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21 Incredible Lessons Learned from Pat Flynn of Smart Passive Income

I don’t think there’s any secret here – I’m a huge fan of Pat Flynn from Smart Passive Income, and I’ve been a loyal reader of his since early 2009 (just a few months after he launched SPI).

If you’ve followed my blog for awhile, you’ve seen me mention or link to Pat at least a dozen times. That’s what happens when you consistently post epic content in the way that Pat does.

Anyway, I wanted to put together a little tribute to him, by compiling some of the many valuable lessons he’s taught.  I put a lot of time into curating this list, so hopefully you find these lessons useful.

There may even be a few here that he didn’t realize was was teaching… :)

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THE Best Way to Figure Out Your Target Audience

When I was brainstorming a new site (which led to the creation of The Daily Interview), I spent a lot time thinking about target audience.

This is obviously one of the first things to consider when creating a new site or business. Without a target audience (or the right target audience), you could have the best idea in the world, and it could still easily fall flat.

OK, you get it. Target audience is important.

What I’m going to propose as THE best way to figure out your target audience is shockingly simple.

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5 Awesome Online Businesses and WHY They’re So Successful

Due to my recent string of bad earning months, I’ve found myself looking for a new direction to where I want to go with my online business.  Most of my ideas revolve around creating website content (i.e. traditional blogging for a given niche), but I’m open to exploring other options.

This downturn in my online business has led me to research and explore other online businesses that are currently finding a lot of success. I’m not looking to become a copycat of any sort, but I do think that you can look at any successful business and take away at least a few gems of information that can help you build or improve your own business.

So, I present to you, five online businesses that I’ve decided to take a close look at, and really get to the heart of why they’re so successful.

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The Plight of the Wantrepreneur

I’ve done a lot of thinking lately about my online business, and where it fits into the context of the rest of my life.

People often stress out about not having enough opportunity, but I’ve found that sometimes having too much opportunity can be just as overwhelming.  Time is forever a limiting factor, and it’s this limitation that creates wantrepreneurs instead of entrepreneurs.

As I reflect on my past 3+ years working online, I thought it would be interesting to write it all out in a blog post.  Warning: This post is a lot of rambling, but I promise to keep it fairly brief and concise. :)

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How to Turn Your Internet Marketing Business into a REAL Business

For most people (myself included), internet marketing begins as a side project. You work on your websites and whatnot on weekends and after you get home from your “9 to 5″ job.  At first, you don’t earn a lot, but if you stick with it, you slowly but surely begin generating real income.

Some people hit it big very quickly and others fade out just as quickly as they faded in.  If you stick with it, you will eventually reach a point where you have to begin treating your internet marketing activities as a real business.

Today, I’m going to show you exactly how to do that.

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Will You Give Up Blogging and Internet Marketing in Exchange for This?

Note from Eric: This is a guest post by Sunil, an internet entrepreneur who has seen a variety of successes online, including several website sales for five and six figure amounts.  Sunil and I initially connected because we share similar professional backgrounds (we’re both CPAs and previously worked in public accounting) – he has since become a full-time internet entrepreneur and has been making money online for the past 9 years (longer than many of the so-called “gurus” out there), so I respect his advice and was happy to publish his guest post here today.  You can read more about him and his blog at the end of this post.

When I started my ecommerce business online, my motivation was pure profits. Years after selling that business for a six figure sale price, I found myself online with a portfolio of several profitable niche websites and now a successful blog.  However, my underlying motivations today seem to have evolved.  Am I alone in this boat?

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The owner of this website, Eric, is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking http://www.my4hrworkweek.com to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com.

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