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The Side Hustle Show

285: The Passive Income Service Business

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 31 May 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

“I set up a big business just selling somebody else’s stuff,” Wes said. Wes runs TheSalesWhisperer.com and is the host of The Sales Podcast which started around the same time as The Side Hustle Show back in 2013. He’s an Air Force vet, a father of 7, and has built up an interesting side hustle that on the surface looks like a typical consulting business but is done in such a way that it’s set up to generate recurring passive income. Wes has been side hustling since the 90’s and started his online business around a decade ago. He saw an opportunity to become one of the first Infusionsoft resellers, a piece of software that not only streamlined his own business but offered attractive recurring affiliate commissions. Wes became one of the top earners in the world and was netting $15k a month in mostly passive income, all on the side from his primary consulting, speaking, and sales training practice. He’s adapted his strategies over the years and diversified his income streams but his business model stays similar to this day – scalable affiliate marketing with recurring passive income. Tune in to hear how Wes started generating passive income through affiliate marketing and how you may be able to use a similar strategy in your service business. Full Show Notes and PDF Highlight Reel: The Passive Income Service Business

Transcript

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0:00.0

Side Hustle Show 285. This is the passive income service business.

0:05.0

What's up, what's up, Nick?

0:09.0

Loper here, welcome to the Side Hustle Show because your 9 to 5 may make you a living but your 5 to 9 makes you alive.

0:16.0

Let's be real getting paid for the side hustle work you do is awesome. It's empowering

0:20.7

validating and maybe even a little bit addicting.

0:23.8

But what happens when the work is done?

0:26.0

You've got to go back and do more if you want to get paid again.

0:29.1

That's the biggest drawback to freelancing,

0:31.4

to coaching, consulting, those types of business models.

0:34.9

But my guest today has found a unique way to set up his service business, he's a sales

0:38.9

trainer, sales coach, marketing consultant type of guy for recurring passive income. The secret song coach marketing

0:43.4

passive income. The secret sauce is partnering with other services that are helpful to his

0:47.5

clients and joining their affiliate or reseller programs, many of which pay recurring

0:52.4

commissions.

0:53.4

There are dozens of software companies and other services

0:56.4

that offer this type of deal.

0:57.9

And in my guest's case,

0:59.5

he specializes in CRM software,

1:01.7

that's customer relationship management software like Infusion Soft, HubSpot,

1:06.0

Ent Report, stuff like that.

1:07.7

So I'm excited to introduce Wes Schaefer from the Sales Whisperer. com and the sales podcast.

1:13.7

Wes is an Air Force vet and a father of seven

...

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