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Now that youve chosen your market, find a way to start sharing with your message, whether its a site or podcast or Youtube channel, or whatever platform makes the most sense for your intended market. Flynn says this is where youll start to construct a fan base and collect subscriber emails.
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Use your foundation 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 help to your initial fans. The people that 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 issues are and give them the unique treatment that bigger brands may not be able to perform. .
Some sites Flynn recommends for learning are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant begin charging right off the bat with no audience knowing anything about the value that you provide (though you might nevertheless indirectly earn money from them using the right advertisements ). The perfect way to go in terms of a long-term passive income business is delivering value and information for free, and therefore establishing experience, knowledge and trust with your audience, says Flynn. .
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Once your audience has grown and you've got validation that youre offering them worth, there are many ways to make passive income. You could 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 item to your audience, build a community and charge folks to be part of it, create applications and promote this, among other avenues.
Flynn has created many different products. While his LEED exam is what got him started, he's earned a commission from selling other peoples products and offered a commission to others who'd sell his merchandise, and also recently created his very first applications, SmartPodcastPlayer.com, later realizing that most online podcast gamers provided only the basic stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I was addressing a need but also, I had built up an audience and hope together When you construct that amount of confidence with your audience, whatever you come out with, they may adore. .
If youre concerned about launching a new solution, and think you may need some comments to ensure it is really great, 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 test group specialized attention so you can see how to improve the content.
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Once you begin to see some success, dont be led astray from the money. While Flynn does use affiliate marketing to make money, he only ever recommends products he has personally used and likes. He is inundated by offers to earn $50 per sale through commission on merchandise he's never even attempted.
I only use products Ive used previously, because that trust you have with your audience is the most important thing in the world. He says if you really do recommend a product for Resources the incredible commission however, your audience gets a bad experience with it, your credibility will be shot. .
The moment you begin to do things for money, the moment you start to lie in your sales marketing backup, the moment that you start to place dishonesty in your job is that the moment you need to 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 just for the financial security but so I can spend some time with my family, he states. Ive been able to work from home and witness all my kids firsts.
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The Secrets of Successful Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru with Proven Passive Income OpportunitiesCreating a passive income flow demands a bit more work and research front and there are simply certain specific areas which have proven effective time and time again.But, the foundation that you create for this kind of business will continue to bring in a stream of revenue turning website visitors into long-time customers from this single sale.A passive income stream in your portfolio will help you to increase your earnings and accelerate your financial targets in exponential ways.