Young and Profiting with Hala Taha - Pat Flynn: Online Business 101, How to Generate 6 Figures of Passive Income and Create a Cult of Superfans | E256
Episode Date: November 13, 2023Pat Flynn lost what he thought was his dream job as an architect during the 2008 financial crisis. But that setback led him to launch several successful online businesses and build a following of mill...ions around the world. In this episode, Pat is going to give some pointers on marketing and how to build your audience and online business the smart way, including how to create your own superfans and multiple passive income streams.  Pat Flynn is a serial entrepreneur, industry influencer, author, and startup advisor. He is the founder of Smart Passive Income, or SPI, and the host of the Smart Passive Income podcast.  In this episode, Hala and Pat will discuss: - How he lost his dream job, but found his passion - The lightbulb moment behind his online business - His journey from blogging to multi-platform business - Developing community-powered courses - New trends in affiliate marketing - How to build a community of superfans - Why superfans can accelerate the growth of your business - How to learn your audience’s language - Whether to mix your personal life with your personal brand - Ways to make your audience feel special - Integrating your audience as co-creators - And other topics…  Pat Flynn is a father, husband, and entrepreneur who lives and works in San Diego, CA. He owns several successful online businesses and is a professional blogger, keynote speaker, Wall Street Journal bestselling author, and host of the Smart Passive Income podcast. He is also the founder of Smart Passive Income or SPI.   Resources Mentioned: Pat’s Website: https://patflynn.com/ Pat’s LinkedIn:https://www.linkedin.com/in/patflynn3/ Pat’s YouTube:  https://www.youtube.com/channel/UCGk1LitxAZVnqQn0_nt5qxw Pat’s Twitter: https://twitter.com/PatFlynn Pat’s Instagram: https://www.instagram.com/patflynn/ Pat’s Podcast: The Smart Passive Income Podcast Pat’s Courses: https://www.smartpassiveincome.com/all-access/ Pat’s book Superfans: The Easy Way to Stand Out, Grow Your Tribe, and Build a Successful Business: https://www.amazon.com/Superfans-Stand-Tribe-Successful-Business/dp/1949709469/  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify MasterClass - Get 15% off right now at youngandprofiting.co/masterclass Relay - Sign up for FREE! Go to relayfi.com/profiting **Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance provided through Evolve Bank & Trust and Thread Bank; Members FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.  More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review -  ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting  Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala  Learn more about YAP Media Agency Services - yapmedia.io/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
Discussion (0)
This episode of YAP is sponsored by Shopify, Relay, and Masterclass.
Shopify simplifies selling online and in-person so you can focus on successfully growing your
business.
Sign up for a $1 per month trial period at Shopify.com slash profiting.
Take control of your money with Relay, an online banking platform that puts you in complete
control of your cash flow.
Sign up for free at Relayfi.com-profiting.
With masterclass, you can learn from the best
to become your best.
Get 15% off when you go to masterclass.com-profiting.
As always, you can find all of our deals in the show notes.
Today's guest is an OG in the marketing space, Path Flynn.
Three months after proposing to my girlfriend
and she said, yes, I got laid off and this
was the great recession of 2008.
It was so weird because things were happening so well and I was on the path that I was supposed
to be on, the ideal path.
And then it was all just kind of like swept out under me in an instant.
I was depressed for two or three months trying to figure things out because I didn't have
a plan be.
And there was an interview with a guy named Cornelius Vischner who was telling his story.
He was helping people pass a very particular exam
in the project management experience.
And that was my big light bulb moment
because I had taken several exams
on my way to becoming an architect.
Could I teach people how to pass this exam?
So I had built a website to share my notes
and all the things that I learned about this exam.
Later that year, I wrote a study guide,
put all my notes into a PDF file.
And in October of 2008 I launched
that book for $19.99 and I had generated a total profit of $7,908.55.
I could not believe it.
And that grew and that blew up and I've written books and I've got on stage now and I have
this giant audience now related to this and over the years I've generated nearly $10
million in earnings since 2008.
You say, instead of spending money on ads, spend more time on people, instead of figuring
out how to optimize your conversion rates, figure out the rate at which you're able to connect
authentically with your audience and make them feel special.
What are some great ways to make your audience feel special? What's up, young improv, I am super pumped for today's episode because it's not often
that I get to interview one of my idols.
My guest today began his online empire
with humble beginnings.
Pat Flynn started a website in 2008
to keep track of notes to study for an architecture exam.
He then turned that website into a blog in an e-book
but then sold like wildfire.
At this point, he had built a community
and his community started to ask him,
how can they do the same?
How can they also build an e-book courses
and things like this and start an online business?
So we started creating courses on how to build a podcast,
how to do email marketing, affiliate marketing,
and build courses, and he's been helping people
build online businesses ever since.
Fast forward to today, Pat Flynn is a serial entrepreneur
and industry influencer, author and startup advisor.
He's also the founder of Smart Passive Income
or SBI and the host of the Smart Passive Income or SPI and the host of the Smart
Passive Income podcast. Today, he's going to give us some pointers on how we can build an
online business the smart way, including how we can create our own super fans and then how we can
monetize them through passive income streams like affiliate marketing and courses. Pat,
welcome to Young & Profiting Podcast. Hey, hello. Thank you so much for having me. I'm excited
to be here. I am super excited for this conversation because you are an OG in the podcast space,
in the marketing space, in the blog space.
Really just happy to have you on and pick your brain on so many things.
But before we get started, I did want to talk about your career journey because I found
out in researching your story that you actually had a whole other profession before
online marketing and you lost your dream job at one point.
So talk to us about that story.
How did you lose your dream job and how did that evolve to you then starting your blog?
Through high school, I wanted to be an architect.
I kind of knew that early on and I was able to become an architect, went to school for it,
got a great job in the Bay area in California. And I was set, I mean, I was planning for my future. I was contributing
in my 401k, like doing all the things. And three months after proposing to my girlfriend,
and she said, yes, I got laid off. And this was the great recession of 2008. So it was so
weird because things were happening so well and I was on the path
that I was supposed to be on, you know, the ideal path. And then it was all just kind of swept
out under me in an instant. And that was very difficult. I didn't have a plan B because I was doing
everything as best as possible and following the plan. And yet here I was getting let go. And it
was a tough time for me. I was depressed for two or three months trying to figure things out
because I didn't have a plan B. I was begging for two or three months trying to figure things out because I didn't have a plan be I was begging for positions in the architecture space for a while just kind of calling around and nothing was happening
and it was around that time that I discovered podcasts. This is oh wait
So this is like really early on and there was one episode of a business podcast that I listened to they were talking about
Internet business and there was an interview with a guy named Cornelius Fishner who was telling his story
He was helping people pass a very particular exam
in the project management experience,
it was called the PM exam or the project management exam.
And he was making six figures a year online,
helping people pass this exam.
And that was my big light bulb moment
because I had taken several exams on my way
to becoming an architect.
I wasn't a licensed one yet, but I was on my way. There were so many different tests, and there was one test in particular that was
so hard that most people failed. I almost failed it on my first go, but it was very difficult,
and in studying for that, I picked up a lot and thought, you know what? Could I do this? Could I
teach people how to pass this exam? It's called the lead exam, and it's very specialized about
green buildings and sustainable design and whatnot.
So I built a website to share my notes
and all the things that I learned about this exam
and loan behold in a few months.
I started to get some traffic.
People started to ask questions in the comments section.
I started to answer them.
I started to find that my website was being linked to
and all these official green building design websites
and stuff and people were sharing it around.
And then later that year, I wrote a study guide,
put all my notes into a PDF file.
I didn't really know what I was doing.
I was just kind of figuring it out as I was going.
I just used PayPal to kind of manage that transaction.
And in October of 2008, I launched that book for $19.99
and I had generated a total profit of $7,908.55, which just was like,
I could not believe it.
I mean, every day I woke up literally to a bigger PayPal balance and it just didn't seem
real to me.
I thought that at some point during that month, the FBI SWAT team was going to come and
just be like, illegal, like, stop doing that. Because it just didn't feel like,
I had spent five years in school for architecture
and did all this stuff,
and then here I was in just a few quick months,
generating more revenue than what I did in my architecture job.
And that was like a huge thing for me,
and then I just leaned into that.
You know, the next month I started to make,
you know, over 10K a month,
and then 14K a month,
May of 2009 was our biggest month, $30,000 in a single month. I'd raise the price
of my book and everything. And that's when I started SmartPasovIncome.com because a lot
of people were like, Pat, how did you do this? How did you not just survive during the recession,
but how did you figure out a way to thrive during it? And I said, I need to unpack this myself
because I'm kind of just, I,
yeah, I have no idea what I'm doing, but I, I'm figuring it out. And I'm just going to post
everything I'm learning. And that's where smart passive income really started to take off,
because it was a way for people to learn entrepreneurship from the things I was learning
as I was going, right? It was kind of in real time, if you will. And I loved talking about all the
mistakes I made and the things that I wish I had done differently. And I think that's why people loved it because I wasn't selling anything.
I wasn't trying to say, like, hey, the internet secrets are here, but you got to pay money. It was
just like, no, here's what's going on. And that grew and that blew up. And I've written books,
and I've gone on stage now. And I have this giant audience now related to this. And over the years,
I've generated nearly $10 million in earnings since 2008.
It's not just me now. I have a team of people and I have several other businesses I've invented,
a physical product to explore that world. I have a number of YouTube channels, one in the world of
Pokemon. That's kind of exploding right now. Just all these kinds of different things that I've
been playing with. And I just love to share the results. Like everything I do is a case study,
whether it works or not. And it's a way for me to teach people on the way.
I love that backstory and today on your website smart pass event come you've got a lot of different courses and you've evolved from like this
blog and ebooks to having this whole community and platform can you talk to us a little bit about your current business model today
and maybe how it's evolved over the years?
For sure. In the beginning, I mean, I didn't start generating revenue from the entrepreneurial
blog until 2011, so a couple of years after. And that was just done through affiliate marketing.
Affiliate marketing is recommending other people or other companies' products and essentially
getting a commission, if you send anybody over.
This is different than advertising
where a company will pay you at front.
This is a company who will pay you
when a customer goes through.
And I started to generate several tens of thousands
of dollars a month doing that by sharing the different tools
I was using to build business, the different website hosting
platforms and email service providers.
And that was the fun part about what I was doing.
I could just share all the information for free.
Right, it wasn't behind the payrolls.
Like here's all the things I'm doing.
And you know, step three, here's a link
if you want to use the same tools as me.
Step eight, here's the same tool that I used.
And I started to generate a lot of revenue
by just sharing all the information for free.
However, in 2016, I had a lot of people
ask me for much more in depth information.
And that's where online courses started to come into play. And my first one came out
in 2017 about podcasting. And that still to the state is our most popular course. And I
just walk people through the entire process to go from idea to launch to building an audience
to then monetizing and doing that in a genuine and transparent way.
And we've had tens of thousands of students go through our courses since then.
However, in 2020, things started to change, not just in the world, but in our business
too.
We had sold at this point, maybe two and a half to three million dollars worth of online
courses, getting really, really high ratings and very, very high completion rates.
But we started to notice that the completion rate started to become a little bit less. And that was very troubling to us. You know, we're not in this just to make money.
We're in this to help people. And in fact, the more that we serve people, the more money we make.
So we started to notice that maybe the course is there was just so many from so many different
people now that it just wasn't working the way they used to. Information now is freely available,
really anywhere, right? When you think about it, you could look up anything.
Back in the day when I started, like in 2012, 2011,
information wasn't as freely available.
So just by having the information, that was valuable.
Now, having the information,
that's almost adding to the overwhelm that people have.
And so we discovered that, okay,
we need to add some new elements to this educational platform
that we have in order to make this continue to work and thrive for our students.
And so we decided to shift into building a community.
And we love it now because we didn't coin this term, but we definitely are owning it.
And it's the idea of community-powered courses.
And we have now two communities.
One is our SPI Pro community for people who have established businesses,
but then we have also our all-access past.
And here's the big difference, right?
Our podcasting course, for example,
we had sold it for years for $409, right?
Which was tremendous value,
which get back from return is huge,
but it was a pretty high price point for a lot of people,
and that's one course, and now we have over a dozen.
So if you stack all those together,
that's thousands of dollars worth of courses. However, with the all-access
pass, you can get access to all of those courses, a community of people who are going through
them with you, access to my team and instructors to guide you along the way. Pathways through
those courses that relate to where you are at in your journey. And what's really popular
in our community is what we call our accelerators.
So we just launched one a couple of weeks ago
for our members where you can go through a course together
with an instructor and it's like week by week,
you go through these modules,
you go through these lessons,
and then there's office hours if you need help.
The course material is the course,
but there's real time learning and feedback
and questions and answers happening
at the same time, sort of a hybrid cohort based model.
And the completion rates are through the roof, like absolutely tremendous.
And it's just so much better.
And you can get access to all of those things for what is the equivalent of $59 a month.
So it's a lower barrier to entry.
And what the hope is is that people won't just take the one course that they want right
now, but they see the next course in their future after that, right?
So they might sort of podcast and then go,
you know what, I'm building this audience now,
I want to build an email list.
All right, you already have access to email marketing magic.
So go into that and go into this one and then go into this one.
And the idea of being, it's a win for everybody
because it's a lower bearer to entry,
but then hopefully people will stick around
for several months or if not years,
and everybody will generate more revenue over time
in that way, if and only if we are providing value versus a larger upfront payment. So the
community now we're trying to take the lead in the space with community powered courses
trying to set the example for our colleagues as well and it seems to be working.
I see that as such a huge trend. So I launched my first course earlier last year. I'm one
of the biggest influencers on LinkedIn. So I launched a LinkedIn masterclass. And as a part of this, intuitively,
I was like, okay, I'm going to build a community around this. Anybody who joins the course,
they can pay a small fee, join us in a WhatsApp group, we'll support each other's links. I'll do
twice monthly office hours, bring in other speakers, and to my surprise, everybody's favorite
part about the whole thing is the community.
And they all hang out together, they meet up with each other on game conferences, and
they always say, like, the course was amazing.
It gives everybody common ground to talk about and have some sort of like foundation where
they've got things in common, but it's really the community and they help each other and
have peer calls and they've've taken it off on their own
in terms of what it is.
So, I guess my question and that is,
how do you make sure they communicate with each other
as a community?
What are the ways that you are fostering community
within your course, I guess?
You have to lead by example, right?
Just having a space, like an empty space.
Imagine the physical version of that, right?
You have an empty gym and you're like, okay, guys,
like come in here, we're all together and then you just
kind of leave them there.
And you know, that's not really, you need some sort of direction.
And so if you can go into that space and create the safe space
for people to come, but then you're also showing up
and you're leading by example, if you want people to post stories
and post videos, well, you got to go in there and post stories
and videos yourself.
And when you do that, it unlocks that ability for others to do it
because nobody wants to be the first one to do it.
And they just want to see somebody else do it first
and then they can kind of follow that lead.
So that's number one.
Number two is finding who might be the future leaders
in that community, right?
You are a leader yourself because you've created this thing
and you've facilitated it.
But within that community, there's going to be some people who seem to rise above their
S as far as like their excitement for being there.
Those are the people you can really lean on to turn into administrators or moderators,
if you will, or shine a light on them a little bit and they'll shine it back on everybody
else.
So finding out who those people are in your community, not everybody will be.
That's some people love to lurk and are just in the background.
And to them, the community is still valuable
because they're reading the conversations
and they feel like they're a part of something
without feeling like they have to show up
in a way that's uncomfortable to them.
But there's gonna be people who are more extroverted
in those spaces who do show up.
And when you recognize those people,
they will show up even more.
And it just, eventually, the community begins to have
a heartbeat of its own, right? In the beginning, though, it's lifeless and you've got to get in there
and you've got to do it yourself for a little bit. But once you recruit some people from the inside
and even some people on the outside to help manage the community as well, you start to see things
take off on their own. And you get to that tipping point where you could even just sit back and just
watch it happen on its own.
It's such a beautiful organic thing.
As you are seeing in your community as well, people will connect with each other.
They'll make partnerships together.
They'll hold each other accountable, create masterminds with each other, even without
you having to really facilitate that because you've done the job of finding those people
who, like you said, have that common language and that common sort of understanding of why
we're here.
And it's just like at the baseball stadium, right? If your home team hits a game winning grand slam,
you're high five and in a hug and people who are just wearing the same ball cap even
though you don't know their name because you're there for the same reasons, right? And
you can win together and you lose together all that sort of stuff. I also think thirdly
having some rituals, if you will, things that are happening every week or every
month on an ongoing basis that people can look forward to.
This is great for a number of reasons.
One, retention, especially if it's great and it's valuable, people are going to not imagine
their life without it, right?
So they're going to stick around and continue to be a part of that.
But it also trains them to kind of get involved in a way that they can look forward to every
single month.
So one thing that we do in our communities, for example, is we share wins of the week.
It's a very simple one that you can do, but it also encourages and motivates people who
might not be participating, but also still just reading on the inside.
We love to have community challenges.
We've done these challenges inside of SPI Pro.
You know, used to do them monthly, but we've brought it down a little bit because it was
just a little bit too overwhelming, which goes to the fourth point, which is just to always continue
to remain connected to them and listen and understand we've adjusted our communities.
I mean, I feel like they're adjusting always because the community is like a living being
that has different needs and changes over time.
So we've been able to prune certain spaces in our community.
We've been able to add new things based on what people want it.
So again, just being there to listen
and engage is really key.
It's probably the least passive thing you could do.
I will be honest, even though the brand is smart,
passive income, we knew that we had to be very active
in order to best serve our audience.
Yeah, 100%.
And I think that's the trend now.
I think there's so much on demand
that people just really are craving connection and real-time information and things like that. And that's that's the trend now. I think there's so much on demand that people just really are craving connection and real
time information and things like that.
And that's sort of the trend that's happening right now.
And you have my wheel spinning because when you mentioned about like, you know, those
shining stars that sort of take the lead of the community, I remember talking to my
assistant VP and we had this guy that was just like really doing a great job. And I was like, we should pay him. He should be a moderator.
And she was like, no, no, he's so happy. He'll be fine. Fast forward, like, we'll move
too slow. You know what I mean? People will, if they don't get appreciation right away,
they'll start to lose interest in what they're doing. So to your point, you really need to shine
the light on people that are doing a really great job for your community.
For sure.
And there's a few ways that we do that, you know, with my podcast.
I'll give them the microphone every once in a while.
They literally will actually have the mic for 20 minutes in their own episode on our
Friday's episodes, which are a little bit shorter.
And it, again, puts the spotlight on them and it makes them feel like even more part of
the community.
Another thing that we did recently is we actually hired a person in our community.
They are actually on our team now because we just love her so much in which she's been
able to contribute and now she's actually helping other community members feel more
welcome because and she has this voice that I can never have as a former community member
herself versus from the top yet sure Pat Flynn, Pat Flynn, cool, but like Heather, no,
she was a Pat Flynn fan who joined the community,
who leveled up and is now actually a part of the team
and literally on our payroll now, which is awesome.
And that encourages other members in the community too.
It's like, oh, you were just like us
and conversations I can be had with her
are different than what can be had with me.
Let's hold that thought and take a quick break with our sponsors.
Young and profitors as the CEO of a Media Agency and a podcast network,
it can be hard to build relationships with my employees because we're all
virtual, 100% virtual. I wanted to learn how I could cultivate stronger
relationships with the people I work with, even when there's a screen in between us.
So I took Esther Perrell's class on Masterclass about relational intelligence, and her class taught me so much about how to not only make new relationships,
but deepen the ones I already have.
I feel so much more connected to my friends, my family, my employees, just everyone.
Esther's class is just one of over 180 classes available on Masterclass.
Masterclass will make the perfect gift this season for you and anyone on your list,
because both of you can learn from the best to become your best in any subject from
leadership to negotiation to creativity.
With Masterclass, you can go at your own pace and learn in a way that works for you, whether
that's watching Masterclass on TV, listening in audio mode, in the app, or on their website.
And just think about it, how much would it cost to take a one-on-one class with people
like Chris Voss, Gordon Ramsay, or James Clear?
A lot of freaking money, but with Masterclass memberships, they just started $120 a year
for unlimited access to one-on-one classes with all 180 instructors on Masterclass.
And the classes are so good, they're so well made,
it feels like the instructors are right there
in the room with you.
And this year, I made a promise to myself
to take one new class on Masterclass every single month.
And next up for me is Whitney Wolf-Herd,
the founder and CEO of Bumble,
who just came out with a new class
that I can't wait to take.
Her class focuses on how to find your purpose, picture ideas,
become an authentic leader, and use rejections and setbacks to propel you forward.
This course is a must for anybody looking to start their own business.
This holiday season, give one annual membership and get one free at masterclass.com-profiting.
This is such an incredible deal by one get one free, get one annual membership and get one for free at masterclass.com
Sash Profiting. Right now you can get two memberships for the price of one at masterclass.com Sash Profiting.
That's masterclass.com Sash Profiting, offer terms apply.
Young and Profiters, it's never been a better time to be an entrepreneur. With inspiration at our fingertips
and powerful tools that are disposal,
the possibilities are endless.
And when it comes to tools that can truly make your business grow,
there's one name that always stands out, Shopify.
I actually recently interviewed Shopify's president,
Harley Finkelstein.
That's episode number 252, if you wanna check it out.
And he says there's an entrepreneurial renaissance happening right now. And Shopify can help you through it.
Shopify helps you sell at every stage of your business from the Launcher Online Shop Stage
to the real store with the door stage. And even though did we just hit a million order
stage? Because businesses that grow grow with Shopify. And you can sell whatever whenever with Shopify.
Push pleaded pants with Shopify's in-person POS system or monetize mindful meditation.
I sell my LinkedIn secrets masterclass through Shopify and they've made my life a breeze.
It took a couple days to set up my store and I just get to focus on what I do best,
creating great content and marketing my product. Not to mention Shopify also is the home of the best converting
checkouts in the game, 36% better than other leading
commerce platforms.
Shopify turns browsers into buyers.
It's no wonder Shopify powers 10% of all e-commerce in the US.
And if you're in that, I need to sell more with less stage.
Shopify Magic is your AI super powered sidekick ready to whip up captivating content that
converts from blog posts to product descriptions.
So don't stress if you're new to this commerce thing.
Shopify's extensive help resources are there to support your success every step of the
way.
And remember whatever your stage, businesses that grow, grow with Shopify.
Sign up for a $1 per month trial period at Shopify.com
sash profiting and that's all lower case. Again, go to Shopify.com
sash profiting to start growing your business today. You can sign up for a
$1 per month trial period at Shopify.com sash profiting.
We just talked a little bit about the trends, of course, is how they're becoming more
community-based with these mastermind type offerings, right?
When it comes to affiliate marketing, I have no idea.
I've just never really got into it, right?
But in 2023, it feels like there's so many different ways to do affiliate marketing.
I see a lot of influencers who use Amazon stores and that's really hot right now.
So I guess what are the hot trends with affiliate marketing right now?
Yeah, it's less of a trendy thing versus just a way for you to generate revenue by directly
bringing customers to a company.
And that's always been a thing.
When I first started out, I discovered affiliate marketing with my architecture website, actually. So I was selling my own product right for $19.99. And there
was this other company that was paying me $100 a month to essentially sponsor my website
or have a banner at on my website. So I thought I was like, wow, I just have to put a logo
on my website and link to your website for $100 a month. Absolutely. Well, they had a product
that was complimentary to mine.
It was an online exam simulator and it was a $79 product and they had an affiliate program
and I said, what's the affiliate program?
And they said, well, it's like a referral program.
Every person who you refer who comes in and becomes a customer will pay you $20.
And I was like, okay.
So if I just bring five people in, then that'll make up the cost of what it would be
to just do the sponsorship like we've been doing.
So I send an email out with my affiliate link.
A company will give you a unique link
that's tied to you in your account
so that they can track who you're bringing in.
I think we brought in 200 customers
that first month for them.
So I had made $4,000 in an instant by just doing that
versus the $100 a month that I was making.
And here's the kicker.
They still let me do the banner ads
on top of the affiliate marketing.
So I was kind of double dipping, which is really great.
The holy grail of affiliate marketing these days
are often with things like software
or anything that has a recurring payment,
like if you are an affiliate for Descript
or ConvertKit or whatever, right?
They will pay you every month
that a customer you bring in stays on.
So these things stack over time.
And so we have some companies that we promote
who have a recurring affiliate program,
where we're generating $10,000, $12,000 a month, knowing that it's just going to be bigger
than next month, and they just continue to stack, right?
So where I would start is, well, what products, what things are you already using or you
already involved with, that you can set up an affiliate partnership with those companies?
The other cool part about this, that is sort of like the next level
in what we teach in our courses,
once you start producing some volume
and this should be pretty simple for you as well,
especially with your authority and the size of your brand,
also very key.
You don't just want to promote something
because it can make money for you.
If you promote the wrong products to your audience,
you can ruin your reputation in an instant.
So it's very, very important to select the right products,
the ones that you know are gonna serve your audience and everybody reputation in an instant. So it's very, very important to select the right products, the ones that you know are going to serve your audience,
and everybody wins in that situation.
But what I was saying is you could take this one step further.
Many of the companies that I had been once an affiliate for
I'm now an advisor to those companies
because I was able to come to them with even more value
than just customers.
I was able to bring them some feedback and advice
and some thought about the future of their companies
and how it could be even better.
And so some of these companies have brought me on now
where I'm still in affiliate,
but now I can say I'm an advisor.
I'm an advisor for a convert kit, for example,
and I've been able to directly influence
some of the decisions that that company has made,
which has benefited the company,
but also has benefited me and benefits my audience as well.
And so I literally own shares of the company now as a result of that.
And of course, that can lead in too much bigger pounds down the road.
And it just allows me to feel even more of a tie to the brand and the company and Nathan
the founder.
So there's a lot of things you can do with those partnerships.
Many times you can't get to that level, but there are some other additional things that
might happen.
For example, if you get in good with a company in that way, you're producing a lot of volume
for them, you have even more permission to go, hey, Canon cameras, we sent over 100 people
your way last month.
Are there any products coming out that I could review on my YouTube channel that you might
want to send my way that I can get behind?
A lot of companies will send
stuff early to people or even give things to those people in exchange for the volume
that they know that they're going to produce. So there's a lot that can be done there.
And of course, we teach this in our all-access pass as well, but I hope that helps. And
maybe more gears are turning now as a result.
Oh, 100%. And so with my podcast network,
I'm all about doing 360 campaigns.
So it's podcast ads, social media, newsletters.
We get all of those types of platform sponsored.
And what happens is because I'm also focused
on digital promotions, not just podcast ads.
We get a lot of link clicks and rebots, right?
Which is pretty rare in the podcast world.
In the podcast world, you tend to get a lot of people get ads and it's sort of churn-in-burn
because there's no conversions, typically because it's really hard to go memorize a link.
And when you have time, remember it, remember the promo code and have a conversion. But online,
you just click a button and people can convert. So my question for you is with affiliate marketing,
where do you see the most click conversions?
Like what is the most successful for you typically?
Or what's the best approach?
All the approaches work.
So on the website, we teach something for free.
Like here's how to do this.
And here are the steps required in those steps
because that is a high value article.
It literally gives away everything.
But within those steps, here are the tools that you can use.
And we found, I mean, probably the best example of this, this goes a little back in the
day.
But in 2011, I built a website from scratch in a space that I knew nothing about to show
people how it was done.
And I did that in the security card training industry.
I'm not a security guard.
My mom happened to be one, but that didn't really matter.
I was showing people from scratch how I was doing this.
Here are the keywords that I'm selecting.
Here is the tool that I'm using to do that.
Here's how I built the website.
Here's how I wrote the articles.
Here's where I hired writers to do that and do the research.
Here's how all this happened.
And I remember on day 73,
I was kind of like a case study
sharing the progress every single day.
On day 73, this brand new website hit number one in Google.
And on that day, my affiliate earnings
for all the tools that I mentioned in that process
just went through the roof because people saw,
whoa, he did it.
And he showed us every step along the way.
I want to do it too.
I'm just going to follow the same process
and get the same tools.
And now I'm able to generate revenue that way.
So by open case studies, and that could be on any platform,
obviously, but on a blog for search engine optimization
and such, that worked really well.
Podcasts work really well too.
And one thing that I love to do on a podcast
is not just talk about the product and talk about how it's used and how awesome
it is, whatever the product may be, but I love to invite the company onto the podcast.
So I invited Nathan Barry, the founder of ConvertKit, the Neemail Service provider that I'm
now an advisor for onto the podcast, not to talk about ConvertKit and how awesome it
is, but to get into his story.
Why did you even create this product?
What were the struggles building this thing from the ground up and through that, the audience
begins to build a relationship, not just with me, but with the company who I am now promoting.
And so now there's more of a genuine feel for, I understand that this product is here
to help me for the
right reasons and what it can do for me.
And now I even know the founder through the podcast, right?
So you can use your platform to do it that way too.
YouTube is a great platform for affiliate marketing.
I did a video for Descript, which is a podcast editing tool and a video editing tool.
They're really innovative with AI involved and stuff.
And there's a tool in there called OverDub,
which allows you to read a few sentences
and then it kind of mimics your voice.
And it's both awesome and scary at the same time.
So I created a video about that,
but also how useful that could be,
especially for a podcaster.
And that video in nine months saw over a million views.
And of course, I included an affiliate link to Descript.
And I use, on my website, I use WordPress plugin
called Pretty Links to take that affiliate link
which is often filled with a bunch of characters
and stuff that you can't memorize
and turn it into something like website.com slash Descript,
or website.com slash Converkit.
So that way, on a podcast or on a YouTube video,
it's much more easy to remember
and it still goes through that affiliate link for you.
Anyway, that's just a small tip.
But this video has now accounted for a total of $40,000
in commissions.
Like, that is my take home after all the people
who have seen that video and then clicked
and then now are a member or a user of descript as well.
And that's just one of the dozen plus tools
that I've talked about on my YouTube channel.
So you can imagine just what the revenue might be like across the board
across those different tools. But that's a more recent example that again, just to kind
of show you, this is still working and working really well today.
I love it. You're making me want to negotiate getting like some sort of affiliate deal with
all my brand sponsorships. I've done it a little bit, but haven't really leaned into
it. Okay. So before we can sell anything,
we actually need to create an audience.
And I know that you have a book that came out in 2019
called Super Fans.
So first things first, how do you define a super fan?
Yeah, so a super fan, and this book is very much inspired
by an article that was written,
I think in 2005 or 2006 by senior editor
of Wired Magazine, Kevin Kelly.
And he wrote an article that is pretty pronounced
in the entrepreneurial space called a thousand true fans.
The whole premise about true fans,
and he defines this, and I define Superfan in the same way,
is a true fan or a superfan is somebody who,
if you are a musician,
this is the person who will drive eight hours
to listen to your set,
and then kind of wait for you backstage
just to get an Instagram photo with you
because they're very much in love with your
music, you know, swifty, right? Is a version of that. If you are a business or have
a product, this is like the people who will wait in line overnight just to be
first to get access to that thing, right? Like what we see with Apple sometimes
when a new phone comes out, but you don't have to be a celebrity or a huge company
in order to have those kinds of fans because anybody who has a message and who has a platform will
develop fans over time and over time those fans can become true fans or super fans, the
people who will buy your product without even reading the sales page.
The people who, when there's a troll or somebody who says something negative about you, they're
going to step up and defend you. Like you won't even hear about it because they're in the front lines, right,
to defend you from those trolls.
These are the people who make your podcast, your YouTube videos,
your blog posts, a part of their daily ritual, right?
To listen to while eating a biscuit and having coffee in the morning or what,
or what have you, right?
It's just like, they can't imagine their life without your brand or your message or your voice or your podcast anymore. That's a super fan. But
a super fan's not generated overnight, right? They're not there the moment they discover
you. They're created by the moments that you create for people over time, for those people
over time. And there's a ladder, or I like to call it the pyramid of fandom that I take
you through in the book. And there are different conversion points to go from the bottom of the pyramid, your
largest portion of your audience, which is your casual audience.
These are the people who just found you.
Maybe a lot of you listening or watching this right now, maybe you're a part of my casual
audience because you just discovered me for the first time and you might be curious about
my website and all these other things, right?
Your casual audience member, and this makes the largest part whenever you are paying for
ads, whenever you are paying for ads,
whenever you are showing up on search engines,
this is bringing people into the bottom
of this pyramid, casual audience.
And our job is to convert them into an active audience member.
They are now a subscriber,
they now know who you are,
and they kind of like your stuff.
They will be there to read it.
They might even be a customer,
they're not quite yet elevated to superfan status yet,
but they at least are active in what it is that you're doing.
From there though, this is where we then convert them
into a part of our community.
The connected community is where magic happens.
It's where not just you're talking to them
and they're talking to you,
but they're talking to each other.
And you've done a really good job of this.
This is something I'm very focused on.
And naturally, some of those people will become superfan's
just because they can't imagine life without it.
They feel an identity as a fan of your brand.
But there are some things you can do to convert people
who are maybe on the fence or who are a part of that community
to become a super fan.
And one of my favorite ways to do that is just
by offering what I like to call the Wessup,
a small moment of surprise and a personal reach out
just to see how a person's doing.
Actually, I can demonstrate this for you right now.
Yeah, sure.
So I'm gonna go to Instagram,
and you're just gonna have to believe me
because I'm not gonna share my screen.
But I'm gonna go to Instagram,
and I'm gonna go to a comment
on one of my latest posts on Instagram.
And I'm just gonna see, okay, this is Omar.
So I'm gonna go to, or Omar's Instagram,
he's somebody who just left the comment
on one of my latest posts.
And I'm gonna go to a message, I'm going to go and do a video.
Hey, Oromar, it's Pat Flynn here. I hope all is well. I know this might be random, but I just want to say thank you so much for following the channel.
And I appreciate you if you have any questions about anything that I can help you with.
Let me know. Have a good day. Bye. I sent that to Oromar.
How long did that take? Less than 10 seconds, right?
On Friday, I walked my dogs around the neighborhood
for one hour, two leashes in one hand,
my phone in the other, and I'm just doing these
quick little messages to people on social media
for one hour.
So I'll get through 60 to 80 in that one hour.
95% reply rate, and of those replies,
most of them say, oh my gosh, I cannot believe you took the time to
send me a quick message or that just made my day or thank you so much for thinking of
me.
I can't believe you reached out to me, right?
No, this is not 100% scalable, but not everything in business should be 100% scalable,
especially when it comes to the human to human interaction.
This is something that you can do that is free, that doesn't take anything but time and
consideration.
And many of those people have become super fans just because you're giving them something
that other brands are not just a little bit of attention.
And that goes a very, very long way.
In fact, many of those people will screenshot those messages and share them out and go,
Pavelin reached out to me.
This is insane.
Like, I didn't feel like I was that important, right?
And that's what people want.
We just want a sense of belonging.
We want to know that there's other people out there
who are there for us or who see us.
And that's the beauty of community.
It allows for that to happen more often
because especially in this world where we're all feeling
so alone and so disconnected.
And even though social media was supposed
to bring us closer together,
it's actually pushing us further apart.
But those like you who are stepping up
to create those communities
and then taking those superfan strategies
and actually giving people a little bit of time
and attention, I mean,
you are now creating a business that is future proof
because let's say LinkedIn goes away or YouTube goes away
or whatever, I mean, hopefully you have an email list as well.
But if you have super fans,
you could set up shop anywhere,
and they'll come and support you.
And that's a great feeling to know
that you have that insurance policy
of super fans in your brand.
Yeah, 100%.
I'm like, profusely nodding if you're not watching me on video.
I see it, yeah.
I've built my communities,
and I know what you're saying is right,
you have to go out of your way and reach out to people
without selling them anything. You know what I mean? And just to give them value, give them
like affection and show up for them. So you say
focusing on the experiences that create super fans is the most important thing that you can do for your business. Why is that?
What is it that super fans do that can help accelerate your business?
Well, number one, they become your marketing team
without you having to pay them anything.
I mean, you've already paid them enough
in terms of the experiences that you've offered them.
This is their way to pay you back.
They will talk you up.
They will hoist your flag high.
And I've had people tell me that they annoy their friends so much with how much they talk
about the brand or SPI or me, and I'm like, that's kind of funny.
But they will talk about you and become your marketing strategy.
And this is what I love so much about this is if you think of that pyramid growing, right?
You want your user pace to grow.
You want to scale up.
Many people will go outside of their brand to do that.
Let me pay for ads to bring new people into the brand. Let me do search and to optimization to show
up when people search for this thing or show up on YouTube, whatever. And that grows your pyramid
sure, but from the bottom, right? And again, you've got to work hard. It's reverse gravity.
You got to go up this pyramid, which takes work and energy. And then you have to convert them
into all those different spaces that I told you about. But if you are serving your audience and providing value
and giving them those experiences, those super fans will do the talking for you and when they bring
other people into the community, this is growing your community from the inside, right? And guess what?
No matter how big your brand is or how small it is, there's already people who are there who you
could serve in this way, who may do this for you.
When they bring new people in, they're not coming in cold, they're not coming in as a casual
audience member now.
Because of that trust that they've built together with that person that they're recommending,
I think it was Zuckerberg who said the best growth strategy is a recommendation or something
like that.
They're coming in already active, it's not already a part of the community because they're
coming from the inside.
So you can grow and scale your business
by growing the experiences that the people
who already are in your brand have.
And again, it's not just about selling them something.
That could be one part of the experience,
but what happens after they buy something?
One thing I talk about in the book
is this tool called Banzoro, BONJOR.
And what's really cool about that is you can set up a system
in which case when a person purchases your product
or becomes a member or even joins your email list,
you can get a notification on your phone that says,
you know, Hala just joined SPI Pro
or whatever the case may be.
I can in a moments notice, click on that notification,
it pops up a video recording opportunity
and just literally personalize a welcome
to the community for you and use your name and
welcome you and I can even collect more information up front to then include in that message. So imagine you just bought something and the founder or a
person who works at that company sends you a personalized video message welcoming you. I mean, you're already
feeling like, okay, I think I spent my money in a good place here. I can be more confident with this decision that I just made.
You're reinforcing that decision that they've made.
And when people buy something often, especially when it's educational, it's like, there's
always that worry, like, is this really going to work?
This helps soften that opportunity to have a person even think that.
Now they're thinking, wow, this is a great first impression.
And now that carries forward into everything else they're doing. It is about the experiences though,
because those are the stories that people can share, right? People are more likely to share
what they're going through the transformation they had versus, oh, you got to check out Pat's
course because lesson five about launching your show was amazing. No, it's you help me start a
podcast and get more connected to my audience.
And that one time I had a question, you had an answer for me.
It just meant so much.
And that's what people are saying every single day.
And of course, those people also become the people who create the best testimonials and
you become the best guests on your podcast.
I mean, it's just self-propeptuating at that point.
It's amazing.
We'll be right back after a quick break from our sponsors.
Young and profitors, what's something that we all use?
Online banking, of course, and if you're a business owner like me,
you know the frustration of dealing with fees,
minimum balances, and bookkeeping headaches.
But what if I told you there's a better way to bank?
It's time to take control of your money with relay,
the online banking and money management platform that's designed to take control of your money with Relay, the online banking
and money management platform that's designed to help you save money and run your business.
With Relay, there's no account fees, no overdraft fees, no minimum balances, which means that you
don't eat away at your hard-earned profits. And speaking of profits, Relay is the official banking
partner for Profit First. Michael McCallowicz taught me about profit first when he came on the show
back in episode number 219. To calculate profits, businesses typically use this formula. Sales minus
expenses equals profits. The profit first formula reframes this equation by putting profit first. The
formula becomes sales minus profit equals expenses. It seems like a subtle shift, but following profit
first with relay makes me way more mindful of profit margins and expenses.
And it also helps me identify areas of waste more easily.
The system also requires you to transfer predetermined
percentages of your incoming funds into different accounts
in order to cover things like profits, taxes, overhead costs,
and even your own owner's compensation.
Because the whole point of everything
is to pay yourself first, it's profit first.
With Relay, I can create up to 20 individual accounts
with no additional fees,
and really even lets me automate
my profit first percentage allocations
with smart transfer rules.
It's like having a financial sidekick
who's always one step ahead of me.
The best part is, Relay takes less than 10 minutes
to apply online.
Sign up for free, go to Relay Fi.com-profiting. Again, you can go to Relay Fi.com-profiting to sign up for free.
That's Relay Fi.com-profiting. Relay is a financial technology company not an FDIC-insured bank.
Banking services and FDIC insurance provided through EFOLV bank and Trust and Thread Bank members FDIC. The relay visa debit card is issued by Thread Bank, pursuant to a license from Visa USA
Incorporated and may be used everywhere Visa debit cards are accepted.
This episode of Yap is sponsored by Greenlight.
Here's something that every parent should consider, the importance of teaching your kids
financial literacy.
And unfortunately, everyday finance stuff like saving and investing is not taught in school.
If you want to ensure your kids grow up to be old and profiting, you've got to take control and you've got to try green light.
Green light is a debit card in money app designed for families. It offers kids and teens a fun and easy way to gain financial literacy.
And it gives parents that much needed piece of mind. With Greenlight, you can send instant money transfers, automate allowances, and keep a close
eye on your kids spending with real-time notifications.
You know, I can't help but think back to when I was a kid and did chores around the house.
I would have been a lot more motivated if I had seen that money deposited into my account
every time I completed a task.
Greenlight's chore feature is fantastic for keeping your household organized
and teaching kids the value of hard work. Greenlight is a complete financial learning experience.
Your kids can start their journey towards financial autonomy by learning how to save, invest,
and spend wisely. All through a user-friendly app. Sign up for Greenlight today and get your
first month free when you go to greenlight.com slash yeah. That's greenlight.com slash
YAP. Greenlight.com slash yeah.
These side marios all you can eat is all you can munch a soup, sell it, and gollic homo.
Yeah. And something that I want to call out is that this organic approach to building
an audience is really profitable. I knew that when I started my LinkedIn master class,
I tried an organic approach where I'd posted on my LinkedIn and we were just getting sales,
sales, flying off the shelves. You know, never had to do a paid ad. Let's say six months
into the course, we were doing it monthly. I was like, let's try paid ads. We'll just, you know, expand our audience. But what I found is that
we'd pay all this money for paid ads. People would come in as casual audience members,
like you were talking about. They wouldn't even show up to the webinar. There was like a
super low conversion rate because to your point, they didn't know me. They didn't trust me.
They didn't know my stuff. It was like, we had to teach them from scratch who I was.
And so we end up wasting a whole ton of money testing this out. And then I was like, forget it. Let's
just lean into the organic approach because that's obviously working and converting a lot better.
Yeah. 100%. I love that. So let's talk about the lyrics. You say we have to learn the lyrics of
our audience. So how can we get better at the language and understanding the language that
our audience members uses? And this reminds me of my my wife in fact because she's a huge fan of the Backstreet Boys.
I talk about them in the beginning of the book in fact. And I didn't know how much of a fan she was
until she took me into the closet and then showed me this bin of all these things including
bobble heads of the Backstreet Boys and framed of Nick Carter, who was her boy crush back
in the day.
And I started to ask her, like, when did you fall in love with this band so much?
Like, I just got very curious about it.
And she gave me a very specific moment in her life when she remembers really enjoying
the band and really when this whole journey started for her.
And, you know, she's gone to concerts and has met the boys and stuff, her boys and she
calls them. Anyway, and I'm an instinct fan. I don't know how we ended
up together, but we did. She said that when she was 15, this was a while back, right? And
so there was no Spotify, there was no iPod, it was just the radio, right? And she said
that she was listening to the radio moments after she had broken up with her boyfriend.
I mean, it was a bad breakup. She was like crying in her bed, a teenage girl in her bed crying over a breakup.
And she heard a song on the radio.
And she even said that she's like, I heard the song plenty times before, but this time
it meant something different because every lyric in that song was describing everything
she was going through that moment.
And that song was quit playing games with my heart by the backstreet boys. And when
you read the lyrics of that, you can understand how it would connect with a girl who's
going through that in their life. And she told me that that's when she really started
to dig deeper into the band, wanted to buy the album, and then ended up going to a concert
for her birthday that year, and all this kind of stuff started to happen, simply because
the lyrics matched where she was at in her life. And a lot of times in business,
we struggle because our lyrics
that we're sharing with our audience for,
what our product is, and just the stories that we're telling
aren't necessarily matching the lyrics
that a person in an audience is going through.
We need to match the words and the descriptions
of those problems as best as possible.
And I think it was Jay Abraham, a very famous old school internet marketer who said,
if you can define the problem better than your target customer,
they're going to automatically assume that you have the solution.
Right?
It's one of those cases where when you hear a person describe what you're going through
so well that you're just like, yes, thank you.
You understand me now.
If we can get our audience to think that way,
they're gonna be more likely to listen to what we have to say
to take out our recommendations,
to purchase our products and all those kinds of things.
So it's not just one thing to understand the problems
and pains that our audience is going through the challenges.
That's key, but what is even more important is,
how are they describing those problems?
In fact, one of my favorite things to do and offer to my students is to run a survey
to your audience because in that survey, you can literally ask the question, what's your
number one challenge right now related to blank, whatever it is that you're serving them
with?
And you want that to be an open-ended question because you want to get back the typed
messages in the words that your audience is using.
And then here's the cool part, and it almost feels like cheating.
You take those answers,
and then you just give them back to everybody else
in your emails and your sales copy.
And it's like, you get people going, wow!
How did you know I was feeling that way?
And it's like, because I've found other people
like you and literally asked them to tell me.
And it almost feels like cheating in that way.
But it's so great.
I mean, I've had people comment and go like, you just seem to know exactly what I'm going through
in life right now. How did you know? It's like, because, in a way, you've told me already,
and now I'm just giving it back to you. And that validates, wow, this is the person I should listen to.
This is the person I should learn from. This is the community I should join, etc. So,
that's how important understanding the lyrics is. This is why I think of a couple artists like Taylor Swift
who every lyric in her songs,
or just they're so cutthroat,
because they just matter so much to her audience
and they're very relatable.
Same thing with Olivia Rodrigo right now.
I mean, her words for a teenager are just like spot on
if you will, and that's why they're growing so much.
In addition to musical talent
and such, but the lyrics matter. So are you matching lyrics that your audience would respond to?
That's the question I want to ask your audience. Since you brought up Taylor Swift a few times,
I know that she calls her audience swifty. Can you talk to us about the importance of labeling your
audience or naming them? Yes, so this can happen on its own.
Your audience will kind of over time make up their own name,
but in some cases you might need to nudge a little bit.
And this is really important because this is where a person
can then start to put a name to who it is
that they're following and why, right?
And it allows an opportunity for those people
to kind of find each other too,
right? I imagine when a person who's a fan of Taylor Swift, I'm not a Swiftie, by the
way, nor am I a believer or a part of Beyonce's Beehive, but you can see how these names
a person can connect with another person. Hey, are you a Swiftie too? Cool. Now we have
this common language and understanding in an instant. We know some stuff about each
other just through that naming convention. And so one thing that we did on SPI was I had
to actually not forced. You kind of have to still have it be a little bit more natural
and it can take a little bit of of choreography to do this. But I ended up calling my audience
team Flynn. So team Flynn, why? Because we're all a team. We're in this, but I ended up calling my audience team Flynn.
So team Flynn, why?
Because we're all a team.
We're in this together and I'm just the team captain,
but I'm in the past.
You the ball sometimes, you're going to score,
but we're all going to celebrate because we're in this together.
So team Flynn, and there's like team Gary Vee, right?
And team Tim Ferris, so I'm just team Flynn.
And what it really did was allowed people to feel like
they're connected to me a little bit more and also each other in that way as fans of the brand and fans of the channel.
I think it was Seth Godin who said, you know, naming things is really important because
that's when you start to create substance for something that a person can now talk about
and connect with.
And it's that important in your brand and community as well.
Yeah, totally makes sense.
And I call my Yap Fam or Young Improfitters.
So I do the same thing.
Yap Fam, yeah.
Okay, so let's talk about mixing business and personal.
One of the biggest questions that I get,
I talk about personal branding a lot.
People are always like,
should I mix my business with my personal life?
What's your opinion on that?
Yeah, I mean, there's a different line
for every single person, right?
And it's not like, okay, if you say yes to that, okay,
and now I have to livestream myself eating waffles
for breakfast.
So that's not what we're talking about here.
What I feel like we need to discover is like,
well, what makes you you, right, as a person?
That's the biggest advantage you have over everybody else
in the same space that you're in is nobody is like you,
you are 100% different than everybody else that's
doing the same thing or talking about the same thing. And that's a very unique advantage that
you have. So to not share those things about yourself that make you you would put you at a
disadvantage, right? It reminds me of there was a website that I used to follow a long time ago.
This was back in my early affiliate marketer days, shoe money. Jeremy shoe maker was his name and he had a brand called shoe money. And I didn't really get involved in his brand very
much, but I did follow him simply because every once in a while, he would talk about UFC,
you know, being in the octagon and some of the fighters that were going to be fighting
in the right octagon. And because at the time I was someone into that,
I was like, oh, that's cool.
A fun, interesting fact about him
and it makes me more connected to the brand.
Does he talk about it all the time?
No, but it is something that shows up
and it makes me go, oh, that's a human
with that interest that is similar to mine.
That's kind of cool.
In a very similar way, I talk a lot about a movie,
one of my favorite movies called Back to the Future,
quite a bit on my brand.
And it just comes up naturally.
I'm not forcing that on anybody.
I don't talk about it all the time,
but when it does come up, people can see
that I do get jazzed about it
and I kind of nerd out about it a little bit.
And that's just a part of who I am.
It's a movie that's played a role in my own history
and it's just, I love it.
And now, like I remember in 2015,
that was a big year for Back to the Future
because that was a 30 year anniversary.
It's also the year that Martin McFly travels into the future. And so it was a big year for Back to the Future because that was a 30 year anniversary. It's also the year that Martin McFly travels
into the future.
And so it was a big year.
And every day that year, whenever there was any news
about Back to the Future happening
or the cast was on some talk show or something,
I would get linked to it all the time.
Bad, did you see this?
I back to the futures on, I just thought of you.
Now I'm able to like inception,
be a part of a person's life simply because they know
that about me.
And that's how that personal part of my brand
has played a role in providing more of a relationship
with my audience versus a transaction with my audience.
Right?
It's a difference between a relationship and a transaction.
And it sees things like the things that my friends know
about me, I want my audience to know about me as one,
maybe not everything, but the things that make me me,
if my audience knows that too,
then we can be two people who could start a relationship
together in that way.
And that report just means a little bit more
when those things are coming out.
So, I know, for example, Shilline Johnson,
she's a big snowboarder.
She's told stories before about snowboarding
and wanting to get into that industry as an
entrepreneur and then backing out because it would affect her fun that she would have
with that space.
So whenever I think of snowboards now, I think of my buddy Shaleen Johnson, right?
I think of another friend of mine, Thomas Frank, who is on YouTube and how he used to play
magic the gathering because when I was a kid, I used to play magic the gathering and
nerd out on that too.
And apparently I have this whole giant side of my audience that are all marching band nerds because
I was in marching band when I was in high school and in college and I also did drum core as well.
And it's funny because I remember to finish off the story really quick, in my podcast,
a smart passive income podcast, I have a fun little fact about me shared by my voice over guy
in the beginning of every episode and there's nearly 750 of those now that are out there.
And it's funny because when I go to conferences,
people will bring up those fun facts that they remember.
There was one time this woman talked about how she also had
a very large baby when she had a baby
because I was 11 pounds 12 ounces when I was born.
And that like random little fact just made her go,
oh, like connected her to me a little bit more.
So again, you could see how these things can play a role.
They're not the center and you don't want them to be the center, but they add more color
and flavor to the brand and allow people to connect with you on a little bit deeper
of a level.
So smart.
I love all of these tips.
So I'm going to read an excerpt from your book that I thought was really great. Summerize is a lot that you just said. You say, instead of spending money on ads,
spend more time on people, instead of worrying about the latest growth hacks and strategies,
worry about identifying and addressing the biggest pains and problems of your target audience,
instead of figuring out how to optimize your conversion rates, figure out the rate at which you're
able to connect authentically with your audience and make them feel special.
So speaking of making them feel special, I interviewed the CEO of Thrive Cosmetics and she's
like obsessed with making her audience feel special.
She even named products after her best customers, which I think is awesome.
What are some great ways to make her audience feel special?
Well, we talked about one of those ways earlier, which is just to give them a little bit of
time, the little, what's up strategy that I talked about.
Putting a spotlight on your audience, just like how we talked about putting a spotlight
on some of your community members before, that can be absolutely key. When you actually
showcase and take the spotlight off of you and put it on your people, this is what Donald
Miller talks about in his book Story Brand. Your audience becomes the hero of the story. The Luke Skywalker or the Princess Leia's, you are just the Yoda
now that everybody wants to go to so they can have the same transformational story that they did.
So featuring their story, uncovering that case study and really getting into the before and
after and celebrating them will in a way also celebrate your entire audience. And even though
you're just focused on one person at a time,
people can relate to that or see a future version of themselves in that
transformational story, which is key.
And that makes them feel really special.
Even just mentioning them, I love the idea of naming a product after
I think for a cosmetic line that's absolutely genius.
Mr. Beast invites some of his audience into challenges that he has.
There's a lot of brands that do a really good job of doing that Lego is another one that I talk about in my book because they actually have a website called ideas.
Lego dot com.
So Lego ideas any fan can create a Lego creation out of the bricks that they have.
Upload it and if it gets enough votes it will be considered to be actually manufactured by Lego itself.
And you get a little bit of a royalty on that product if the community votes it up to.
So what a way to recognize the people who are actually buying your products by allowing
them to get involved in the design process.
I think even the founder or CEO said, you know, we have like hundreds of designers in house,
but we have hundreds of thousands
of potential designers out of house
that we could put a spotlight on and reward as well.
So I think this is an awesome opportunity
for you and your team,
anybody listening or watching to get creative
with how can we make our people feel something?
And if you wanna get even more meta with it,
bring one of your own people into that meeting.
I mean, what a way to make them feel like
a part of the process,
but also they're gonna have a voice of the community
that will enable you to do that even more.
And so you're teasing out this concept
that you talk about in your book called Co-Creation, right?
And I know that Amy Porterfield, who's in my network
and one of my close friends,
she does a really great job of co-creation.
Can you give us some examples of how an influencer or somebody
who has a big audience can co-create with our audience?
Yes.
So there's a number of different ways to do this on a smaller scale.
If, let's say, for example, you have a book coming out,
you could simply offer a few different choices for book
covers and say, hey, everybody, which cover do you like best
or do you have any suggestions?
And this is a cool way to kind of get people involved,
to get the people a little behind the scenes,
it opens up the factory door a little bit,
but it also gives them an opportunity
to have a voice in something,
which I think is really cool.
One thing that we're doing is we're bringing
a few of our community members,
not just on podcast episodes,
to spotlight their transformation,
but we're actually giving them the opportunity to teach something.
We know that we have a lot of people in our community
who are much smarter at certain aspects of business
than I am or my team is.
So why not invite them on and have them become an expert
that can be seen in front of everybody?
And that is a way for us to add to the SPI curriculum
from SPI members itself, which is really amazing.
I mean, again, I think that when you are creating anything,
asking yourself the question, how might I be able to get my audience involved
in this is wonderful.
I think there's a lot of opportunities that a lot of creators have to do that.
And collaborations are another great way to do this.
If you are a YouTuber, bringing another person on who is another YouTuber into
your community
and shooting a video together is a great way to do that.
A lot of people I see today are collaborating on building their email lists.
I'll share your list with mine if you share mine with yours.
There's a lot of interesting ways to do that.
I think collaborations, we see that a lot in going back to the music world.
Bruno Mars' first song that everybody heard him on was not his own song. He was a guy
named Travi who is a rapper who had the song billionaire. I want to be a billionaire.
Bruno was the chorus. He was not featured. And then guess what? His album came out later, but we
all already fell in love with his voice and his style. So doing that in our world as entrepreneurs,
collaborations, bringing in inviting people into your LinkedIn group,
or Facebook group, or whatever,
and having them take the lead every once in a while
is a great way to do this and create
and serve the community together.
Amazing. Well, you just dropped so many gems,
young and profitors, if you want to go get super fans,
I'm about to make it required reading for several
of my team members because it's just so good,
especially if you're building a community you need to read this But I'm not sure if you're going to be able to do that. I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that.
I'm not sure if you're going to be able to do that. I'm not sure if you're going to be able to do that. I'm not lot of experience in the evolution of marketing.
Yes.
Yeah, I think so.
So talk just about what are the biggest things
that you've seen changed?
And in 2023, what are the biggest things
that you're focused on in terms of just staying
on top of all the change that's happening?
Yeah, I mean, to do that, the latter's to stay on top of it.
It's just to listen and to offer avenues to listen.
We do something in our community called a town hall
where we invite people to come in and actually express
their voice and express their opinion
and share what they have going on.
And if you don't create a space for that to happen,
everything's just gonna be in a vacuum, right?
And then you're not even gonna be able to hear it.
So that's number one, but number two, community,
community, community.
This is gonna be the future of business.
And this is where a lot of businesses are now actually
scrambling to figure it out because they know
that things that once worked did not.
Search engine optimization is not as successful as it once was.
It wasn't as much of a hand me out
as it was back in the day.
There are a lot of different changes
in different industries that are happening
where at the center of it all,
it's just, how do we bring our people together?
And I think that's always been the case.
We've maybe lost that over the years
as these new technologies, new platforms have come out.
But I think we're looking for ways
to bring that even together now.
And you're even seeing platforms like a YouTube
and Twitch figure out how to better create
that membership experience in those platforms.
And I think we as entrepreneurs can step up
and do that for our own people in our own unique ways too.
So again, when you step up to facilitate
and bring their community members together,
that there's nothing but heighten your brand
and develop that sort of insurance policy of community
that will go with you no matter what happens
into the future.
Well, thank you so much for all your insights.
I end my show with two questions that I ask all my guests.
And this doesn't have to do with the topic of today's episode.
You can say whatever you want.
Okay.
What is one actionable thing our young and profitors can do today to become more profitable
tomorrow?
My favorite thing to do and I still do this is I reach out to people individually on
my email as brand new email subscribers.
And I try to get on a Zoom call with them.
And I just want to chat and get to know them, hear the lyrics from their own
mouth and understand what their biggest challenges are in real time.
And people are very surprised that I do that 10 times a month still with an audience of
millions, but it's so helpful.
And even just one of those conversations can turn into gold for you as far as the understanding
of who you're trying to help and how.
So that would be my best recommendation.
Try to get on a Zoom call or a phone call or a DM at least exchange to one of your audience
members and just kind of dig a little bit deeper than you normally do.
Hear that, young and profitors.
Learn the lyrics and Pat, what is your secret to profiting in life?
Honestly, just serving first.
That's a mantra of mine.
My earnings are a byproduct of how well I serve my audience.
So it's all about serving first.
And doing that without even asking for anything in return,
because this world has this amazing way,
the law of reciprocity, right?
The universe just will in some way shape or form pay you back
one way or another.
It might not be monetary, it might be through honest feedback,
constructive feedback, it might be through recommendation.
But when you step forward to serve others,
the world has a way of serving you back.
I love it.
Where can our listeners learn more about you
and everything that you do?
Thank you so much.
SmartPastofincome.com is a website.
Everything from our all-access past to SPA Pro
is in the podcast, it's linked there.
And I have a personal website to patflin.com
or you can find me at Pat Flynn
on most social media platforms.
Amazing, he is not hard to find,
but I will stick all the link in the show notes.
Thank you so much, Pat.
Thank you.
BAM!
Yeah, BAM, I just love it when I get to speak to an OG
like Pat Flynn.
He is one of my role models, and he's got such awesome insights on how to build a meaningful
community for your business and brand.
People are really craving connection right now, but it takes work to harness that craving
and to satisfy it.
Pat talked about how he sometimes thinks of his online courses as a physical, empty space.
A space that he needs to proactively show up in.
One that he needs to make others feel safe and welcome in.
If you want others to post stories and videos on your platform,
then you've got to get into that space first
and post your own stories and videos.
You've got to get that ball rolling yourself
and set an example.
And once it's rolling, your community
will take a life on its own.
People will connect
with each other, they'll make partnerships together, they'll hold each other accountable, and start
to do things without you always having to be involved. But you'll all start to feel like you're part
of the same team. You'll win together, lose together, and bond together. And if you can turn
those followers into what Pat calls super fans, then you'll have what's basically an unpaid marketing team at your disposal.
You've paid them with experiences and insights you've provided, and they'll pay you back in turn.
They'll hoist your flag high as Pat puts it. In fact, I remember when I first launched my LinkedIn Secrets Masterclass,
I poured so much time and energy into it, and the people who took it felt like they got 10 times more value than what they paid for.
And before I launched my affiliate or referral program, I was getting testimonials left and right, video testimonials, comments on all my posts,
proactively trying to convince people to take the course.
Your super fans will literally sell for you if you provide them value, especially if they want to see their community grow with more like-minded
people.
Finally, sometimes creating a new superfan can take just a few seconds of your time.
Pat still does this to this day.
He's so famous already.
He's got millions of people that already follow him and he still does this every single day.
He'll send a quick little video message to respond to his followers comments on social
media and he gets a 95% reply rate.
People are thrilled to hear from him personally.
Sometimes it's just that simple.
Thank you for being a part of this young and profiting community.
If you listen learned and profited from this conversation with the inspiring Pat Flynn,
please share this episode with your friends, family, and online community.
And if you did enjoy this show and you learned something new, then why not drop us a five-star
review on Apple Podcasts.
If you're a super fan of ours, I want to know about it.
You can also find me on Instagram at Yapathala or LinkedIn by searching my name, it's Halataha.
And before we wrap, I have to give a big shout out to my incredible Yap production team.
You guys are awesome.
Thank you so much for all that you do behind the scenes to make these interviews possible.
This is your host, Halataha, aka the podcast princess, signing off.
you