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Now that youve chosen your market, find a way to begin sharing with your message, whether a blog or podcast or Youtube channel, or whatever platform makes the most sense for your intended market. Flynn says this is where youll begin to build a fan base and collect subscriber emails.
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Use your base to build your audience, and when youre starting out, take advantage of the fact that you dont have a big following to provide more personalized assistance to your first fans. The people who are starting out thats their advantage, says Flynn. They have the opportunity to speak directly with these people few coming their way to find out what their problems are and give them the special treatment that bigger brands might not be able to do. .
Some sites Flynn recommends for learning more are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging directly off the bat without your audience knowing anything about the value you offer (though you could still indirectly earn money from them with the right ads). The perfect way to go in terms of a long-term passive income business is delivering value and information at no cost, and therefore establishing expertise, knowledge and confidence with your audience, says Flynn. .
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Once your audience has grown and you have validation that youre offering them value, there are many ways to make passive income. You can sell digital products such as ebooks or courses, take up affiliate marketing in that you market other companys products and earn a commission when you sell that thing to your audience, build a community and cost folks to be a part of it, create software and promote that, among other avenues.
Flynn has created many different products. While his LEED test is what got him started, he's earned a commission from selling other peoples products and offered a commission to other people who would sell his wares, and recently established his first applications, SmartPodcastPlayer.com, after realizing that many online podcast gamers offered only the fundamental stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I had been reference addressing a need but also, I had built an audience and hope with them When you construct that amount of trust with your audience, whatever you come out with, they may love. .
If youre worried about launching a new solution, and think you might need some comments to ensure it is really good, Flynn recommends pre-selling an idea for instance, offering a limited number of places or chairs into, say, a course you create and giving the evaluation group specialized attention so that you can see how to enhance the content.
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Once you begin to find some success, dont be led astray by the money. While Flynn does use affiliate marketing to make money, he only ever recommends products he has personally used and enjoys. He is inundated by offers to earn $50 per sale through commission on products he has never even attempted.
I only use products Ive used previously, since that trust you've got with your audience is the most important thing in the entire world. He says in the event that you really do recommend a product for your incredible commission however, your audience gets a bad experience with it, your credibility will be taken. .
The moment that you start to do things for money, the moment you begin to lie in your revenue marketing backup, the moment you start to put dishonesty in your work is the moment you should reconsider why youre doing that work in the first place, says Flynn.
In order not to succumb to that, Flynn says its important to know your motivation. Passive income is important to me not only for the financial security but I can spend time with my loved ones, '' he states. Ive been able to work from home and witness all my children firsts.
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The Keys of Successful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru with Proven Passive Income OpportunitiesCreating a passive income flow requires a bit more work and study up front and there are simply certain specific fields that have proven successful time and time again.But, the foundation that you produce for this type of business will continue to bring in a flow of revenue turning website visitors into long-time customers from that single sale.A passive income stream in your portfolio can help you to increase your earnings and speed up your financial goals in exponential ways.