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From Laid Off to $50,000 per month: How Pat Flynn “Let Go” and became a Highly Successful Webpreneur

Let Go ebook by Pat Flynn

Pat Flynn makes around $50,000 per month from multiple online side businesses.

I know that for a fact because he’s super-transparent about every single dollar he makes online. Each month, he publishes a detailed income report on his blog, SmartPassiveIncome, which includes how much money he makes, as well as what his total expenses are.

His latest income report from April 2013 shows that he made $49,761.40 in pure profit.

That’s pretty impressive.

In the world of part-time webpreneurship, Pat is one of my heroes. I’ve been reading his blog and listening to his podcast for over a year now, and he never ceases to impress me with this in-depth knowledge about monetizing online products.

I’ve actually talked about his success in my previous video presentation about why every single person should start a blog.

What’s most interesting about Pat is that he stumbled into the world of online businesses by accident.

Back in 2007, he started a blog to study for an Architecture certification exam (called LEED) as a way to manage his notes while he was employed at an architecture firm. Little did he know at the time that his blog was getting thousands of visitors from other people who were interested in the topic.

A few months later, Pat got laid off from his job (due to the economic recession), and had to rely on his blog for income. He had zero knowledge about online businesses, but what happened next changed everything.

Pat talks about his amazing story in his latest Amazon Bestseller: “Let Go” (aff link)

It’s a truly inspirational account of how he overcame his fear, and how he built his businesses one step at a time.

He also talks about how he transformed his blog into a profitable business overnight.

I highly recommend you pick up a copy of his ebook to learn more about how he made it.

I was actually so impressed by his memoir that I wanted to interview him over Skype and publish the video interview on my blog.

However, due to the fact that I’m a new dad (just had another baby girl a week ago!), I didn’t have the time to prepare for an interview. So instead, I thought I’d highlight a few excerpts from his book that I think will give you a good overview of what he went through.

 

On why he Started a Blog to Study for the LEED Exam

I knew the blog would help in several different ways:

First, the blog would allow me to access and search my notes from anywhere I had Internet connectivity.

Second, the exam material referenced a lot of websites, so I could include those specific links on my blog, which would make studying much easier.

Third, the blog just organized everything much better. By categorizing and tagging my notes, I could easily see how things related to each other.

Most importantly, I envisioned the blog as something “tangible” that I could show the higher-ups in the firm.

 

On Getting Laid Off

“We have to let you go. I’m sorry.”

Upon hearing those words, something the size of a golf ball materialized deep in my throat. I started chewing the back of my tongue to try and make the feeling go away.

 

On his Lack of Experience

I didn’t know anything about how to start a business, let alone one that was online.

My only experience with making any sort of money online was from selling Magic the Gathering cards on eBay.

 

On Making his First Dollar

I signed up for [Google] AdSense and had one ad showing on the homepage of my website after just a half hour. Thirty minutes later, I logged into my account and saw I had earned $1.08!

My first dollar online, and the best feeling in the world.

 

Pat then went on to create an ebook that eventually made him $7,906.55 in the first month.

To learn more about Pat’s success, including the tools he used to make his first dollar online, pick up a copy of his Let Go ebook today (it’ll be the best $2.99 you’ve spent in a while!).

 

3 Powerful Lessons from Oprah’s Harvard Speech

Oprah Winfrey Harvard Speech Commencement

I was privileged to be part of the Harvard Class of 2013 graduation ceremony yesterday where Oprah was the featured keynote speaker.

She stole the show during the morning commencement exercises. Nearly every single faculty Dean wanted to hug her after presenting their candidates for degrees.

It was hilarious.

Her keynote speech was phenomenal. She was very humble and personable (isn’t she always?) and you got the sense that she connected at a very intimate level with the audience.

You can watch her full speech in this video (around 30 minutes long), but I’ve summarized three powerful lessons that I took away from her speech below.

1) You will Fail

Every successful entrepreneur I know of has spoken about the power of failure, and Oprah didn’t skip on that topic:

It doesn’t matter how far you might rise, at some point you are bound to stumble.

You will at some point, fall. And when you do, I want you to know this. Remember this: there is no such thing as failure. Failure is just life trying to move us in another direction.

And here’s what she suggests you do about it:

When you’re down in the hole, when that moment comes, it’s really okay to feel bad for a little while.

Give yourself time to mourn what you think you may have lost, but then, here’s the key: Learn from every mistake, because every experience encounter, and particularly your mistakes, are there to teach you and force you into being more of who you are.

And then, figure out, what is the next right move.

So basically, what she’s saying is: you’re going to fail. And when you do, you can feel bad about it, but then learn from it and move on.

2) We are all Insecure

Oprah didn’t use the word “insecure” in her speech, but this was the word that kept popping in my head when she was talking about the main takeaway from every single one of her 35,000 (!) interviews she’s conducted:

The common denominator that I found in every single interview is [that] we want to be validated. We want to be understood. I’ve done over 35,000 interviews in my career, and as soon as that camera shuts off, everyone always turns to me, and inevitably in their own way ask this question: Was that okay?

I heard it from President Bush. I heard it from President Obama. I’ve heard it from heroes and from housewives. I’ve heard it from victims and perpetrators of crimes. I even heard it from Beyonce and all of her “Beyonceness.”

They all want to know one thing:

Was that okay?

Did you hear me?

Do you see me?

Did what I say mean anything to you?

That’s quite powerful. Realizing that even presidents need some sort of validation made me feel a little bit better about any insecurities I have.

3) Just be Yourself

Earlier in her speech, Oprah talked about how she looked up to Barbara Walters when she was young, and how she wanted to be like her.

As a young girl from rural Mississippi, I learned long ago that being myself was much easier than pretending to be Barbara Walters.

Although when I first started, because I had Barbara in my head, I would try to sit like Barbara, talk like Barbara, move like Barbara, and then one night I was on the news, reading the news, and I called Canada “Ka-na-ta,” and that was the end of me being Barbara. I cracked myself up on TV – couldn’t stop laughing, and my real personality came through.

And I figured out: Oh gee, I can be a much better Oprah than I could be a pretend Barbara.

She then goes on to say:

You will find true success and happiness if you have only one goal. There really is only one, and that is this:

To fulfill the highest, most truthful expression of yourself as a human being.

That last lesson actually reminded me of the first takeaway from the 5 regrets of the dying that I stuck over my desk.

So I think I’m giving that some extra weight.

What a speech.

Have a (Virtual) Cup of Coffee with Me

Have coffee with me

Update: The 100% free session will be streaming LIVE on YouTube (details to follow after you sign up below) ********* I love meeting new people (and connecting with old friends) over a nice cup of hot coffee. I also love sharing stuff that I learned about entrepreneurship that will help you make more money on the side. [...]

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I learned a new term a few days ago: The Gruen Transfer. It’s the effect that happens as soon as you arrive at a shopping mall, and you get bombarded by so many confusing layouts, colors and products that you forget what you were originally there for. The result is that you slow down and [...]

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World's Smallest Woman 2

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Harlem Shake Baauer Main Website

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Cisco T-shirt Ad Video Augmented Reality

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Jiro Ono Sushi Chef Magnolia Pictures

Jiro Ono is the first sushi chef in the world to get 3 Michelin Stars. To put things in perspective, a restaurant with 3 Michelin Stars means that it’s worth making a trip to an entire country just to eat at that restaurant. So when I first heard about Jiro, I imagined his restaurant to [...]

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How I Made $318 within 1 Hour of Launching my eBook

Sample Opt in Page

When I published my eBook – “How to Design the Ultimate Home Office” – around a year ago, I made 32 sales within one hour of launching it. The total dollar amount was $318. While $318 is not a crazy amount of money (I know some entrepreneurs who make 100 times as much in a [...]

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5 New Year’s Resolutions Every Entrepreneur Should Make

5 New Year’s Resolutions_Part Time Webpreneur

Bronnie Ware was a nurse who cared for dying patients. Her job was to look after people during the last few weeks of their lives, and she learned a lot about what they regretted before they passed away. Earlier this year, she published a post on her blog about the common regrets of the dying, [...]

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