354: Turning a Service Business into a Passive Income Stream - Part 2
The Side Hustle Show - A podcast by Nick Loper of Side Hustle Nation - Thursdays
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.
