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Now that youve chosen your niche, find a way to begin sharing with your message, whether its a site or podcast or Youtube channel, or whatever platform makes the most sense for your target market. Flynn claims this is where youll start to construct 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 give more personalized help to your first 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 issues 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 right off the bat with no audience knowing anything about the value you offer (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 at no cost, and so 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 value, there are many ways to make passive income. You can sell electronic products like ebooks or classes, take affiliate marketing in that you promote 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 that, among other avenues.
Flynn has created many different products. While his LEED test is what got him started, he has both earned a commission from selling other peoples products and provided a commission to other people More about the author who would sell his wares, and also recently established his first applications, SmartPodcastPlayer.com, after realizing that most online podcast players provided only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hoursbecause I had been addressing a need but also, I had built an audience and trust together When you build that amount of trust with your audience, whatever you come out with, they will love. .
If youre worried about launching a new product, and think you might need some feedback to ensure it is really great, Flynn recommends pre-selling an idea for instance, offering a limited number of places or seats into, say, a course you create and giving the evaluation group technical attention so you can see how to improve the content.
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Once you begin to see 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 enjoys. He's inundated by means of earn $50 per sale through commission on merchandise he's never even attempted.
I only use products Ive used previously, since discover this info here that trust you have with your audience is the most important thing in the world. He says if you do recommend a product for the incredible commission but your audience gets a bad experience with it, your credibility will be taken. .
The moment you start to do things for money, the moment you start to lie in your revenue marketing backup, the moment that you start to put dishonesty in your work is that the moment you need to reconsider why youre doing that function in the first place, says Flynn.
In order not to cling to that, Flynn says its important to know your motivation. Passive income is important to me not just for the financial security but I can spend time with my loved ones, '' he says. Ive been able to work at home and witness all of my kids firsts.
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The Keys of Powerful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Pro with Proven Passive Income OpportunitiesCreating a passive income stream requires a little more work and study up front and there are just certain specific fields that have proven effective time and period again.But, the foundation that you create 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 will allow you to increase your earnings and accelerate your financial targets in exponential ways.