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354: Turning a Service Business into a Passive Income Stream - Part 2

354: Turning a Service Business into a Passive Income Stream - Part 2

FromThe Side Hustle Show


354: Turning a Service Business into a Passive Income Stream - Part 2

FromThe Side Hustle Show

ratings:
Length:
42 minutes
Released:
Sep 26, 2019
Format:
Podcast episode

Description

Sick of trading time for money? Looking for ways to turn a service or a skill you already have into a digital product? This is exactly what Matt Bochnak of HowtoMotorcycleRepair.com has done. He’s turned a "blue collar" service business--repairing motorcycles--into a lucrative business with multiple streams of time-leveraged income. This is a “Where are they now?” episode. I first caught up with Matt early in 2016 when he was a guest on episode 160 of the Side Hustle Show. Back then, Matt’s revenue split was about 50/50 between repairing bikes and selling the video guides of the repairs. Overall, his business was doing around $800-$1,000 a month. Fast forward almost 4 years later and Matt is earning $4,000-$5,000 a month, still on the side from his day job. What’s more impressive is that this boost in revenue is mostly from passive income streams, and he’s spending less time than ever in his garage. If this sounds like a side hustle you’d like to replicate with your own business, tune in to hear how Matt’s creating content without repairing customer's motorcycles, and the various passive income streams he’s built up over the past 4 years. Related: Need a website for your service business? Here’s the fastest and cheapest way to get one online.
Released:
Sep 26, 2019
Format:
Podcast episode

Titles in the series (100)

The Side Hustle Show is the podcast for part-time entrepreneurs who are looking for actionable tips and strategies on how to turn their side hustle dreams into reality. We cover all aspects of small business including marketing, sales, websites, social media, and more. Learn from experienced side hustle entrepreneurs the tactics you can implement today to take your ideas to the next level. Hosted by Nick Loper, Chief Side-Hustler at SideHustleNation.com.