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How To Make Passive Income as an Architect with Eric Reinholdt 

Business of Architecture
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3 years ago, architect Eric Reinholdt started his residential architecture firm on a remote island off the coast of Maine. He faced the challenge of building a successful architecture firm, and winning the kind of projects he wants to work on while also living in a remote location.
Inspired by people like Pat Flynn and Tim Ferriss' book, the 4-hour Work Week, Eric knew that he wanted to build a business that wasn't 100% reliant on the number of hours he worked in a day.
Today, you get an in-depth look at how he's built a practice that combines passive income, products, and service offerings.
This information and more you can find in his new book, Architect + Entrepreneur Volume II, A How-to Guide for Innovating Practice: Tactics, Models, and Case Studies in Passive Income.
In today's show you'll discover:
- How architect Eric Reinholdt gets multiple income streams to supplement his architecture firm income by selling products
- Eric's exact step-by-step morning routine that helps him maximize his productivity and make a massive impact every day
- The interesting insight Eric discovered when he began selling his floor plans online
You'll also discover how to approach your architecture practice strategically, use social media effectively, and much, much more.
Find out more on businessofarchitecture.com/yt.

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25 июл 2024

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Комментарии : 32   
@barrystott-brookes1711
@barrystott-brookes1711 6 лет назад
Enoch, I forgot you interviewed Eric. Eric has had a massive influence on me, my approach to clients, my plan for AAL and how I want the practice to run. Eric books where one of the reasons I joined your program which is starting you work amazingly well. Thanks to both of you guys for everything you do and makes my goals more achievable.
@ghaus3697
@ghaus3697 3 года назад
Here's an amazing idea I am going to tell you all and it's gonna blow all your minds. Start a prefabrication company. My first job was at a place where they built and transported prefabricated modular cottages. They had a proper factory and were selling those cottages for twice, thrice the manufacturing+labour cost. Don't worry about the initial investment. All of the investment can be done using the client's money. You can even rent a factory/warehouse using the client's money. Build a minimum viable product first. Then keep improving as soon as possible. That way you won't just sell services but products as well (in form of Cottages). In short, start a construction company that provides Architecture services. You need to figure out a way to merge products+services.. That's the business model of some of the world's largest companies. Prefabrication is the future. It will convert your services into products. Starting my own prefabrication company in a few months
@markcurry8980
@markcurry8980 7 лет назад
Great insight, been following on RU-vid.
@RG-ls2db
@RG-ls2db 6 лет назад
This is great. Eric is an inspirational mentor and custodian of the practice of design.
@abdullahsayed2079
@abdullahsayed2079 6 лет назад
Selling Plan sets !!! What kind of architecture practice is that ?? Never heard of that !
@zqpcydbfoqbdiehdj
@zqpcydbfoqbdiehdj 4 года назад
Hey, you're smart bud. I wish you many blessing for you and your family 👍 thanks for the video
@BusinessofArchitecture
@BusinessofArchitecture 7 лет назад
Thanks Mark!
@ellke08
@ellke08 3 года назад
I love hearing of other architects who not only view their services as products (active or passive) but also see the value that can be added outside the direct scope of our services as architects. I’m a chartered architect from the UK and recently started my own practice, I could not agree more with Eric’s methodology, mindset and system creation. Traditional architectural practice still has a long way to go in adopting these methods. Ultimately, with this approach we can continue and even advance in the level of value we can provide all whilst we delight our clients (customers).
@user-tl5om1ow2b
@user-tl5om1ow2b 4 месяца назад
Whats the name of your firm? Im currently a part 1 architect in the UK
@colinmacsuibhne9210
@colinmacsuibhne9210 7 лет назад
Enoch, I'm glad you asked Eric about the realistic side of these passive incomes for a typical architect, but I feel that the question left out one key point, is it realistic for this to become a profitable part of the industry without becoming saturated almost instantly. I know that Eric admitted 'not everyone would adopt all of these', but I would imagine very few people would adopt any of them, because the market just isn't there. While agree there should always be a strong culture of other media like monographs and videos and so on, but that does not mean it is an option for income from the general body of architects. When it comes to online media, the videos, podcasts, etc, yes there should be a much bigger culture of this among architects but again, that does not mean we could all potentially do it successfully. I'm not putting it down of course, as i said it is necessary and should be expanded throughout the industry, but that does not mean it is an option for anyone, even if as you both said the easy to use technology is there. As for the books, the idea that anyone could just make a monograph, or any book is beyond unrealistic. Monographs are slow, expensive, and require a big public fan base for there to be any potential market, something only a handful of architects have. If we're talking about any other type of book, something more technical, that is a massive undertaking, and there is a lot of competition out there, books written over the last few decades that are still being printed and bought today. Basically, this isn't only 'not for everyone', it's for an extremely niche group, I think. I'm surprised that you didn't go into any more specific methods of passive incomes and how to go about setting them up and maintaining them such as the energy audits and things. Great discussion though only wish it could have gone on longer to get into it all more. Alternative incomes need to be a bigger topic among architects today.
@BusinessofArchitecture
@BusinessofArchitecture 7 лет назад
Colin Mac Suibhne thanks you bring some great points.
@jakeinao5349
@jakeinao5349 5 лет назад
May i know the tile of the music at the intro and end? so good!
@meanpicker
@meanpicker 7 лет назад
I love this video. I've been finding my own way down a very similar path for years now and am glad to see it is viable and can work. I definitely have some of the same goals for creating the products he discussed. Thanks for sharing! Your channel is great.
@BusinessofArchitecture
@BusinessofArchitecture 7 лет назад
meanpicker thank you.
@aarkindesignstudio6408
@aarkindesignstudio6408 7 лет назад
AMAZING BOOKS BY ERIC, HAVE IT. READ IT. IMPLEMENTING IT DAY BY DAY....THANK YOU. YOU GUYS ARE JUST ANGLES FOR ME.
@BusinessofArchitecture
@BusinessofArchitecture 7 лет назад
aarkin design studio Great! yes I love what Eric is doing.
@Frank79811
@Frank79811 5 лет назад
Finally I have found architecture business podcast channel...
@laurapiovan
@laurapiovan 7 лет назад
Awesome
@Gershonpocorni
@Gershonpocorni 3 года назад
this was a good one really inspiring thank you Enoch, your work made me better in positioning a niche but this one really gives me concepts of expanding services
@ericgyimah7590
@ericgyimah7590 2 года назад
Great interview Eric
@gc1650
@gc1650 Год назад
This makes a lot of sense.
@anthonywebb8811
@anthonywebb8811 5 лет назад
love erics mentality
@BusinessofArchitecture
@BusinessofArchitecture 5 лет назад
Yea, it's great right? Thanks for the comment.
@anthonywebb8811
@anthonywebb8811 5 лет назад
absolutely keep up the amazing work!
@jblue616
@jblue616 7 лет назад
This is awesome
@jazzind2607
@jazzind2607 7 лет назад
gud
@RubbinRobbin
@RubbinRobbin 5 лет назад
Oh, hi Mark.
@johnstanton7460
@johnstanton7460 4 года назад
Another method to up sell your services. Eric is in a good position.
@aryswira
@aryswira Год назад
im architect from indonesia bali i need to earn some job from antoher country anyone can help me to the clue or something pls replay asap thanku and apreciate that
@aryswira
@aryswira Год назад
any things can im doing smoting like drawing and 3d modeling
@JorgeFontan
@JorgeFontan 4 года назад
This guy Eric uses other architect's buildings and photos in his videos and doesn't give them credit. Not the type of lead I want to follow.
@RH_OPEN
@RH_OPEN 7 лет назад
This is faker than Mcgregor vs MMW
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