meta_pixel
Tapesearch Logo
Log in
The Side Hustle Show

484: Turning a Service Business into a Passive Income Stream - Part 3

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 17 February 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

Today’s guest, Matt Bochnak of HowToMotorcycleRepair.com, is one of my favorite examples of how you can dedicate part of your week to generating time-leveraged income. This is Matt’s third time on The Side Hustle Show, and every time we speak he’s made huge leaps forward with his business. Matt first appeared on the show back in 2016 when he was making around $1,000 a month recording himself performing motorcycle repairs in his garage and selling digital products. When Matt appeared on the show for a second time in 2019 he was making $4,000-5,000 a month from a combination of digital product sales, YouTube ad income, affiliate commissions, Patreon, and sponsored content. As you’ll discover in this episode, Matt is now making almost $20,000 a month in revenue. He’s completely shut down the service side of his business, expanded into physical products, and more. Tune in to The Side Hustle Show interview to hear: how Matt’s business has changed since we last spoke in 2019 where the idea for a physical product came from and how he validated it the various revenue streams ringing the cash register for Matt right now Full Show Notes: Turning a Service Business into a Passive Income Stream - Part 3

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, what's up Nick Loper here welcome to this side hustle show because if you don't dedicate part of your week to generating time leveraged income.

0:09.0

It's not like that's just gonna magically happen for you one day today's guest is one of my favorite examples of someone who's done just that.

0:16.0

Starting out repairing motorcycles on the side in his garage, but turning that hours for dollars side hustle into something with a lot more scale back for his third round on the side hustle show Matt.

0:29.0

Boke knock from how to motorcycle repair.com welcome back to the show a neck how you doing thanks for having me back a third time that's that's awesome.

0:37.0

It's it's pretty rare air at this point you know you're one of the very few as memories are as I'm going back to when we first recorded 2016 you described.

0:46.0

Turning wrenches basically fixing bikes in the garage and that was accounting for about half the income, but the other half was coming from.

0:56.0

Digital product sales or kind of video downloads of like I've recorded myself you know doing these full engine rebuilds and you can buy them over here through gumroad.

1:05.0

The business at that time if I recall is doing around a thousand bucks a month if we fast forward to our most recent recording in 2019.

1:13.0

Business had grown for five X all of a sudden the hours for dollars the turning wrenches time was basically down to essentially zero the money at that time was coming from a combination of digital product sales.

1:27.0

YouTube added come affiliate commissions from the YouTube videos like hey here's the product that I'm using out let me link out to that.

1:34.0

We had some community supports some patreon support you had some sponsored content relationships you had a really diversified income stream.

1:43.0

But now we force past forward again to 20 22 it looks like that revenue has taken another four or five X jump.

1:51.0

And just catch us up what's going on since we since we left off.

1:55.0

Yeah so I don't actually do any service work anymore and I actually shut that site down that generates leads so that's completely out of the picture now.

2:05.0

For one and then I just kept marching forward with producing content on YouTube to hopefully generate more YouTube ad revenue.

2:14.0

And we talked about this last time was like well I was like if you if you stop fixing bikes where do you get content and you said well I go out and buy like project bikes stuff like that is that still the case.

2:24.0

Yeah so if I need something at this point I just go on by it and then I do what I need to do to it usually it increases in value because now I fixed this broken thing and then I can resell it.

2:37.0

Got you got you okay so it's just now the content is making you money in multiple different ways sure.

2:42.0

Yeah in addition I just kept trying to create products video tutorials that I can sell so I kept adding to my library so that those numbers have increased.

2:52.0

I designed my own physical product last year and I started selling that all over the world and that has been a real nice bump in revenue for sure.

3:02.0

Okay yeah we'll get into that so expanding the digital product inventory these are the you know makes and models of like how to you know step by step how to do a certain repair that that's kind of the.

3:14.0

Just of who this these digital downloads are for yeah exactly I mean they're very niche it's for a certain model certain repair job you know it applies to a segment of years you know a generation of bike.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Nick Loper, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nick Loper and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.