Category Archives for "The Art of Passive Income Podcast"

Persistence Beats Resistance—One Abandoned Deal Is For Another To Steal

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Mike Zaino
  • Erik Peterson
  • Tate Litchfield
  • Nian Wang
  • Scott Todd

The guys have just returned and are recovering from a successful Bootcamp weekend in Scottsdale, listen in as they go over their biggest take-aways.

The one thing that I took away, that always amazes me is the community. It’s more like family than a community—Tate

The guys also tackle: 

  • How to remove yourself from the business—when you don’t have any revenue coming in.
  • List Pricing—How do you determine a value when comps are all over the board? 

Plus, tune in to hear why Erik’s, No Country For Old Men deal left Mark wishing he had been more persistent. And you don’t want to miss Scott’s special service announcement!

TIPS OF THE WEEK

Mark: Delete Apple Mail from your phone. If you want to check your email, go to your laptop or computer in the office!

 

Scott: Read the book, Ready Player One by Ernest Cline.

 

Erik: Check out Polymail.io—a mail client for Mac that has similar features to Boomerang and Mixmax.

 

Nian: Check out CamelCamelCamel.com—a free Amazon price tracker.

 

Mike: “Mistakes are part of the game. It’s how well you recover from them, that’s the mark of a great player.” – Alice Cooper

 

Tate: Check out the official Hamilton app to enter the lottery or buy show tickets. Also, check out SendOutCards.com to create a personalized card and send it out automatically.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

How To Take An Itch And Make It A Thriving Business

In today’s episode of The Art of Passive Income, Mark and Scott talk to Vinay Patankar who is co-founder and CEO of Process.st —a task and workflow automation for teams. He is also co-host on the Business Systems Explored podcast. 

Vinay shares how he turned an idea into a thriving company and it all started with the lessons he learned from his first start-up.  

  • The desire to solve a real problem.  
  • Putting together the right team.
  • Being in a strong position before talking to investors.  

Listen in as the guys delve deep into the processes of Process Street and how to integrate it into your team workflow. 

TIPS OF THE WEEK

Mark: Learn more about Vinay by going to his website at Process.st.

Scott: Check out Surfly.com. This website allows you to share screens with other people on their web browser.

Vinay: Read the e-book The Ultimate Guide to Business Process Automation with Zapier by Benjamin Mulholland.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Three Deals On The Table—One Huge Dilemma

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Mike Zaino
  • David Banales
  • Tate Litchfield
  • Nian Wang
  • Scott Todd

Today’s Topics:

  • Best friend buyers—Breaking up is hard to do! The deal is done, but the buyer is still in constant contact with you via email, text, and phone calls at midnight!  How do you break up with those buyers who abuse the relationship?
  • Attorney threats—Have you ever had an angry response from an offer letter with threats of a lawyer? The guys go over their experiences and how they handled it.
  • Ethical dilemmas—David shares a situation that involved a bidding war with three neighbors and finds himself in a dilemma. Does he go with the lowest offer that he had already committed to? Or does he try to get out of the commitment and go with the much higher offer? Everybody weighs in on their thoughts. 

Listen in to hear what deal David chose and to find out why this episode goes completely off the rails!

TIPS OF THE WEEK

Mark: Check out PicSnippets.com—Automate personalized picture engagements for $20 a month!

Scott: “Wisdom, compassion, and courage are the three universally recognized moral qualities of men.”

Check out Brandmark.io—it’s artificial intelligence for your logo.

David: An email marketing tip—the second subject line. In Gmail inbox, you see the subject line in bold, and then you see the beginning of your email. When sending out to your list, Sell the click in that first line of your email!

Nian: Check out Bonjoro.com—send personalized video messages through email.

Mike: “Honesty is the first chapter in the book of wisdom.” Transparency in this business is huge. People can smell fake; it’s very easy to ruin your credibility.

Tate: Check out the Chrome plugin—StayFocusd. It will prevent you from visiting the websites you want to avoid for X amount of time.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Why Businesses Fail—Focus On What You Enjoy For Successful Results

In today’s episode of The Art of Passive Income, Mark and Scott talk to Siimon Sander—Founder and CEO of Oscar Hamilton, a company that offers podcast production and editing services.  

Siimon is also the host of the Entrepreneur Decoded podcast and has interviewed over a hundred successful entrepreneurs.  

Today we talk about the lessons Siimon learned from a failed business and the one lesson he learned from his dad that could be a good example for us all. 

-The biggest lesson I took from my dad was, treat people kindly and don’t expect anything in return. 

We also delve deep into the importance of having goals to work towards, even when you’ve “made it“, because it can always go away tomorrow.

A few things to keep in mind as you grow your business: 

  • Leisure is a perk, not a goal
  • Keep your ego in check
  • Don’t be attached to success
  • Always keep growing and learning
  • Last but not least, ENJOY what you do!  

Plus, listen in for Siimon’s answer to: Of all the people you’ve interviewed on Entrepreneur Decoded, what three people would you pick to come to a dinner party at your house and what would you talk about?

TIPS OF THE WEEK

Mark: Start decoding entrepreneurs and learn more about Siimon at EntrepreneurDecoded.com.

Scott: Read the book The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life by Mark Manson.

Siimon: Read the book Man’s Search for Meaning by Viktor E. Frankl.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

August Acceleration—It's Time To Double Down!

In today’s episode of The Art of Passive Income—Round Table edition, He’s back baby! Mark returns from his month long hiatus, well rested and motivated for the next business venture!

Joining Mark are:

  • Erik Peterson
  • David Banales
  • Tate Litchfield
  • Mike Zaino
  • Scott Todd

Today’s Topics:

  • The constant check bouncer—Handling those who are constantly making late payments or bouncing checks.
  • Keeping August rolling—The guys go over different promotions and ways to double down this month to keep the deals flowing.
  • Unplugging—Mark took the month of July to completely unplug and step away from the business. While it was a humbling experience, the wheels ran smoothly without him and revue was up, he was able to find the bottlenecks and fix them.

Sometimes you get lost focusing on the destination, you lose sight of how fulfilling the journey can be. –Mark

The guys all share their wisdom about taking time away from the business.  

Plus, will the hazing commence or will Erik burst Mark’s bubble?

Listen in now for all the details! 

TIPS OF THE WEEK

Mark: Check out CrwdBoost.com. For $20 a month, they build up your instagram and twitter accounts by figuring out the perfect audience for you then targets that audience.

Scott: Read the book The Science of Getting Rich by Wallace D. Wattles. It’s all about mind set. If you understand that everything you want to achieve you can do so and you just have to follow this formula like you would in algebra or math, that’s the teachings of this book. 

David: Check out Streak.com for Gmail—It’s CRM for your inbox.

Erik: Read the book Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh. It’s about Zappos and basically how you built a business and brought it to what it is today. It’s highly focused on customer service.

Mike: “I find mucking stalls strangely similar to raking a zen garden.” Automating your systems, automating something in your life that’s difficult doesn’t have to be dreadful. Take the time, enjoy the process, document what you’re doing, and then automate that one small part.

Tate: Check out OnRoadMap.com—an outline for managing big projects.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

How To Train Your Brain To Grow Your Business

In today’s episode of The Art of Passive Income, Mark and Scott talk to Dana Wilde—TheMindAware.com.

Dana is the best-selling author of Train Your Brain: How to Build a Million Dollar Business in Record Time and host of the Mind Aware Show. 

She took two businesses to a million in revenue in just 19 months. Today she talks to us about training our brains to grow our businesses, and it all starts with a simple mantra. By repeating that mantra 20-30 times a day, it opens up your mind’s awareness to see things that you might not have seen otherwise.  

Dana explains that brain scientists estimate that we are walking around in an unconscious state 95% to 99% of the day. And if you can get more aware as little as half a percent of the day, you’re going to start to see tremendous change in your life.  

Dana delves into the reticular activating system—A matchmaker in your head that listens to what you think and talk about and then matches them together, bringing them into your awareness. 

Her 4 step process that helps open your mind to positive change:  

  • Step 1—the most important, is waking up and being aware. 
  • Step 2—deciding what message you want match.
  • Step 3—talking about the current situation in a way that feels good. So you’re changing the script.  
  • Step 4—feel good.  

Does this positive talk and thinking really work? 

Listen in as Dana gives examples of how we already use the reticular activating system in our daily lives now. Plus, she gives us a 72 hour exercise to test her theory. 

TIPS OF THE WEEK

Mark: Learn more about Dana by going to her website at MindAware.DanaWilde.com.

Scott: Check out the app Lingbe—an app that allows you to practice a language with native speakers anywhere.

Dana: If you focus ONLY on what’s going right in your business, then you will get more of that. If you have a setback or something goes wrong, then acknowledge that for 10 seconds, take the lesson, and move on and put 100% of your focus on what’s going right.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Loan Modifications—Nice Guys vs The Mean Guys

In today’s episode of The Art of Passive Income—Round Table edition, Scott is joined by:

  • Nian Wang
  • Aaron Williams
  • Tate Litchfield
  • Mike Zaino
  • Erik Peterson
  • Aaron Visocnik

This Week’s Topics—that leave the group divided between the good and the heartless:

  • Loan Modifications—Under what circumstances do we modify loans and do multiple modifications ultimately lead to default?
  • When a mailing generates multiple properties scattered across the country from one seller—The guys share what they do in this situation.
  • The slow month of August—Do you just try to keep it stable or should you strive for growth?

Listen in now as the mafia geeks have a showdown over good vs mean strategies! 

TIPS OF THE WEEK

Scott: Check out UseLoom.com—A communication tool that allows you to do screen sharing, recording and can hold/store videos for you. Also mentioned, Trint.com.

Aaron A: Read the book The Way of the SEAL: Think Like an Elite Warrior to Lead and Succeed by Mark Divine. This book will help you get your mind right when trying to achieve something in the same way a navy seal would do to achieve things.

Nian: Check out Nuclino.com—To organize information for VAs.

Erik: Check out HipCamp.com—The Air BnB for campers and maybe an alternative for those properties you can’t sell?

Mike: Knowledge is learning something new every day, Wisdom is letting go of something every day—Letting go of something every day is relevant to those in this business when it comes to VA’s and automation. 

Tate: Check out Wonder-Bot.com—A Facebook plugin that helps you store information.

Aaron V: Read the book Content Inc.: How Entrepreneurs Use Content to Build Massive Audiences and Create Radically Successful Businesses by Joe Pulizzi. This book will tell you how to draw crowd to your buyer’s list.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

What Is Your Time Value? Work Less To Get More Of The Things You Love

In today’s episode of The Art of Passive Income, Mark and Scott talk to Robert Mallon and Bill Watkins, Founders of the Rusty Lion Academy—A coaching program designed to help you get in control of your business and your life.  

Bill is a West Point graduate, decorated Army officer, world class athlete, corporate executive, and an entrepreneur. 

Robert is a nationally recognized professional speaker, business coach, and mentor.

Together they help others reach that perfect balance between work and home life by changing their mindset and helping them build a strong foundation to support their goals.

How do they avoid the tyranny of the urgent? By setting up their days correctly. 

  • Always having a plan for the day written down
  • Prioritize that plan
  • And delegate

All are key factors for success in any business to help it run seamlessly!

Are you on the right track to get you to where you want to be 25-35 years from now?  

Listen in now to hear what it will take to get you there. 

TIPS OF THE WEEK

Mark: Learn more about Robert & Bill by going to their website at RustyLionAcademy.com.

Scott: Check out the website TheRemoteLife.com. This company plans 30-day trips where they bring together professionals, freelancers and entrepreneurs to work, live, and travel.

Robert: Get out of your comfort zone. Keep one foot out of your comfort zone at all times. Also, read the book Essentialism: The Disciplined Pursuit of Less by Greg McKeown. 

Bill: Read the book The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want

Scarcity Mentality—Time To Change Your Mindset!

In today’s episode of The Art of Passive Income—Round Table edition, Scott Todd continues to fill in for Mark while he is away for the entire month of July.

Joining Scott are: 

  • Mike (Zen master) Zaino
  • Tate (New DAD on the block!) Litchfield
  • Nian (#TeamMark) Wang
  • David (shhhh) Banales 

Today’s Discussion:  

Have you ever had to answer to THE POLICE? —As in the law enforcers, not the popular band.  

Tate shares a recent incident that involves the police, threats of a law suit, squatters, the press AND the President! But don’t worry, Mike has a team of bounty hunters ready for hire! You don’t want to miss this!  

Plus, we go over what to do if you are suddenly without a VA. Are you prepared if your VA just up and quits on you? The guys go over their backup plans. 

Finally, we delve into scarcity mentality. We will show you why you need to change your mindset from scarcity to superabundance mentality!

TIPS OF THE WEEK

Scott: Try the Hazel App for MAC to set-up rules.

Mike: Even a fly can travel 1000 miles if he grabs onto the horse’s tail. We have an established system that works and you can make it happen by following the proven system! 

Nian: WiseStamp.com for email signature templates and dynamic elements.

Tate: Boomerang for Gmail—take control of when you send and receive email messages.

David: SpeedTest internet speed tester. Also, tip 2, use Gmail filters to help organize your inbox. Tip three, hire a VA! 

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

What Is The Best Marketing Strategy? Create Zombies!

In today’s episode of The Art of Passive Income, Mark and Scott are joined by Peter Shankman—Shankman.com

Peter is best known for founding Help A Reporter Out, (HARO) which became the de-facto standard for thousands of journalists looking for sources on deadline, offering them more than 200,000 sources around the world looking to be quoted in the media.  

The New York Times has called him a public relations all-star who knows everything about new media and then some

His Faster Than Normal Podcast embraces the concept that having ADD or ADHD as a gift and not a curse. 

Peter is also the author of five books. His latest, Zombie Loyalists: Using Great Service to Create Rabid Fans, he wrote while on a plane to Hong Kong and back again with only a 2 hour layover in between. His only agenda for traveling to Hong Kong was to write the book! 

It’s about knowing the way you work and being able to master that in such a way that you do it well.   

He talks to us about the premise behind Zombie Loyalists—someone who is so in love with a brand or a product, they want to share that with the world. And how to create Zombie Loyalists in your own business.  

A few factors are: 

  • Going above and beyond.
  • Being accessible
  • And making sure that everyone in your audience is benefiting by the information you’re giving. 

Peter also shares how you can find the right audience for YOU!  

Plus, in what area does Peter see companies ruining their marketing plan? 

Listen in to find out now…

TIPS OF THE WEEK

Mark: Learn more about Peter by going to his website at Shankman.com.

Scott: Check out the new and updated Process.st. They have new tools, platforms, etc. 

Peter: Go and check out Reddit.com. It’s a website that allows you to learn anything you possibly want. There are topics on every conceivable thing known to man. 

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want

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