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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 construct a fan base and collect subscriber emails.
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Utilize your foundation to build your audience, and when youre starting out, take advantage of the fact that you dont have a big following to give more personalized assistance for your initial fans. The people that are starting out thats their advantage, says Flynn. They have the opportunity to talk directly with these people couple coming their way to find out what their problems are and give them the unique treatment that larger brands may not be able to do. .
Some websites Flynn recommends for learning are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging directly off the bat with no audience knowing anything about the value that you offer (though you could still indirectly earn money from them with 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 so establishing expertise, 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 value, there are many ways to make passive income. You can sell digital products such as ebooks or courses, take affiliate marketing in that you promote other companys products and earn a commission when you sell that thing to your audience, build a community and charge folks to be a part of it, produce software and promote that, among other avenues.
Flynn has created many different products. While his LEED test is what got him started, he's both earned a commission from selling other peoples products and provided a commission to others who'd sell his wares, and also recently created his first applications, SmartPodcastPlayer.com, later realizing that many online podcast gamers provided only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hoursbecause I had redirected here been addressing a need but also, I had built an audience and trust together When you construct that amount of confidence 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 make it really great, Flynn recommends pre-selling an idea for instance, offering a limited number of places or seats into, say, a course you produce and giving the evaluation group specialized attention so you can see how to improve the content.
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Once you begin to find some achievement, dont be led astray from the money. While Flynn does utilize affiliate marketing to generate 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, since that trust you've got with your audience is the additional info most important thing in the entire world. He says if you do recommend a product for the incredible commission however, your audience has a bad experience with it, your credibility will be shot. .
The moment that you begin to do things for money, the moment you start to lie in your revenue marketing copy, the moment that you start to put dishonesty in your work 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 only for the financial security but I can spend some time with my family, he says. Ive been in a position to work at home and witness all of my children firsts.
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The Secrets of Powerful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru with Proven Passive Income OpportunitiesCreating a passive income stream demands a bit more work and research up front and there are just certain specific areas which have proven successful time and time again.But, the additional reading foundation that you create for this type of business will continue to bring in a stream of revenue turning website visitors into long-time clients from that single sale.A passive income stream in your portfolio can help you to increase your earnings and accelerate your financial targets in exponential ways.