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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 target market. Flynn claims this is where youll begin to construct a fan base and gather subscriber emails.
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Utilize your base to build your audience, and when youre starting out, take advantage of the fact that you dont have a big following to provide more personalized assistance for your initial fans. The people that are starting out thats their advantage, says Flynn. They have the opportunity to talk directly with these people few coming their way to find out what their problems are and give them the special treatment that larger brands may not be able to perform. .
Some sites Flynn recommends for learning are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant begin charging directly off the bat without your audience knowing anything about the value that you provide (though you might still 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 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 create passive income. You could sell electronic products like ebooks or classes, take up affiliate marketing in that you market other companys products and earn a commission when you sell that item to your audience, build a community and cost folks to be part of it, create software and sell that, among other avenues.
Flynn has created many different products. While his LEED exam is exactly what got him started, he has both earned a commission from selling other peoples products and offered a commission to others who'd sell his wares, and recently established his first software, SmartPodcastPlayer.com, after realizing that most online podcast players provided only the fundamental stop/start/volume features.
We offered 250 beta check these guys out licenses in less than 24 hours, because I had been addressing a need but I had built up an audience and trust together When you build that amount of confidence with your audience, whatever you come out with, they may adore. .
If youre concerned about launching a new solution, and think you may need some comments to ensure it is really great, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a course you create and giving the evaluation 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 by the money. While Flynn does utilize affiliate marketing to generate money, he only ever recommends products that he has personally used and likes. He's inundated by means of 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 entire world. He says if you do recommend a product for the incredible commission however, your audience gets a bad experience with it, your credibility will be taken. .
The moment that you begin to great site do things for money, the moment that you begin to lie in your revenue marketing backup, the moment you start to put dishonesty in your work is the moment you should reconsider why youre doing that work in the first place, says Flynn.
In order not to cling to this, 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 able to work at home and witness all of my kids 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 stream demands a bit more work and research up front and there are simply certain specific fields that have proven effective time and period again.But, the foundation which you create for this type of business will continue to bring in a flow of revenue turning website visitors into long-time clients from that single sale.A passive income stream in your portfolio can help you to increase your earnings and accelerate your financial goals in exponential ways.