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Now that youve chosen your market, find a way to begin sharing with your message, whether its a site or podcast or Youtube channel, or anything stage makes the most sense for your target market. Flynn says 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 large following to provide more personalized assistance to your first fans. The people who 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 provide them the unique treatment that larger 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 that you provide (though you might still indirectly earn money from them with 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 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 such as ebooks or classes, take affiliate marketing in that you market other companys products and earn a commission when you sell that item for your audience, build a community and charge people to be part of it, create applications and promote that, among other avenues.
Flynn has produced 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 established his first software, SmartPodcastPlayer.com, after realizing that most online podcast gamers offered only the basic stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I had been addressing a need but also, I had built an audience and hope together When you build that amount of confidence with your audience, whatever you come out with, they may love. .
If youre concerned about launching a new product, 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 class 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 by 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 offers to earn $50 per sale through commission on merchandise he's never even link 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 in the event that you do recommend a product for your incredible commission however, your audience gets a bad experience with it, your credibility will be shot. .
The moment you start to do things for money, the moment that you begin to lie in your sales marketing copy, the moment you begin to put dishonesty in your work is that the moment you need to reconsider why youre doing this work 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 time with my loved ones, '' he states. 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 Guru with Proven Passive Income OpportunitiesCreating a passive income stream requires a little more work and research front and there are simply certain specific fields that have proven effective time and time again.But, the 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 this single sale.A passive income stream in your portfolio can allow you to increase your earnings and speed up your financial goals in exponential ways.