SPI 854: The Truth About Passive Income
The Smart Passive Income Online Business and Blogging Podcast
Pat Flynn
4.8 • 3.8K Ratings
🗓️ 22 January 2025
⏱️ 40 minutes
🧾️ Download transcript
Summary
#854 Is passive income just a myth social media gurus like to spread? Many people misunderstand the path to success and financial freedom. The truth is that passive income is a realistic goal, but only as the very last step in your income generation process. There's nothing passive about building an online business as a beginner! That said, I want to share something to help you on your journey. In this episode, I'll let you in on the system I and thousands of other entrepreneurs have used to build legitimate online businesses. I'm talking about my SMART framework. Listen in on this session to hear all about it! This is the fastest way to go from idea to monetization. I'll cover selecting a niche and social media platform, building an audience and email list, launching a minimum viable product, and taking back your time. Tune in to access my structured approach to sustainable passive income! Show notes and more at SmartPassiveIncome.com/session854.
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Transcript
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| 0:00.0 | What does the future hold for business? Ask nine experts and you're going to get 10 answers, |
| 0:04.3 | bull market or bear market, inflation's up or down. Can someone please invent a crystal ball? |
| 0:09.3 | Until then, over 38,000 businesses have future-proofed their business with the NetSuite by |
| 0:14.0 | Oracle, the number one cloud ERP, bringing accounting financial management inventory HR all into one |
| 0:19.7 | fluid platform. |
| 0:24.4 | With one unified business management suite, there's one source of truth giving you the visibility and control that you need to make quick decisions. |
| 0:27.6 | With real-time insights and forecasting, you're peering into the future with actionable data. |
| 0:31.7 | When you're closing the books in days, not weeks, you're spending less time looking backwards |
| 0:35.0 | and more time on what's coming next. |
| 0:37.2 | Given the opportunity to do enterprise resource planning, NetSuite is what I would use. |
| 0:42.1 | Whether your company is earning millions or even hundreds of millions, |
| 0:44.9 | NetSuite helps you respond to immediate challenges and seize your biggest opportunities. |
| 0:49.5 | Speaking of opportunity, download this CFO's guide to AI and machine learning at netsuite.com slash |
| 0:54.7 | SPI. The guide is free to you at net suite.com slash SPI. NetSuite.com slash SPI. |
| 1:01.5 | You just realized your business needed to hire someone yesterday. How can you find amazing candidates fast? |
| 1:05.8 | Easy. Just use Indeed. When it comes to hiring, Indeed is all you need. Stop struggling to get your job posting on |
| 1:11.8 | other sites. Indeed, sponsored jobs help you stand out and hire fast. With sponsored jobs, |
| 1:17.0 | your post jumps to the top of the page for your relevant candidates so you can reach people |
| 1:20.2 | you want faster. And it makes a huge difference. According to Indeed data, sponsored jobs posted |
| 1:25.0 | directly on Indeed, have 45% more applications than non-sponsored |
| 1:28.5 | jobs. And one of the things I love about Indeed personally is that it makes it real, real easy |
| 1:33.1 | and real fast. And with job alert features, I can set up automated alerts to notify me when |
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