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Now that youve chosen your market, find a way to begin sharing with your message, whether its a site or podcast or Youtube channel, or anything platform 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 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 who are starting out thats their advantage, '' says Flynn. They have the opportunity to speak directly with these people few coming their way to find out what their issues are and provide 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 right off the bat without your audience knowing anything about the value you provide (though you could 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 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 electronic products like ebooks or classes, take affiliate marketing in that you promote other companys products and earn a commission when you sell that thing for your audience, build a community and charge 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's earned a commission from selling other peoples products and offered a commission to other people who'd sell his wares, and also recently created his first software, SmartPodcastPlayer.com, after realizing that most online podcast players provided only the fundamental stop/start/volume features.
We offered 250 beta licenses in less than 24 hoursbecause I was addressing a need but also, I had built an audience and trust together When you construct 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 feedback to ensure it is really great, Flynn recommends pre-selling an idea for instance, offering a limited number of places or seats into, say, a course you produce and giving the evaluation group specialized attention so that you can see the way to enhance the content.
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Once you begin to see some achievement, dont be led astray by the money. While Flynn does utilize affiliate marketing to generate money, he only ever recommends products he has personally used and likes. He's inundated helpful hints by offers to earn $50 per sale through commission on merchandise he has 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 in the event that you do recommend a product for your incredible commission but your audience gets a bad experience with it, your credibility will be taken. .
The moment you start to do things for money, the moment you begin to lie in your sales marketing copy, the moment that you start to put dishonesty in your job is that the moment you need to 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 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 Pro using Proven Passive Income OpportunitiesCreating a passive income stream demands a bit more work and research up front and there are just certain specific fields that have proven effective time and time again.But, the foundation that you produce for this kind of business will continue to bring in a stream of revenue turning check it out website visitors into long-time customers from that single sale.A passive income stream in your portfolio will help you to increase your earnings and accelerate your financial targets in exponential ways.