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Now that youve chosen your market, find a way to begin sharing with your message, whether its a blog or podcast or Youtube channel, or whatever stage makes the most sense for your intended market. Flynn claims this is where youll begin to build 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 large following to give more personalized assistance for your first fans. The people that 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 larger brands might not be able to perform. .
Some sites 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 offer (though you might still indirectly earn money from them with the ideal 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 value, there are many ways to create passive income. You could sell digital products like ebooks or classes, take affiliate marketing in which you market other companys products and earn a commission when you sell that item to your audience, build a community and cost people to be a part of it, create applications and sell that, among other avenues.
Flynn has created many different products. While his LEED exam is what got him started, he has earned a commission from selling other peoples products and provided a commission to others who would sell his wares, and also recently created his first software, SmartPodcastPlayer.com, later realizing that most online podcast players provided only the basic stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I was 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 adore. .
If youre worried about launching a new product, and think you might need some comments to ensure it is really great, Flynn recommends pre-selling an idea for instance, additional reading offering a limited number of spots or chairs into, say, a course you produce and giving the evaluation group technical attention so you can see how to improve the content.
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Once you start to see some success, dont be led astray from 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 has never even attempted.
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 in the event that you really do recommend a product for the incredible commission however, your audience gets a bad experience with it, your credibility will be shot. .
The moment you begin to do things for money, the moment you begin 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 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 only for the financial security but so I can spend time with my family, he says. Ive been in a position to work from home and witness all of my children firsts.
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The Secrets of Powerful Passive 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 up front and there are just certain specific fields that have proven successful time and time again.But, the foundation which you create for this kind 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 will help you to increase your earnings and speed up your financial targets in exponential ways.