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

Published: Sept. 26, 2019, 9 a.m.

b'Sick of trading time for money?\\nLooking for ways to turn a service or a skill you already have into a digital product?\\nThis is exactly what Matt Bochnak of HowtoMotorcycleRepair.com has done. He\\u2019s turned a "blue collar" service business--repairing motorcycles--into a lucrative business with multiple streams of time-leveraged income.\\nThis is a \\u201cWhere are they now?\\u201d episode. I first caught up with Matt early in 2016 when he was a guest on episode 160 of the Side Hustle Show.\\nBack then, Matt\\u2019s 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.\\nFast forward almost 4 years later and Matt is earning $4,000-$5,000 a month, still on the side from his day job. What\\u2019s more impressive is that this boost in revenue is mostly from passive income streams, and he\\u2019s spending less time than ever in his garage.\\nIf this sounds like a side hustle you\\u2019d like to replicate with your own business, tune in to hear how Matt\\u2019s creating content without repairing customer\'s motorcycles, and the various passive income streams he\\u2019s built up over the past 4 years.\\nFull Show Notes: Turning a Service Business into a Passive Income Stream - Part 2\\nRelated: Need a website for your service business? Here\\u2019s the fastest and cheapest way to get one online.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'