit on a park bench with anyone for an hour who would it be, and why?
    • Benjamin Franklin
    • He did so much to change education in the U.S.
  • How do you like to consume content?
    • It varies, all of them. Depends on what phase he’s in.
  • Give us a piece of content you’d recommend.
    • Sapiens by Yuval Noah Harari
  • Give us a glimpse of your morning routine
    • Drink a large glass of water with lemon
    • Get the heart going
    • Get some sun outside
    • Meditation and journaling
    • Make breakfast for kids
    • Read a bit
    • Take kids to school
    • Get to work
  • What is your go-to pump up song?
    • Better Now
  • What are you not very good at?
    • Tennis
  • What is something that makes you laugh?
    • My kids
  • What is one place where we can find you online?

Tweetable Quotes:

  • The people who don’t talk about business are the ones I want to help out the most.
  • Every single big moment in my life has been a result of who I know.
  • Every person you meet is a new opportunity that can change your life.

Resources Mentioned:

Buildyournetwork.com – Podcast website

BYN.media/fb – Facebook Group

Smartpassiveincome.com – Pat’s website

YouTube.com/patflynn – Pat’s YouTube channel

Sapiens book by Yuval Noah Harari

Muse App for meditation

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