How Pat Flynn Went From JOBLESS To MILLIONAIRE

0:00picture this your young talented architect full of ambition working 70 hours a week trying to get to the next stage of your career after months of hard work you're finally promoted to your dream position you're earning good money you have a respectable position in your company and you even propose to your girlfriend Life's good or that's what you think a few months later your firm gets really hit by recession and you suddenly lose your job just like that in a blink of an eye everything you work so hard for gone and you can't even find a new job because no one's hiring in the middle of a recession sounds like

0:45a pretty awful scenario right okay now picture this what if I told you that only after a year of being laid off you made over $200,000 and started a business worth well over seven figures well that's exactly what happened to Pat Flynn from Smart passive income wondering how he bounce back from Rock botom watch until the end to find out the story is [Music] crazy there's this Common Thread that exists in the stories of today's most successful entrepreneurs it's called the ACP funnel which stands for audience community and product and Pat Flynn is no no exception to this this is how he utilized the ACP funnel to leverage the

1:35power of community and build his internet Empire let's break it down stage one audience so Pat had lost his job he worked so hard for and there were no job opportunities for him on the horizon but there were a couple of things that no one could ever take from him the Knowledge and Skills he learned over all these years so a few months ago Pat had created this website to help him and others pass the lead exam it's this professional certification in the architecture industry that he took in order to get that promotion Pat couldn't believe how many people were visiting this website thousands and people were

2:15saying I want to pay for this content and that's when the light Bob went off that there's a business opportunity here so he got to work and created an ebook study guide for the lead exam launching it in October 2008 by the end of that month Pat had sold 300 copies of that ebook earning a total of $7,950 yes in a single month literally double of what he made in his old job 6 months later his ebook has over $100,000 of sales and by the end of 2009 he had well over $200,000 of sales Pat learned the lessons of how to start an online business and he wanted to share this

2:58knowledge with the world so he started a new blog called smartpassiveincome.com Pat continually added more content to his blog as he ran different experiments and tried new things to make money online and over time smart passive started to gain a significant following P buil an audience that saw him is this reliable trustworthy Source in the online business education space pretty Niche but a high quality audience and things started to take off from there stage two Community a year and a half later Pat expanded his reach by starting a YouTube channel over time smart passive income became the reliable source for aspiring entrepreneurs looking for passive income

3:47because Pat was sharing all these Frameworks and stories and case studies and he wasn't just some expert starting in 2008 this guy was in the trenches he was selling hundreds of thousands if not millions of dollars of EB ebook sales and this helped develop his personal brand every new business he undertook be it in security training clickable Maps or even food trucks became chapters in an ongoing narrative in smart passive income the last income report he had shared was in 2017 where he did a full breakdown of his monthly Revenue affiliate earnings $5,695 Book Sales $2,246 50 core sales $ 41,8 4998 Niche sites $3,866 196 podcast sponsorships

4:45$3,389 software and apps $1,581 74 pretty impressive right by sharing his knowledge and experience and teaching others how to build successful websites to earn passive income he became a recognized figure in the online business community and built a strong Community around him Pat started a movement which is key to any Community the best communities are movements remember that stage three product everyone wants passive income right Pat Drew from his own failures and successes to teach his audience how to build their own passive income his Niche had one particular goal generate passive income online and this Niche not only allowed him to launch successful podcasts and successful communities but

5:38also launch information products that could help his community achieve their goal over the years Pat has launched many community-powered courses and three best-selling books makes a ton of money as a high- paid speaker and is a massive super affiliate my guess is his net worth is anywhere between 7 and $10 million here's here's a breakdown of his revenue streams while these numbers are from a few years ago this gives us a ballpark of how each Revenue stream contributes to Pat's earnings and as you can see he's Diversified his income so if any one Revenue stream dries up he's safe and even today Pat's looking to expand Pat believes that his audience

6:22can benefit from these experiments and as he tries new things and follows his business curiosity he just reports his findings to his community smart passive income he doesn't consider himself an expert just an experimentor who learns through trial and error Pat emphasizes the power of continuous learning adaptation and sharing to provide value to his audience and that's the story of Pat Flynn and how he has used the ACP funnel a framework that's reshaping how we do business Pat's journey is a prime example of how online platforms can be leveraged to share knowledge build community and create sustainable income streams all while helping other people along the way win-win if you like this

7:11video check out the other videos I do on the ACP funnel where I go through some of the most successful internet Empires such as Ryan holiday Jack butcher Thomas Frank and more let me know in the comments who you'd like me to break down next and make sure to click that subscribe button so you don't miss the next video it also lets me know that I should continue making these videos thanks so much for watching see you

7:51later