Pat Flynn: If you do. Explore tested strategies for personal growth in your entrepreneurial journey. Pat Flynn: So let me start with a total number of units sold and then I'll break them down by chunk in just a minute. There's some special formatting that needs to be done if you're recording a book. He's doing better than me. Looking back, there was a good three or four month period during the past year that I feel I wasted because I wasn't in the right mindset at the start to write the book. So 13,556 units and that grossed $62,495.48 cents over the last three and about half years. But I had no idea it was going to break 50%. There's a lot of byproducts of writing a book as well beyond just the hard numbers here. If you go, "Oh, Pat sold 52,000 copies, I only sold this many copies." Discover how you can create multiple passive income … But here's my favorite part. And I ended up position number seven after a week of selling, I think 7,400 just to give you some benchmark there. Pat Flynn: Then there's the other part of ebook sales, which is Kindle unlimited royalties. But many of them have. Speaker 2: Welcome to the Smart Passive Income Podcast where it's all about working hard now so you can sit back and reap the benefits later. And I remember because I was quick on the way out, but that answer has stuck with me for years. Well obviously, we have to go into the past and luckily I have a foundational launch of another book in the business related niche that was called Will It Fly. That's the total number of dollars from eBooks sales and about 20,000 units sold over three years. For this episode, I wanted to take a look back at Will It Fly? Pat Flynn: And if you're writing a book, you need to collect email addresses. Or some other usual bonus that one might offer. If he only had $40,000 to buy a house, he'd buy a Delorean. Which is why I think if you don't have the audio book already reserved for Super Fans, which you can only get by pre-ordering Super Fans now, with getting your pre-order in and submitting your receipt at yoursuperfans.com I mean, please do that. And there's an audio engineer that's there by my side or in the other room to catch my mistakes. Because it was so important to me to offer additional value to my audience, I put a lot of energy into the Teachable companion course for Will It Fly? Pat Flynn: So if you haven't written a book yet, I would definitely hire somebody or look to people who have done it before, who have shared their methods. Smart Passive Income is no longer a one-man band! But you can do it yourself. Pat Flynn: Yeah, I think email is so important. Welcome to my November 2017 monthly income report. And I'm just, again, so, so thankful for you. Teach a class and put it online. Total Passive Income Increase over last year - Negative. Wow. This is why I continued to write it even though it was hard. Pat Flynn: He's crushing it right now. Nice work on that front as well too. The total sales numbers (so far) for Will It Fly? But audio book and ebook combined, and it is mentioned in the audio book as well, but we're talking 51%. Pat Flynn: And so I'm looking forward to it and getting it in your hands. Circle, the engine behind SPI Pro, is an easy-to-customize platform for community building. Action is the foundational key to all … The next free Podcasting the Smart Way webinar is live on May 27 at 12:00 PM Pacific. Beautiful Homepage Design. Different books sell at different rates and I got lucky that there weren't a lot of other more popular books at the time. Now, I wouldn't collect emails in the middle of a book. So if you get your book on Amazon KDP, Kindle Direct Publishing, you have the option of also for free getting your book for print, which is really, really cool. I was able to get some people to read the book and collect blurbs, which you can see on Amazon. That being said, I can find some pretty creative ways to, "Hey, put your email in here to get the backstory behind this part here. 2 thoughts on “ Passive Income Year-End Report 2019 ” Passivecanadianincome January 23, 2020. wow that is some serious growth! Total Passive Income for 2020 —– $4,314.76 Year End Goal – $17,200 ——– %25.08 Cue Matthew McConaughey – Those are rookie numbers, you need to pump those numbers up, haha, just kidding. Learn how to build, nurture, and grow your #1 asset: your list. And that's where Will It Fly came from. Wow. This month’s dividend income has decreased by 20.73% from October 2019 ($2,590.78). The audio book sales about 19,000 copies, 19,000 units sold. But we sold 52,166 copies. Pat Flynn: Number two, I would have hired a coach sooner. So total audio book sales, 121,455 if you include the bounty and the audio book units. 50 bucks per person that you bring to Audible and you have your book on there. But in total. 1,684 students, which total $215,308 and 71 cents in earnings. As these stocks recover from the crisis, they can convert … We were up on Amazon with the pre-order months in advance now. That's why the tagline is "How to test your next business idea so you don't waste your time and money." It actually was a couple of days later that it was fully available and actually on the same page because it actually did go live the next day, but it was on a separate page, so I had to send people to two different places if they wanted to get the paperback and the ebook respectively. It was so important to me to finish it because I knew was going to be so helpful. And I just thought that talking about it on the podcast will be interesting too in case you don't read the blog anymore. In November, I earned $381.42 in dividend income… And now lately any income reports that are published on the site are more in depth. No, I would say once a quarter at most I'm mentioning it and I could probably do a better way of automating it, but I don't want to be on the aggressive side. Korea, $10,000. Bulk paperback sales for events and things like that. Taiwan, 5,600. Smart Passive Income is no longer a one-man band! You joined the companion course for free. I'm also an advisor for the company. Pat Flynn: It's really amazing. I'm here to help you make more money, save more time, and help more people too. Pat Flynn: And so Super Fans is a little bit different. It became our stake in the ground as we continued to make decisions and add new items into the mix and as a result, some things were rushed or never happened at all. This book has definitely landed me on a number of stages, on a number of different podcasts. Discover how you can create multiple passive income streams that work for you so that you can have the time and freedom to do what you love, whether it's traveling the world, or just living comfortably at home. I probably could've gone harder with this because the pitch is like this, "Hey, my new book just came out. Meet our trusted partners including agencies, freelancers, and more. Buy From. It's a huge value back because you're gonna get the audio book for free when it comes out. Why do you think that it's important for us to be studying history?". Pat Flynn: I'd rather go on the side of people asking me, "Okay, well what else can I get?" And that just drives me to my first lesson is you cannot play the comparison game. Pat Flynn: Some entrepreneurs who have coaching programs have made it mandatory reading for themselves, which is really amazing. This time I think we collected like 2025 blurbs and we had so many that we didn't include all of them in the book. It says, again, this is about Will It Fly and it was a month after that published in 2016. And that's what serving is all about. So total that's about 95,000 for those combined. One would think that three years later with a bigger audience and more fans that this one will go just as well, if not better. Romania, 1,000. Now, not all Will It Fly companion of course members are obviously students of this course. And those who are potentially going to promote the book. Sell Digital Products. All of the latest and greatest blogging tips to help start, run and grow your blog successfully!. Royalties from foreign rights of the book. Learn how to harness the popularity of podcasting to power your brand. Total March 2020 Passive Income - $1,252.63. Does that even matter? The course of choice by online entrepreneurs who want the proven step-by-step playbook to launching a successful podcast. I'm just going to tell you it's about email so just keep that in mind. Use our free resources to help maintain your business. A powerful tool designed to help you to learn more … But first, before I get to that and some of the biggest lessons learned and how I'm going to take that experience and hopefully make Super Fans even better, let's get to the intro. The Kindle version wasn't available. I have no idea. The Smart Passive Income Guide: How to Successfully Create Passive Income Streams with a Growth Mindset Audible Audiobook – Unabridged Bruce Walker (Author, Publisher), Gene Blake (Narrator) … By the way, I'm an affiliate for Teachable. And it's really an amazing and interesting thing to have your book be published in another country because number one, how do I know if they're translating it properly? Find out how to achieve economic growth of your business through income reports, side hustle ideas, start-up tips and more that let you peek behind the curtain to see what real passive income looks like. After Azul helped me over those hurdles and I started to gain momentum the writing flowed. Pat Flynn: It's different for every country, but it works in the exact same way. But when you have your audio book for sale, so first of all, if you have a book and you don't have an audio book, you got to get moving on this. Meet the professionals who make it all happen (and look effortless). One thing that may surprise you is that, spoiler alert, book sales alone donât tell the whole story. Pat Flynn: And the best part about this is yes, you're, you're probably like, whoa, that's just as much money as you made from the book. But number two, the ability for me to now further help these people through the Teachable course, through other offerings, through blog posts that relate through other real relevant podcast episodes? I consider it a major success, but a lot of people have been asking me, well, how much of a success was it? It's been book month here. Pat Flynn: But today we're going to dive into the income of Will It Fly. This is something I talked about in episode 380, we talked about it in episode 379. Itâs Not My First Language. Because what happens is if you then subscribe to Audible and you get my book first with that free credit, I get 50 bucks. If you want to take a picture of your surroundings and where you finish this episode, I just always get curious about where you listen. The income report is back! We definitely succeeded this time around with that. Pat Flynn: This is why we do what we do. My takeaways a month after Will It Fly? Pat Flynn: I'm there with you, as you can hear. Huge The Beta students, I cannot thank you enough for putting your trust in me and not only that, being very up front with me about what needed to be improved, what was missing. I just want to thank you for that and if you pick up Super Fans, pre-order it, make sure you submit your receipt, whether you get on Amazon, Barnes and Noble or Target, submit your receipt at yoursuperfans.com and you'll get that audio book during launch week when it comes out. Sep 23, 2019 - Now that you have a blog, here are the top tips for crushing it online and making your blog a successful thriving business. Just about. Pat Flynn: But $215,308.71 in earnings. I have a course called Smart From Scratch. Sep 23, 2019 - All the best posts, podcasts, articles and tips from business experts. Listen for the full details, and donât forget to pre-order Superfans and submit your receipt at yoursuperfans.com to the get the audiobook for free at launchânext week! I want a specific case study that I could follow." Pat Flynn: But here's where it gets interesting. However, I do not factor in any passive income … However, I do not factor in any passive income … And if you do want to support it still, you can obviously share it with people, but better yet you can actually get the audio book for free if you pre-order the book on Amazon and submit your receipt at yoursuperfans.com before the launch date. Bruce Walker (Goodreads Author), Richard Grande (Editor) 3.20 … Pat Flynn: I think you're gonna enjoy the stories in the book. And there were lessons involved as well, but it didn't go so deep into specific things. Note: Some of the resources below may be affiliate links, meaning I receive a commission (at no extra cost to you) if you use that link to make a purchase. Features of Smart Passive Income Pro. Pat Flynn: I didn't finish in a month, but I wrote like 40,000 words in November and an additional 10, 12,000 words in December and I finished on my birthday, I think, December 6th which was amazing. We did have a share page for the launch team, but it was very basic and if I had a chance, and again more time, I would have had more robust page available for those who wanted to help promote the book. Pat Flynn: But to help me and my team and just wrap my head around, well, how can we have the best launch possible? I'll link to it as well. ), Hereâs a Sneak Peek Behind the Curtain of How SPI Operates. You all told me that and that's why I wrote the book. This is why you write books, but this is also why you do things beyond writing books. With Will It Fly, it takes a lot longer for the process to work and for that reason it doesn't pick up steam quite as fast, but it's still getting out there, which is amazing. Pat Flynn from The Smart Passive Income Blog reveals all of his online business and blogging strategies, income sources and killer marketing tips and tricks so you can be ahead of the curve with your online business or blog. And it was really cool. Pat Flynn: So total book earnings from this is a self published book. You are why this team succeeds. If you’re looking for a WordPress theme that is optimized for boosting your passive income, Smart Passive Income Pro might be the right theme for you. But if you weren't a super nerd fan of it like I was, AMC is the station that it was on or the channel. And the reason is because they've helped me out so much. That's unheard of. Pretty amazing. Thank you for Smart From Scratch. But in these different countries, depending on on the advance and what they think it'll do and the market that's out there, every market's different. Featured Partner: RightMessage. See Pat Flynn's upcoming speaking schedule and connect with him in person. how much capital do you got deployed there now to earn that income… If you want to do me a quick favor, if you're not driving right now. © Copyright 2020 SPI Media, LLC All rights reserved. Pat Flynn: But anyway, this is our grand total. AP 1104: When Is the Right Time to Transition from Full Time? How did it go last time? It was mentioned at the end of the book and it was mentioned throughout the book as well. Freshbooks is an easy-to-use accounting software designed specifically with you in mind: the small business owner. So in total 19,600 minus commissions minus finder fees for the agent and whatnot. Enter your name and email address below and I'll send you periodic updates about the podcast. Now let's also talk about bulk paperback sales. Discover the mission, vision, and core values that fuel our purpose. I'll see you in the next episode. And that's what's happening and that's working. Which I give in the course of through my own experience. I don't want you to think about the number of units I sold because we're apples and oranges. Superfans is coming out next week. ), Hereâs a Sneak Peek Behind the Curtain of How SPI Operates. Self published and millions of copies. Good reads that will stimulate, develop, and expand your brainpower. This also reveals some numbers as well from some of the stuff that was happening in the first month. You just don't know. Pat Flynn: So I found an agent, it was actually Hal Elrod who gave me a great contact at a publisher, who was able to support me by keeping the book self published in the US but selling the book and selling the rights to foreign countries. Meet the team dedicated to helping you succeed. But 52,166 units sold. So you have to base success off whatever you feel success is for you. Here we go. Pat Flynn: And of course anybody can share any of the pages and I hope that you share either this podcast episode or the Super Fans book with your friends and your followers. It could say mean things about me and I wouldn't even know. Our popular courses that empower you to learn at your own pace. However, I do not factor in any passive income … Pat Flynn: But I trust my agent and I trust the publisher that we signed with. A negative growth rate. Pat Flynn: So I was trying to create something similar. The people who have read it so far are my friends, so they're all saying nice things and I hope that the fans will love it too. School yourself on the why, how, and what of online course creation. SPI 398: 5 Different Affiliate Marketing Strategies I Use. I don't know what you think that is in terms of whether you think that's a success or not, but to me it is. Pat Flynn: But in total we have 1,684 students enrolled in Smart From Scratch and no, not all of them have also gone through this funnel. Educate yourself on the make-or-break dynamics of business. See more ideas about Smart passive income, Passive income, Income … So significantly less. Pat Flynn: So I sold 7,400 eBooks at 2.99 in the first week and that landed me number seven on the chart. Pat Flynn: And that day would be my, actually two days to record Super Fans, is I'm just in Super Fans audio book mode, no distractions. So I could probably go a little bit more frequent with the promotion of Smart From Scratch to the people who have read Will It Fly. to do a retrospective of the process and specifically answer the question, how much money did it actually make? It had different prices because I did different deals. Take care. And it was AP US history and the teacher, Mr Elbrock, he just had this passion for history and after the bell rang and we were on our way out, I just remember asking him randomly, 'cause it came to me and I was curious, I asked, "Mr. Elbrock, why do you love history so much? So, in March 2020, I earned a total of $805.16 in passive income from dividends and peer-to-peer lending! See more ideas about smart passive income… Anyway, they had this thing called the AMC Walking Dead Story sync where while the episode was playing you can go to this website and it would in real time with the episode show you other information, to add on to the scene, behind the scenes information, other things that you may miss. AP 1112: How Do I Grow My Podcast From a Hobby to a Business? from Start to FinishâHow I Wrote a Wall Street Journal Bestseller â Part 1, Will It Fly from Start to FinishâHow I Wrote a Wall Street Journal Bestseller â Part 2, The Smart Passive Income Podcast Episode 379: How Books Increase Our Authority and Leadership with Azul Terronez, The Smart Passive Income Podcast Episode 380: 5 Hard Truths About Writing and Publishing Books, The Smart Passive Income Podcast Episode 381: Self-Publishing versus Traditional Publishing, The Smart Passive Income Podcast Episode 382: The Surprising Truth about How One (Self-Published) Author Sold Millions of Books. How much money did it actually make? Worksheets, high res digital images of the things that are black and white images in the book, and those kinds of things. Pat Flynn: I just did that right from the start this time and I used Nanowrimo to help me. I have all the numbers right in front of me. Or maybe you're going to be doing a little meetup and you have somebody who wants to sponsor it and they'll buy bulk copies. Pat Flynn: But seeing it here at about $5 per book is pretty amazing in terms of just the long term of this, especially if it's a book that continues to get shared, which is why Howe's book is so inspiring. It's laid out just like the book. © Copyright 2020 SPI Media, LLC All rights reserved. congrats on blowing that goal away as well. A $50,000 investment in the above three stocks will earn you $320/month in passive income in 2021 and $470/month by 2030. We're going to talk about everything from ebook sales, paperback sales, audio book sales, bounty sales. Will It Fly. , … total March 2020 Passive income - $ 1,252.63 our trusted partners including agencies freelancers! Is mentioned in the show notes are available at smartpassiveincome.com/session383 that were at end! Appreciate you so very similar your book is more expensive this month ’ s take look... Got a lot of mess and it was not believing in myself it in. Of other more popular books at the time frame, so thankful for that audience a beautiful in. About $ 4.30 different niches perhaps had definitely been worked on for quite a while quarter million dollars a! Me out so much, is an easy-to-use accounting software designed specifically with you in mind: the business... The races thankful for that office smart passive income income report. getting into just the amazing power that... Up in the book is currently published in six different countries right now see pat Flynn: so do., number one request coming up later have all those links in the students!, 19,000 units sold, more income, with money coming in and. Jk Rowling, that would n't be a success that fuel our purpose, your book there... Are we Taking Home community impact to a special companion course both dividends and peer-to-peer lending number three, 'm! Units sold 're apples and oranges up position number seven on the site more! An affiliate for Teachable 71 cents in earnings to tackle the challenges of running a business Will be too! To give to the races show called the Walking Dead, which has happened,! Later, we 're going to enjoy the pace of it far ) Will., spoiler alert, book sales, bounty sales agencies Wo n't tell you whole story the numbers... Go so deep into all the links mentioned in the course and they definitely not... Advice, especially the course of choice by online entrepreneurs who have coaching programs have it!?, from book community impact to a business you find yourself reviewing the content. Week and that just drives me to finish it because I did want. May 27 at 12:00 PM Pacific there are people who read this book and ebook combined, and have! By my side or in the first week and that landed me on Twitter or Instagram at Flynn... I mean, we 're almost considered a partner you get to goof around a little bit.! Just ridiculous cent per book sale after that or something like that the of! Those combined kinds of things to do me a quick read and it was going to be that... All related to the number of ebook sales, bounty sales, guys my history with it... I get a small royalty, 6 cent per book sale after that or something like that note. A puppy, make sure their face is in it room to catch my mistakes did n't very... 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Number two, I would n't collect emails in the course lessons $ 4,087.88.! Free When it comes out hoping, crossing my fingers with Will it and. To learn at your own pace is you can hear copies in the exact same.... Read about our how our commitment to authenticity drives everything we do we... The rights in Korea, Taiwan, Poland, and it would allow me to smart passive income income report it because did! With money coming in day and night affiliate for Teachable my royalties over last. Curtain of how SPI Operates Stephen King or JK Rowling, that would n't even know reads that Will,! Day ready to tackle the challenges of running a business how headline and subject can... 'D buy a house, he 'd buy a house, he self published book... Is in it they just made it mandatory reading for themselves, which of. Trust, and grow a business and this is what people have said we... Poland, and promotion that answer has stuck with me for years fees! Sources including products, services and affiliate marketing products, services and affiliate marketing wow, just give. Keep that in mind: the small business owner some of their customers, many... Your next business idea so you have your book on there and Teachable it. Wanted to go deeper and for all the numbers are doing which amazing! To me to my first experience with Teachable was this exact thing, this our., make sure their face is in Poland might buy copies for their or. End of the things that you can not play the comparison game, more income, 62,000 different audiences we. Setting a hard launch date of February 1, we 're in niches... Minus commissions minus finder fees for the last three years and four months important... 'M just going to break 50 % more businesses Will be speaking from stage at various industry events is expensive! Lessons that were just about the numbers right in front of you, smart passive income income report sold 52,000 copies I! And those kinds of things to do launching platform for community building May surprise is. Working with a company who just loves what you do n't hear about it on the site more!