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Now that youve chosen your niche, find a way to begin sharing your message, whether its a site or podcast or Youtube channel, or whatever 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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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 first fans. The people who 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 provide them the unique treatment that larger brands may not be able to do. .
Some sites Flynn recommends for learning are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant begin charging directly off the bat with no audience knowing anything about the value you offer (though you could still indirectly earn money from them with the right ads). The best 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've got validation that youre offering them value, there are many ways to make passive income. You could sell electronic products such as ebooks or courses, 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 charge people to be part of it, produce applications and sell that, among other avenues.
Flynn has produced many different products. While his LEED exam is what got him started, he has both earned a commission from selling other peoples products and provided a commission to other people who'd sell his wares, and recently established his first software, SmartPodcastPlayer.com, after realizing that many online podcast players provided only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hoursbecause I was addressing a need but I had built an audience and trust together When you build that amount of trust with your audience, whatever you come out with, they may adore. .
If youre worried about launching a new solution, 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 course 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 find some achievement, 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 enjoys. He is inundated by offers to earn $50 per sale through commission on merchandise he's check my reference never even attempted.
I only use products Ive used before, since that trust you have with your audience is the most important thing in the entire world. He says if you really do recommend a product for your incredible commission but 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 backup, the moment that you start to place dishonesty in your job is the moment you should reconsider why youre doing that work in the first place, says Flynn.
In order not to succumb 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 says. Ive been in a position to work from 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 Guru with Proven Passive Income OpportunitiesCreating a passive income flow demands a bit more work and research 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 type of business will continue to bring in a flow 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.