this is the traditional income model you work for a certain number of hours you get paid for those hours and if you stop working well you stop getting paid you're trading your time for money but what would it look like if you invested that time upfront and you continued to get paid over time from that initial work that you did well that would be amazing and that's exactly what I'm going to show you in this video my name is Pat Flynn and I've been an online entrepreneur since 2008 have started several businesses written books keynoted on stages advised companies now as well and in this video I'm going to be revealing specifically what each of these income streams you see on the screen right now are and how they're using this model to generate Revenue in fact just from 2023 alone with a total of 63 hours of work I was able to generate 237,000 or coaching um not for my invention the switch pod none of that in fact none of these products here that generated this Revenue are even my own products now if you're confused or a little bit skeptical before you light up the comment section I invite you to wait till the end because each of these income streams come with their own lesson and way that I was able to make this happen and any one of these strategies might be a GameChanger for you and I want to start by teaching you a very powerful formula that can be used as a basis for how you create content to support these things so it's this idea of of the freeway versus the headache freeway so what does that mean the freeway is you literally sharing how to do something completely free no tools required no payments required you're giving away the entire process right with so much information out there this is how information is often given already but you give the best version of the free way to do something and then you say okay if you want to do it that way great but if you want to do it faster and more conveniently here's the headache free way to do this case in point income stream number one I promote a product to my audience called descript because it helps podcasters and people who do video edit their podcast and video easy using Ai and this is my earnings for 20123 and you can see down below here $ 27,32 which is pretty amazing so how does this free versus headache freeway come into play here so I create free tutorials to help podcasters learn how to edit their show and as you can see I have a very popular Garage Band one I have one using audacity both free tools and in my very popular podcasting tutorial I share these videos and I also show how to edit again completely free the important points about doing this are as follows it's all free value there's no mention of any paid tools you don't want people to have to pay to do it the free way obviously and they're the best most in-depth tutorials so if you're creating free content on YouTube or blogs or podcasts make it the best tutorials you can can you're teaching people how to do something for free and that's great nobody could ever say hey you're just doing this for the money no because it's completely free and you want these to be great here are some of the comments that were coming in from those free tutorials you know I watched this several times finally got a little recording down that's awesome uh got scared I actually bought a course this is even better Pat's making things a lot easier amazing that's the kind of response you want from the free content that you create that literally reveals the entire process why do that so that you can offer now the headache free way to do something here are some videos specifically now about descript three in fact that did very well and what it does is it creates that jux position hey you can do this all for free here it's going to take you a lot of time and a lot of work or if you want to save some time and make it a lot more convenient for you well here's an affiliate link for this product that I use here's how awesome it is in real time each of these videos shows off descript they're the best most in-depth overview it's not about every button in what they do it's just like here's how convenient this can be right and really you want to focus on how much time is saved and each one includes an affiliate link and that's really important a lot of these companies that you already may be using might have an affiliate link or an affiliate program where when you promote and you help people kind of make that purchase decision you will get a commission from that company I mean check out some of the comments here from literally videos that were created Creed to generate revenue from affiliate commissions Grandma goody here says this has made a tremendous impact on my work dude you have no idea how many editing hours I've spent removing ums and Oz wow thank you so much for this holy crap I'm absolutely Blown Away how incredible is this tool is now I have the comment section selling this on my behalf which is pretty amazing right and by just creating some videos about this tool and a total of 4 hours of work and that work originated in 2022 it wasn't even done in 2023 I mean the payout speaks for itself right this is affiliate marketing and it's so powerful because you don't have to create these products yourself they already exist people are already buying them but it's up to you to create the best recommendations so make money by let's say creating the best recommendations create those videos that show p a person how much time they can save really demonstrate the power of it make money by creating the best recommendations for other Company products and you can win and all of this is a really good reason to have a website so you can create and manage your own campaigns just like this and also have them found on search engines too when it comes to building websites my go-to solution is hostinger. com the sponsor of this video they make it super easy to use and set up especially WordPress websites that can grow with you over time and are so easy to customize all you need to do is go to hostinger. com SPI and I recommend using the business plan because it unlocks certain tools like AI tools woard Commerce and their new hosting or Amazon affiliate plug-in which I just got access to and it is amazing because in just a couple clicks inside of your post you can search for and display the products that you want to promote as an affiliate just like that again go to hostinger.
com SPI and be sure to use the code SPI during checkout to save even more a big thank you to hostinger for sponsoring this video and supporting the channel and now let's move on to the next income stream let me show you another example in a space outside of cre and making money online now you might know that I have another YouTube channel in the Pokemon collection space and in a span of 3 years was able to get to nearly 200 million views and the estimated Revenue blurted out there I'm going to save that for another video I didn't want it to distract so make sure you subscribe so I can tell you more about that later but this channel which has nothing to do with making money I'm generating Revenue in the same kind of way income stream number two is for a binder company called vaultex and this is what I like to call the professional curator being a curator is often times more valuable than just being a Creator helping people filter all the noise out there to find exactly what they need so here's a video that was published on that channel called the correct way to store Pokemon cards in a binder and look at that 2. 9 million views which is amazing so again I'm not going to teach YouTube and thumbnails and all that stuff now if you want more of that info let me know in the comments but here's what you need to do one find a relatable problem two recommend the best solution three compare other solutions to that solution that you selected so there's some proof and why that's the case and four then you can partner with the company so of course in this video about storing your Pokemon cards I recommend a vaex binder and people are able to go through a link and I get a commission from volx as a result we have 9,624 but uh this is you know the equivalent of $12 to $133,000 which is pretty darn great for just a product that I recommend that I show people how to to use and why to use it in addition to their e-commerce affiliate earnings some people purchase these on Amazon so I get a commission from that as well you can see some affiliate commissions there for all this vaultex stuff here and you know they don't make quite as much but they definitely help out and over time I mean I'm still earning revenue from a one-time video and the few times I mention it after and the cool thing about affiliate marketing is in addition to the revenue that you can earn Sometimes some of these companies will want to partner with you and check this out this is a deep pocket monster which is my channel binder that we were able to work together on and I got paid additional revenue from the sales from this a little bit of time upfront to invest and a lot of more money coming in overtime as a result moving on to income Source number three convertkit convertkit is an email service provider that I've been an affiliate for for a while I'm also an adviser to the company but here what really helped Kickstart this was the idea of a challenge and this was actually something that started in 2016 and it was live launched and then has become automated and continues to generate Revenue over time with zero additional work just some work put in up front to make this happen so why does a challenge work really well well the challenge we did was the take the 100 emails challenge so imagine this actually let me give you the rundown of how this works and I'll give you a specific example so people sign up for a short and convenient challenge in this case to get 100 subscribers you don't want people to have to pay for anything you don't mention any products or tools people just do this for free again the free way to do something and then the headache free way to do something so people sign up for this the content in this little challenge is delivered and managed through an email drip sequence that was already pre-written and number three after success the product becomes the next step because think about it if I can help a person get to a 100 emails on their own they're going to need to do something with that and they're going to want to take it to the next to the next level great convertkit becomes the next logical step two and it doesn't even feel like selling at that point it's just the logical Next Step for people to take so here's how the challenge works just so you can get a rundown and perhaps create a framework of your own so this is a landing page and this is the uh landing page at 100. com people sign up for that and what happens is over the course of three days they get emails day one they get an email and it gives them basic instructions on how to get their first 10 subscribers something really light day two they get another email and this one is a little bit more more difficult and it kind of stretches them a little bit but they're still getting some results and then their day three email this is a 3-day 72-hour Challenge and this is all dripped right it's all pre-written ahead of time which is nice if you wanted to live launch this you can have it start on a certain date and end on a certain date but like I said you can automate this like we have since 2016 so this is day three and the magic happens on day four this is where your product recommendation goes and in this case it's an email service provider to help you take the emails you've already collected and to be able to send broadcast to be able to create autoresponder sequences of your own and all those good things that happen with email this is a very natural way to help people get a result and then to lead directly into a product that makes it a win for everybody it's a win for the company they're getting customers it's a win for your audience because they're getting the curated next step and they know exactly what product to use and they of course trust you because you've already helped them get a result and you're also getting a commission as well in addition to the challenge which the challenge was definitely the number one thing that has helped with that particular affiliate uh partnership um I had Nathan Barry the founder on the podcast to have him tell stories that helps build trust with the company because it's not my product but having him on the podcast hearing his voice hearing how he started the company his his vision for it uh really helped builds trust and this definitely helped convert people and of course I have YouTube videos to help promote and demonstrate how easy and convenient this is is to use as well and overall we can see the date range here 2023 convertkit alone had generated total commissions of about $115,000 and this is the Holy Grail because convertkit and a few other softwares do something that many other affiliate opportunities do not the Holy Grail of affiliate income is recurring meaning if a person comes in through my affiliate link for convertkit as long as they stay on for a certain period of time I mean different uh programs have different lengths of how long that'll go for um I'm continually getting a commission month month over month sometimes it might be a year sometimes it might be two depending on the company but it's not just a one-time thing for a lot of products which is pretty amazing so these things will stack on each other so if you get 100 people in this month I mean you can get another 100 people in the next month but now you have 200 people who are continually paying you a percentage of the overall price of what they paid for pretty amazing okay moving on to income stream number four and to set this up I want to share a web page for you on my personal website patf flim.
