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Now that youve chosen your niche, find a way to start sharing your message, whether a site or podcast or Youtube channel, or whatever stage 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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Use your foundation to build your audience, and when youre starting out, take advantage of the fact that you dont have a large following to give more personalized help to your initial fans. The men and women who are starting out thats their advantage, says Flynn. They have the opportunity to speak directly with those people couple coming their way to find out what their issues are and give them the special treatment that larger brands might not be able to perform. .
Some websites Flynn recommends for learning more are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging right off the bat without your audience knowing anything about the value you provide (though you could 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 for free, 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 electronic products like 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 folks to be a part of it, create applications and promote this, among other avenues.
Flynn has produced many different products. While his LEED test is exactly what got him started, he's earned a commission from selling other peoples products and offered a commission to others who would sell his wares, and also recently created his very first applications, 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 had been addressing a need but I had built an audience and hope together When you construct that amount of confidence with your audience, whatever you come out with, they will love. .
If youre concerned about launching a new product, and think you might need some feedback to make it really good, Flynn recommends pre-selling an idea for instance, offering a limited number of places or chairs into, say, a class you create and giving the test group specialized attention so that you can see the way to improve the content.
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Once you start to see some achievement, dont be led astray by the money. While Flynn does utilize affiliate marketing to make money, he only ever recommends products he has personally used and enjoys. He is inundated by offers to earn $50 per sale through commission on products he's 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 world. He says in the event that you do recommend a product for the incredible commission but your audience gets a bad experience with it, your credibility will be shot. .
The moment that you start to do things for money, the moment that you begin to lie in your sales marketing backup, 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 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 some time with my family, '' he states. Ive been able to work at home and witness all of my kids firsts.
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The Secrets of Successful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Pro using Proven Passive Income OpportunitiesCreating a passive income stream demands a little more work company website and research up front and there are simply certain specific fields that have proven effective time and time 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 clients from this single sale.A passive income stream in your portfolio can allow you to increase your earnings and accelerate your financial targets in exponential ways.