Category Archives: Smart Passive Income

After Peter Lely [Public domain], via Wikimedia Commons

SPI #131 – First Law of Business (stolen from Mr. Newton)

Pat postulates the first law of business which is actually Newtons first law of motion – he just interchanged the word object with business:

“Every business in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.”

Meaning if you have no business, and are dreaming about one, but actually not doing any thing, you will have none.

If you have a business, but is does not so good, and you are not changing anything, it will not get – most likely – get better by itself.

If you have a business, and it does fantastic, and you are not changing anything – according to the law above – it will stay fantastic … but most likely there will be another law derived from the second law of thermodynamics that will show that it will get worse …

Did you notice that business people – especially management consultants – always borrow from physics or even better from quantum physics?

… more about Pat’s Law …

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By Okänd (Hakarps bildarkiv) [Public domain], via Wikimedia Commons

SPI #128 to #130 – Affiliate Links & Income Report & Five Reasons not to become Self Employed

Pat is not sure if he should hide his affiliate links … well he does now (end of 2013) … seems he made up his mind …

… and we have reached September 2009 … his income report for August 2019 is up a couple of hundred bugs, has not reached its former height, but more than 9.000,- is not bad at all …

After one year of self employment, Pat gives five reasons why you shouldn’t:

  • You are responsible for everything, you make your own decision, nobody tells you what to do … of course that’s one of the reasons to become self employed … but sometimes you would like to hand over that responsibility and just do tasks somebody tells you to do …
  • You are master over your time, you can schedule on your whimsy … which again is nice, but sometimes, you actually will do nothing, and other times you do too much …
  • Procrastination … it’s really much easier to achieve a mind of procrastination than at a work place where your boss looks over your shoulder all of the time …
  • You are sooo alone, no coworkers, … well that depends on the size of your company 😉
  • No benefits, … true, you get no retirement plan (actually not true, set up one yourself!) … no medical, or dental plan (again, setup one yourself!) … no paid vacations (wasn’t the idea of passive income, to get paid even when you are not working?) … no free lunches (… which you actually can pay for yourself when you earn more …)

… more on Pat’s insights …

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Georg Melchior Kraus [Public domain], vom Wikimedia Commons

SPI #125 – to #127 – App Promotion & Informational Content & It’s a Boy

Pat tried to contact reviewer sites for his new App iCaption. But got virtually no feedback. Now he tries a different approach: a contest

… and he reveals three ways to sell your informational content:

  • a book
  • an audio book
  • a video

… and his boy is born, congratulations … (now you know his name, his birthday … another open door for identity theft 🙁 )

… more about Pat’s strategies …

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von Prof. Dr. Waldemar Pelz, FH Gießen-Friedberg.Wolberg77 at de.wikipedia [GFDL (http://www.gnu.org/copyleft/fdl.html), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0), CC-BY-SA-3.0-de (http://creativecommons.org/licenses/by-sa/3.0/de/deed.en) oder GFDL (http://www.gnu.org/copyleft/fdl.html)], vom Wikimedia Commons

SPI #122 to #124 – Income Report & eHow & Marketing

Pat’s income for July 2009 is “down” to 9.000,- USD. While it is still an impressive number, compared with his income for June 2009 its a only one third …

… and he wrote another post on eHow

… and finally the big secret on success: MARKETING (… its important, and there are lots of different methods, … and we do not want to do it …)

… more about Pat …

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By michael kooiman (originally posted to Flickr as sweet success) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

SPI #119 – Financial Success

Pat asks how to know when you have reached financial success?

The answers he came up with:

  • When you are able to spend lots of money on charity.
  • When you don’t have to worry about your bills.
  • When you don’t have to live from pay check to pay check.
  • When you are dept free.
  • When you have enough money to retire.
  • When you have payed off your house.
  • When you have payed off your children’s education.

… more about Pat’s theories …

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By unknown (not relevant to copyright status) [Public domain], via Wikimedia Commons

SPI #118 – New iPhone App

Pat shows screenshots of his – soon to be posted / remember we are in July 2009 – new iPhone app called iCaption. I don’t really understand its concept. Everyday they app shows a new picture which the user is allowed to comment, or can vote on existing comments … What’s the incentive to buy that app? If that app was a success, Pat is really a marketing genius!

… more about Pat and his apps 😉

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