passive income streams

Popular Passive Income Streams in Modern Business

Passive Income is a topic that many still struggle with today in 2019. And, I have to admit, while I understand why people aren’t too familiar with the concept, it still kind of blows my mind. Personally, I think it’s been 18 years since I first read Robert Kiyosaki’s Rich Dad, Poor Dad and his second book, Rich Dad’s Cashflow Quadrant. Since then I’ve picked up the basics of developing passive income streams and understanding how it all works. In this post, we’re going to explore the top 8 methods of developing passive income.

Yes, it’s really that simple!

I Quadrant Opportunities

If you’re familiar with Robert Kiyosaki’s work, you’ll recognize his company, Rich Dad, Poor Dad. Robert himself is a fan of all passive income opportunities, however, when he originally wrote his first book, his experience was via Real Estate Investing (REI) and Traditional Investing through Stocks, Bonds, 401k’s, Mutual Funds, etc.

Real Estate Investing (REI)

REI is probably one of the most well represented options out there. However, when most people think of REI, they believe that they can’t get in the game. In fact, I remember starting to read Robert’s book Rich Dad’s Guide to Investing when I was in college and thinking “When I get a real income when I’m out of college, this will be how I make my fortune!”

While I still haven’t gone that route, it’s definitely something I see myself eventually getting into.

If this is a track you might be interested in, I’ve had several REI success stories on the show:

Chris Prefontaine (AoL 155)

Damion Lupo (AoL 125)

Kevin Bupp (AoL 124)

Whitney Nicely (AoL 123)

Traditional Investing

Outside of REI, when most people think of passive income, they think of making money through stocks, bonds, and mutual funds. 401k’s fit in this area as well.


While this isn’t necessarily a bad topic to think about, I will say that if you do the math, it takes about $1.25M to be invested in various assets to yield a comfortable $50k+ per year income.

Thing is, most people won’t ever smell that kind of lump sum amount in their career working a day job. However, there are tactics you can use to save a little bit here and there to eventually make that work out. Fortunately, you can read material by folks like Dave Ramsey to make this more of a reality than a dream.

Also, if this is an arena you’d want to play in, I’d also recommend checking out Tony Robbins’ book Money: Master the Game

B Quadrant Opportunities

If you’re already in the S Quadrant, you should definitely look at the B Quadrant!

In the I Quadrant, we’re mainly focused on making our money work for us to make more money. However, again, not everyone has access to that seed money to get up and running. So what’s one to do if they want to get in the passive income game?

They should totally look at the B Quadrant. The B standing for Big Business or Business Systems. These terms can be used interchangeably because you can’t have a big business without harnessing the power of business systems.

What’s great about the B Quadrant is that it’s the scaled up version of the S Quadrant. The main difference being that while in the S Quadrant you’re capped by the activity you can put in yourself, in the B Quadrant you can grow your business through fractal patterns or fractals. If you’re unfamiliar with fractals, a basic example is a tree in a forest. A tree has a trunk, limbs, branches, and twigs. They all are formed using a pattern of nodes and branches. Depending on the type of tree, however, the pattern might keep going. 

Most trees have a tap root that counterbalances the tree and keeps it in the ground. When the tree is growing, a lot of energy is put into creating that tap root.

However, Giant Sequoia trees have a network of roots that support the entire forest like a mesh. Sure, a tree can grow by itself and support itself, but Sequoias, being the largest trees in existence have evolved to support each other in this network. The trees themselves act as the nodes, while the roots act as the branches. 

So simply saying when it comes to fractals, the larger the network, the more potential for growth.

Traditional “Tried and True” Opportunities

The B Quadrant isn’t anything new. In fact, you probably already know of examples of people who are successful in this quadrant.

Insurance

As long as there’s been insurance, there’s been agencies. And insurance has been around a pretty long time.

When someone takes the leap from being an agent and starting their own insurance agency, then they’re taking a step into the world of the B Quadrant. Those agencies can continue to grow to a point where they train other agents and agencies. At this point they become a Field Marketing Organization (FMO). Their most basic role is to offer insurance products, services and possibly training to insurance agents or agencies.

An example of one here in Indiana is Gordon Marketing.

Franchising

Using the same idea as an insurance FMO, a business can eventually grow to the point where they franchise the model of their business.

Like insurance, the idea of franchising goes way back to the Middle Ages. However, the franchising that we’re aware of today didn’t really start until after World War II.

Of course, one of the most well known franchises is McDonald’s. And luckily for us, a movie was released about the man who built the franchise. The Founder is the story of Ray Kroc and his journey to create the business that we know today.

It’s easy to see that this method of creating passive income works. There’s more franchises today than ever! In fact, there’s so many suburbs of one city resemble those of another city.

Personal Franchising

When it comes to franchising, you can do it one of two ways. The first is the more familiar route we just talked about. However, one issue with this method is that it can take quite a bit of startup capital.

Most people don’t have a spare $10k+ just sitting around.

So they participate in the age old tradition of direct sales. Direct sales is defined as “The direct personal presentation, demonstration, and sale of products and services to consumers, usually in their homes or at their jobs.” With that kind of definition, you could say that just about any kind of sales outside of a traditional store or place of business is a form of direct sales.

Many direct sales companies today allow their sales associates or Independent Business Owners to sponsor other people to do what they do. One of the oldest companies that is set up to do specifically this is Amway. In fact, the reason  Amway was created, was so that anyone could have the capability to start their own business. At the same time, they’d also have the support from those who sponsored them as well as the company itself. 

If you’d want to know more about this form of direct sales, often referred to as multi-level marketing, you can check out our friend Robert Kiyosaki has to say on the subject. Interestingly, it’s how he met his wife Kim!

Like Robert, I highly recommend checking out this path if you’re stuck in the E Quadrant and want to quickly move to the B. Or even if you’re in the S Quadrant and don’t have enough to pursue the other options we’ve talked about so far.

Here’s a couple of folks I’ve had on the show who are experts in Direct Sales:

Mark Nathan (AoL 23)

Jeff Gamble (AoL 156)

Licensing

I’d be admiss if I didn’t cover the topic of licensing and what that means. Basically, it’s the sharing of Intellectual Property (IP) from one company (company A) to another (company B) in agreement that if the company B uses the company A’s IP, company A gets a commission. While it is similar to franchising, franchises differ in that they are in charge of how company B is actually ran. In licensing, while company A might have recommendations and regulations set, it’s pretty much left to company B to work out their own systems of operation.

As an owner of America Multi-Sport, I’ve had first hand experience to see how this can work out. While on the surface it might seem like a great idea since you’re skipping over some pretty hefty fees to actually make a franchise, there’s a good chance you’re going to fall behind. Since your licensees don’t have to operate to a certain standard, it leaves a lot of room for interpretation. Just with us, we’ve had a handful of licensees come and go in the last couple of years simply because they couldn’t do what we recommended to them.

However, just because it hasn’t been overly successful with us doesn’t mean it can’t be successful. The NFL got started the same way. Even though it’s had its ups and downs,  it’s celebrating 100 seasons!

Internet Powered Opportunities

Now that we’ve covered forms of opportunities that have been around 100 years or more, let’s look at a few things that have popped up in the last 20 due to the advent of the internet.

Scaled S Quadrant Work

If you’re more familiar with the podcast, you know that a number of the guests are simply people who have taken their service to the next level. They’ve found their Ikigai and have used technology to build a lifestyle that they’re proud of. Of the numerous hats I wear as an entrepreneur, one is helping people take their solopreneur business and scaling it through technology if they haven’t done so themselves. 

Of course, there’s different ways to capitalize on technology. You can become a digital nomad where the only work you do is through your laptop as you travel the world. Or you can start a brick and mortar agency that offers a service which can be executed online. Or perhaps you already have an agency and you’re up to your eyeballs in work and need help with all the work that’s coming your way.

There’s ways to do all of this. It really depends on what you want to do. Of course if you’d like help with this, shoot me an email. I’d love to help you get to the next level.

Affiliate Marketing

The internet has brought on another form of direct sales called e-Commerce or internet marketing. Today, most of us no longer go to places of business and buy something on the spot. We opt to do our shopping from the comfort of our own home.

Lots of online business owners get their start in internet marketing by pedaling other company’s products or services. Most of the reviews that you see on YouTube, have an affiliate link in their description that you can buy the product through them and they get a commission. 

In fact, Pat Flynn did pretty much this for years. However, as his platform grew, so did his need to create his own online products.

Influencer Marketing

When I first learned of Pat, I also learned of Brendon Burchard and his course called Expert’s Academy. Today I think he’s called it the Influencer Academy because more people are familiar with that term on Instagram.

The idea of Influencer Marketing is pretty straight forward. If you have an engaged audience, you have a list of potential buyers. The bigger the audience, the more potential buyers.

You make a product specifically designed for that audience, and there’s a good chance they’re going to buy from you. Why? Because of your influence on them through that engagement!

Typically speaking, those products take the form of digital products like courses and eBooks. That said, it’s not uncommon to see books, audios, and videos released by people in this arena.

Anyway, here’s the catch. It’s important that we never confuse three things. 

  • Don’t confuse your platform with your income. 
  • Don’t confuse your income with your career.

When people are getting started in the online entrepreneur space, many times they believe that they need to become an influencer way before they’re successful in making income. Problem is, you can’t really be an influencer unless you have some form of success in your career. They’re putting their platform ahead of their income.

To correct this, we need to learn how to separate the idea of these two. Sure your income will be multiplied as you become an influencer, but if you don’t have any income, you’re essentially multiplying by 0. 

So the next time you hear the phrase “become the next influencer” and think it’s a great idea, make sure that you already have a proven business based on the material that you want to help the masses with.

SaaS Platform

Finally, the last option I’ll mention because it’s the last category I’m personally familiar with is building a Software as a Service (SaaS) Platform. Now, doing this is just like building any other kind of business. You have to start small and in a well defined niche.

What I learned from Dane Maxwell (AoL 56) and his program called the Foundation is that if you’re creating something from scratch, you really need to do your homework up front. Find out what the people really want.

However, because it’s a product and not a service, you’re going to have to learn how to do a little bit of pre-selling the concept. Especially if you’re creating it without using your own funds. Why? Because hopefully, you’re going to hire someone to do the programming for you! 

Once you have the online tool built with the help and funding of your “champions” and early users, then you can market it and build your influencer platform like any other online business.

Action Steps

So, lots of information here! 

Hope that it provides some value and gives you a bit of clarity.

Again, if you haven’t, I really recommend getting started with reading Rich Dad, Poor Dad and the Cashflow Quadrant. Everyone should be financially literate and these are great starting manuals on passive income. 

From there, feel free to connect with me. We can do a strategy session based on where you’re at and what your needs are.

business ownership

Jeff Gamble – Gaining Perspective through Business Ownership: How One Entrepreneur Survived the Ride of His Life (AoL 156)

Business ownership comes in many forms. The goal of this show has always been to expose the listener to as many ways to start earning 6 or 7 figures a year. In the last session, our guest, Chris Prefontaine, built his income generating machine through real estate investing. Then, in session 150, we had Corbett Barr on who told us about how he managed to make Fizzle from the knowledge he knew about monetizing traffic online.

In this session, I had the chance to speak with an influencer here in the Indianapolis area about his background in various businesses including multi-level marketing (MLM).

As you guys probably know, I’ve been a fan of properly ran MLM groups for years. For instance, way back in session 23 of the show, Laila and I had the opportunity to interview soon to be Amway Diamond Mark Nathan.

What he and today’s guest, Jeff Gamble, can tell you is that a large part of being successful in the network marketing arena is affiliating yourself with great people.

Pair this experience of his with traditional business and the result is someone that knows a lot about what it takes to be successful entrepreneur and leader.

But don’t think that this journey of his has been easy. He’s had more major setbacks than anyone I know.

Even if you’re not interested in getting involved with an MLM company, let his story be one of inspiration to you in whatever you’re pursuing.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How was Jeff initially exposed to the multi-level marketing industry? 9:14
  • What life event made him change his perspective and look at other ways of making income? 16:02
  • When it comes to network marketing, what kind of benefits does Jeff believe associates get? 44:14
  • What are some things that people should consider when getting started with a MLM company? 53:21
  • What’s Jeff looking forward to in the not too distant future? 58:57
  • Who are three influential people who have help get him to where he’s at today? 1:01:39
  • What job or business would Jeff like to try out for a day? 1:01:49
  • What’s the smallest decision he’s made that’s had the most impact in his life? 1:02:05
  • Is there something that every high school student should know? 1:02:25
  • What’s the secret to achieving personal freedom? 1:02:45

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

How to Fix Your Credit:

John Maxwell’s Law of Leadership #20 – Explosive Growth

Going Executive Director Show Episode 78

Jeff Working Out and Getting Max Gainz!


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

get stuff done

Focus at Work – Keep the Main Thing the Main Thing and Get Stuff Done!

In the last post, I wrote about how deep focus might be the key to actually get stuff done in your craft or industry. Focus on the 20% of the effort that makes you the 80% of your income. You simply don’t have the capacity to do everything under the sun.
Since that post, I’ve had a few readers of that post message me and ask why I was going against the traditional advice of building an online business.

And as I thought about it, I realized that while I might be going against the more traditional advice of building a digital business, there are examples in the real world that suggest that less can be more.

So in this post, we’re going to look at just a few such examples.

Is Less Always More?

Now you might be thinking, there are plenty of examples of businesses that have grown after they offered more products and services. One such example is Amazon. Without knowing their history, you might think that they’ve always sold all the products and online services that they offer today.

However, this wasn’t always the case. When the company first started, it was an online book store based out of Jeff Bezos’ garage. Did he know that it was going to become what it is today? Probably not. But as the company offered more products and brought more people on to help manage those products, it is definitely an example of “More is More”.

Sometimes Scaling Doesn’t Always Work as Expected

But for every Amazon who scales correctly from the beginning, there’s also going to be examples where adding more to the menu might not be the best course of action.

Example 1: McDonald’s

Take McDonald’s for example. I remember in the late 00’s when McDonald’s was losing out on customers because people started to get smarter about what they were eating. It was during this time that chains like Panera, Starbucks, and Subway grew like bandits. In fact, it was pretty common to hear about places in large cities that had a couple of Starbucks on the same street.

These companies were eating McDonald’s lunch. So what did the golden arches do in response? They grew their menus and model to include some competitive products to what these other places were offering. By 2013, it had 145 items on its menu.

This was nuts and completely unsustainable. It’s no wonder that they were losing money at this point.

In an attempt to right the ship, they hired their most recent CEO, Steve Easterbrook. What Steve ended up doing was removing the items that weren’t selling as well and went back to the basics of the business. This seems to have worked because in the last year or so, their stock has actually risen.

Example 2: Apple

While this might not be the best recent example, it wasn’t too long ago that Apple was the tech company to watch out for – as an investor and a competitor.

In the Beginning…

Personally, I’ve always been an Apple user. My first computer was one and currently I’m writing this on a Macbook Pro.

During that time, the company has seen its ups and downs. I remember when I was first learning about computers, I found out the hard way that Windows 95 would not work on my Mac. How could this be? I thought everyone was going to be able to use it!

Nope, I was in the minority. Windows based PCs were what everyone else had. I can’t tell you how many conversations I had in high school answering questions about why I had a Mac… even when Steve Jobs came back as the CEO!

As I got involved in the Purdue University Mac Users Group (PUMUG), I started to learn how awesome of a group Mac users actually were. I had found my people! But interestingly, we were still a small group. All the clones had been taken off the market by that point. Those of us who were still users were because we were creatives or simply loved the Mac.

The Epic Growth of Apple

However, it was also during this time that the iPod was released. And interestingly, this was about the same time that I started paying attention to the stock market. I remember in 2001 watching the AAPL stock rise almost 50% until 9-11. 

Of course, stocks were down for just about everyone at that point. But as new and better versions of the iPod came out, their stock rose. And then, the point where everyone became familiar with Apple was in 2007 when the iPhone debuted. Wow… I really should have got some shares then. (Unfortunately, I thought I had already missed the boat. Ha!)

But there’s a point in me telling you this personal story of watching Apple rise. No one would have believed it would happen when I first got my computer – an Apple Performa 575. Had they stuck around trying to compete directly with Microsoft PCs, I think the company would have folded. Even to this day, but especially back then, they were known to jack up the price on products that were matched by less expensive PC options.

But it was because Steve was able to focus on building the next best thing (as he originally did with the original Mac) that they were able to be as great as they did during his time as CEO.

On a Smaller Scale

So, there’s a couple of examples of large companies that righted their ships after bloating to try and be everything to everyone. But it’s not something that just companies that size have to deal with. There are much smaller companies that struggle simply because they don’t focus on keeping the main thing the main thing.

And because they often don’t have the necessary resources or connections to keep going, they tend to not have the time to get their act together in time.

Example 3: Marsh

One such example is a local grocery store chain here in Indiana which was named Marsh. Like many local groceries, it folded in the last couple of years. It couldn’t find its niche in the market. I believe the main reason is that they tried to be everything to everyone. Instead of focusing on having its stores in certain profitable locations, it kept trying to keep open stores that were underperforming due to local competition – no matter what the cost.

Even after the company folded a couple of years ago, there are still locations that have not been bought by other chains. When I see them, I’m reminded of the struggles they had before going belly up. 

Interestingly, though, the places that were bought by other chains seem to be doing pretty well if not better than they did while they were under the Marsh banner. Some were bought by Kroger while others were bought by a regional chain called Needler’s. In fact, the Needler store in downtown Indy is considered by many to be one of the best groceries around!

Had Marsh realized that they should just cut anchor and focus on these stores that were actually making them income, they might be around yet today!

Action Steps

So, hope that gives a little more perspective on why it’s important to focus. If you’re good at building sales funnels, do that until you can outsource it. But don’t try to do that AND build a Fulfilled By Amazon (FBA) business AND build a podcast AND build a YouTube channel.

Pick one, get a handful of clients. Once you’ve done that, scale that business using ads on social media. Then from there, you can think about doing something else when the first job is sustainable.

personal motivation

Andy Dix – Be the Best Version of You: The Importance of Understanding Our Own Personal Motivation (AoL 154)

Having the knowledge about different personalities is a bit of a super power. When you know someone’s personality and personal motivation, you can understand what makes them tick. However, a lot of people simply don’t have this knowledge. They get frustrated when other people don’t act the way they do or don’t set an importance on various things like they do.

Today’s guest, Andy Dix, helps individuals and teams figure out what motivates them through the Reiss Motivation Profile.

As a leader, it’s important that not only do we know the makeup of any one person, but we also understand how others are going to engage with them.

If you don’t have much knowledge about how personalities and motivations work, this is a great conversation to start at!

So, join Harrison and I as we learn why Andy chose to work in this field, what he’s learned, and why he started his The Hopeful Hoosier Podcast.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How’d Andy get into what he’s doing today? 8:40
  • What’s the Reiss Motivational Profile and how does he incorporate in his work? 13:01
  • Has he been surprised by the profile results of any one person or people? 16:13
  • Does the Motivational Profile prove the truth of “natural born” leaders and entrepreneurs? 25:12
  • What motivated Andy to start his podcast “Hopeful Hoosier”? 27:12
  • What kind of things is he looking forward to the rest of this year? 36:43
  • Who are Andy’s top three people he’s been influenced by? 38:13
  • One thing under $100 that has changed his life? 40:08
  • Is there advice out that he hears adults giving kids that he’d call BS on? 40:43
  • What does Andy do when he becomes overwhelmed or unfocused? 41:39
  • How can someone be a difference maker in their community? 42:35

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Andy Interviewed by Engel Jones:

Steven Reiss on his book The 16 Strivings for God

Andy’s Webinar on Using the Science of Motivation Within an Organization

NPR’s Talk of the Nation: The Art and Science of Motivation


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

lifestyle entrepreneur

Corbett Barr – The Story Behind Fizzle.co – The Basecamp for the Lifestyle Entrepreneur (AoL 150)

If you’ve been following the show for awhile, you’re probably aware that I’m a big fan of Fizzle. Personally, I think they’re one of the best resources I’ve seen out there for the lifestyle entrepreneur.

Why?

Well, there’s a couple of reasons for that. For one, their library of courses available to their members are geared for those who need an Entrepreneurship 101 or 201 course. They cover all the fundamentals.

But that’s not all that’s there.

In fact, the creators joke with the idea that people come for the courses, but stay for the community.

Which is so true. In fact, I’m still interacting with several people I met on there 4 years ago. Including Veronica.

In today’s interview with co-founder of Fizzle, Corbett Barr, Veronica and I talk to Corbett about the founding of Fizzle and what he thinks about the online entrepreneurial space 10 years after he started his first blog Think Traffic.

It’s my hope that you get a bit of an understanding of why Veronica and I both believe Fizzle is such a great resource.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How did Corbett originally get started in the tech startup world? 9:11
  • What was his initial plan in starting Think Traffic? 17:29
  • How have things changed online since the start of Fizzle? 22:24
  • Where did the idea for Fizzle come from? 28:51
  • What kind of advice does Corbett have for those who want to get off the fence and develop the business they truly want? 36:23
  • What’s the future for Fizzle and Palapa look like? 41:37
  • Who are three influences that have helped him get to where he’s at today? 47:20
  • Is there something he’s excited about that’s going to affect entrepreneurship in the future? 49:06
  • What topic should more people be talking about yet hardly anyone is? 50:54
  • What is something Corbett believed as a 35 year old that he’s changed his mind on? 52:41
  • What does it mean to live a life of abundance? 54:53

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

7 Big Lessons about Entrepreneurship

Best Places to Work and Live around the World, FB Productivity, and Managing a Remote Team

4 Simple Productivity Practices and Apps

Chase Reviews the Evergoods CTB40


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

internet business

Generation Freedom: Telling the Story of Online Entrepreneurs & Internet Business with Michael Hall and Chris Sakr (AoL 149)

For many, internet business is something that is pretty simple to understand. Create a digital product or service, get a couple of clients, and then scale. If done right, you can build yourself a great lifestyle.

The problem, however, is that the majority of the population doesn’t know that this opportunity is available. In fact, your own family or friends might still wonder about “that thing that you’re doing”.

Today’s subject and interview might just help people you know get a grasp on that thing.

In the documentary Generation Freedom, creators Michael Hall and Chris Sakr give us an overview of what it means to be an online entrepreneur.

Does it look entirely the same for everyone? Of course not. But there are certain ideas and concepts that we all have to know to comprehend the true powers of internet business.

In this chat, Harrison and I have the opportunity to chat with Michael and Chris and find out more about why they made the documentary, how they made it, and why they started filmmaking in the first place.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How did Michael and Chris get into filmmaking so young? 8:54
  • What kept them from giving up on their aspirations? 12:35
  • Is there anything they would say to their past filmmaking peers who have put their dreams on the backburner? 17:06
  • What’s their view on the current state of Hollywood? 19:38
  • What do they think about leveraging Netflix and YouTube to get films out? 21:50
  • How did Shohawk Media get started? What kind of work can we expect from them? 26:59
  • How were Michael and Chris able to distribute the Generation Freedom documentary? 29:29
  • What kind of advice would they offer someone who’s struggling to make money from their art? 33:31
  • What was the process like for putting together the documentary? 39:12
  • Where does Michael and Chris see Shohawk in the future? 46:57
  • What song, book, and film should be added to the national curriculum? 50:08
  • Who’s their favorite filmmaker? 54:45
  • Is there an issue that more people should be talking about? 55:52
  • Something that has cost under $100 which has changed their life? 57:36
  • Are there any pieces of equipment that up and coming filmmakers should look into? 58:33
  • What’s the secret to achieving personal freedom? 1:01:04

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Generation Freedom Trailer

Who is Shohawk?

WhiskeyFest Northwest Promotional Video

Episode 1 of the Make This Movie Podcast


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

be consistent

Engineered Success – What it Means to be Consistent with your Priorities, Time, and Intentions with Tony Whatley (AoL 147)

To be consistent. It’s a phrase that’s thrown around in all kinds of industries as a part of their success. But what does it mean? If you own an agency that relies on you to get the job done, then you have to show up everyday. If you own a website that sells certain products, then there’s a good chance you’ll need to go to various events to let potential customers that your site exists. Maybe you’re trying to build a personal brand on social media – then you’re going to have to commit to building that brand and showing up daily.

So, that being the case, consistency can come in different forms. It’s really dependent on what you want the end goal to be.

However, if you really want to shoot for the stars in the online entrepreneurial space, then today’s guest is some you’ll appreciate.

In this session, Tony Whatley speaks to Veronica and I about what it took for him to not only build a company outside of his day job, but to also sell that company for what it was worth. We also touch on the kind of work it’s taking for him to build his own personal brand online.

Join us as we pick the brain of the Side Hustle Millionaire!

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How did Tony get into mechanical engineering? 10:41
  • What lead him to start side businesses outside of his day job as an engineer? 12:14
  • How was Tony able to scale his business so he could have a “10 hour work week”? 17:38
  • If he were to start over today, would Tony have used the same marketing and sales strategies he used to first grow his businesses? 22:24
  • After selling his first big business, what was life like? 35:20
  • What was the process of selling this business like? 40:32
  • What’s the future hold for Tony’s brand? 46:40
  • Who are three influencers who have helped him get to where he’s at today? 51:21
  • If he could ask anyone living or dead a question, who and what would Tony ask? 54:25
  • What is something that most people don’t realize is a huge waste of money? 55:56
  • Something that cost less than $100 which changed his life? 59:07
  • What does it mean to live a life of abundance? 1:00:17

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Tony Online: Website, Facebook, LinkedIn, Instagram, YouTube
Cohost: Veronica Kirin
Session Sponsor: Uncover Your Personal Mission
Blinkist (Book Summaries)
Mike Rowe Works Foundation

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Business Coach vs Business Mentor

Fear! (The Viper Crash Story)

Tony on Entrepreneurship at the Speakers Authors Coaches Summit

Tony on Heather Parady’s Show


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!