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Now that youve chosen your market, find a way to start sharing your message, whether its a site or podcast or Youtube channel, or whatever platform makes the most sense for your intended market. Flynn says this is where youll begin 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 give more personalized assistance for your initial fans. The men and women that 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 problems are and give them the special treatment that bigger brands might not be able to do. .
Some websites Flynn recommends for learning 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 that you provide (though you could still indirectly earn money from them with the ideal 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 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 digital 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, produce software and sell this, among other avenues.
Flynn has created many different products. While his LEED exam is exactly what got him started, he has earned a commission from selling other peoples products and provided a commission to others who'd sell his merchandise, and also recently established his very first applications, SmartPodcastPlayer.com, after realizing that most online podcast gamers offered only the fundamental stop/start/volume features.
We sold out 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 construct that amount of trust with your audience, whatever you come out with, they may love. .
If youre concerned about launching a new product, and think you may need some feedback to make it really good, 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 technical attention so you can see the way to improve the content.
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Once you start to find 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 has never even tried.
I only use products Ive used before, because that trust you have 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 gets a bad experience with it, your credibility will be shot. .
The moment that you begin to do things for money, the moment that you start to lie in your sales marketing copy, the moment you start to place 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 cling to that, 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 family, '' he says. Ive been able to work from home and witness all of my children firsts.
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The Keys of Successful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru with Proven Passive Income OpportunitiesCreating a passive income web link stream requires a little more work and study up front and there are just certain specific fields that have proven successful time and period again.But, the foundation which you create for this type of business will continue to bring in a stream of revenue turning website visitors into long-time customers from this single sale.A passive income stream in your portfolio can allow you to increase your earnings and speed up your financial targets in exponential ways.