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Now that youve chosen your niche, find a way to start sharing with your message, whether a site or podcast or Youtube channel, or anything stage makes the most sense for your intended market. Flynn claims 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 large following to provide more personalized help for your initial fans. The people who are starting out thats their advantage, says Flynn. They have the opportunity to speak directly with those people few coming their way to find out what their problems are and give them the special treatment that larger brands may not be able to perform. .
Some sites Flynn recommends for learning 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 that you provide (though you might still indirectly earn money from them using the right advertisements ). The best way to go in terms of a long-term passive income business is delivering value and information at no cost, and therefore establishing experience, 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 worth, there are many ways to make passive income. You could sell electronic products like ebooks or classes, 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 cost people to be part of it, produce software and sell that, among other avenues.
Flynn has created many different products. While his LEED exam is exactly what got him started, he's earned a commission from selling other peoples products and provided a commission to others who'd sell his wares, and recently created his very first applications, SmartPodcastPlayer.com, later realizing that most online podcast gamers provided only the fundamental stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I had been addressing a need but I had built up an audience and trust together When you build that amount of trust with your audience, whatever you come out with, they may adore. .
If youre worried about launching a new product, and think you may need some feedback to ensure it is really good, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a class you create and giving the test group specialized attention so you can see the way to enhance the content.
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Once you begin to find some achievement, dont be led astray from the money. While Flynn does use affiliate marketing to make money, he only ever recommends products that he has personally used and likes. He is inundated by offers to earn $50 per sale through commission on merchandise he has never even tried.
I only use products Ive used previously, because that trust you've got with your audience is the most important thing in the entire world. He says if you do recommend a product for your incredible commission however, your audience has a bad experience with it, your credibility will be taken. .
The moment that you begin to do things for money, the moment you begin to lie in your sales marketing copy, the moment you start to put dishonesty in your work is the moment you need to reconsider why youre doing this function in the first place, says Flynn.
In order not to cling to this, 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 loved ones, he says. Ive been in a position to work at home and witness all of my children firsts.
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The Keys of Successful Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Pro using Proven Passive Income OpportunitiesCreating a passive income stream requires a he said little more work and research front and there are simply certain specific areas which have proven effective time and time again.But, the foundation which you produce for this kind of business will continue to bring in a flow of revenue turning website visitors into long-time customers from this single sale.A passive income stream in your portfolio can help you to increase your earnings and accelerate your financial targets in exponential ways.