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Now that youve chosen your market, find a way to begin sharing your message, whether its a site or podcast or Youtube channel, or anything platform makes the most sense for your intended market. Flynn claims this is where youll start to build 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 provide more personalized help for your initial fans. The people who are starting out thats their advantage, '' says Flynn. They have the opportunity to talk directly with those people few coming their way to find out what their problems are and give them the unique 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 begin charging directly off the bat with no audience knowing anything about the value that you provide (though you might 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 experience, knowledge and trust 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 can sell electronic products such as ebooks or courses, take up affiliate marketing in which you promote other companys products and earn a commission when you sell that item to your audience, build a community and charge people to be a part of it, create software and sell that, among other avenues.
Flynn has produced many different products. While his LEED exam is what got him started, he has both earned a commission from selling other peoples products and offered a commission to others who would sell his wares, and also recently created his first software, SmartPodcastPlayer.com, later realizing that many online podcast gamers provided only the fundamental stop/start/volume features.
We offered 250 beta licenses in less than 24 hours, because I was addressing a need but also, I had built up an audience and trust together When you build 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 good, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a course you produce and giving the evaluation group specialized attention so that 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 that he has personally used and likes. He is inundated by offers to earn $50 per sale through commission on products he's never even attempted.
I only use products Ive used before, because that trust you've got with your audience is the most important thing in the world. He says if you really do recommend a product for your incredible commission however, your audience has a bad experience with it, your credibility will be shot. .
The moment you begin to do things for money, the moment that you start to find out lie in your sales marketing backup, the moment that you start to put dishonesty in your job is the moment you should reconsider why youre doing this work in the first place, says Flynn.
In order not to succumb to this, Flynn says its important to know your motivation. Passive income is important to me not only for the financial security but so I can spend some time with my family, '' he states. Ive been in a position to work at home and witness all my children firsts.
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The Keys of Powerful Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru using Proven Passive Income OpportunitiesCreating a passive income stream requires a bit more work and study front and there are just certain specific areas which have proven effective time and time again.But, the foundation that you produce for this kind of business will continue to bring in a flow of revenue turning website visitors into long-time clients from that single sale.A passive income stream in your portfolio will help you to increase your earnings and speed up your financial targets in exponential ways.