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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 anything stage makes the most sense for your target market. Flynn says this is where youll begin to construct a fan base and gather 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 big following to give more personalized help for your first 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 issues are and provide them the special 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 begin charging right off the bat with no audience knowing anything about the value that you offer (though you might still indirectly earn money from them using the right ads). 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 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 digital products such as ebooks or classes, take affiliate marketing in which you promote other companys products and earn a commission when you sell that thing to your audience, build a community and cost people to be part of it, create software and sell this, among other avenues.
Flynn has created many different products. While his LEED test is what got him started, he has 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, 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 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 may need some comments to make it really good, 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 specialized attention so you can see the way to enhance the content.
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Once you start to see some success, dont be led astray from the money. While Flynn does use affiliate marketing to generate 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 merchandise 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 do recommend a product for your incredible commission but your audience has a bad experience with it, your credibility will be taken. .
The moment that you start to do things for money, the moment that you start to lie in your revenue marketing backup, the moment you begin to put dishonesty in your job is that the moment you should 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 only for the financial security but I can spend some time with my loved ones, he states. Ive been in a position to work at home and discover this witness all 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 requires a bit more work and study up front and there are just certain specific fields that have proven successful time and period again.But, the foundation that you produce for this kind 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 will help you to increase your earnings and speed up your financial goals in exponential ways.