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Now that youve chosen your niche, find a way to start sharing your message, whether its a site or podcast or Youtube channel, or whatever stage makes the most sense for your target market. Flynn claims this is where youll begin to build 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 assistance to your initial fans. The people who are starting out thats their advantage, '' says Flynn. They have the opportunity to talk directly with these people couple 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 websites 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 advertisements ). The best way to go in terms of a long-term passive income business is delivering value and information for free, and so establishing experience, knowledge and confidence 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 create passive income. You could sell electronic products such as ebooks or classes, take up affiliate marketing in which you market other companys products and earn a commission when you sell that thing to your audience, build a community and cost folks to be a part of it, produce applications and promote this, among other avenues.
Flynn has created many different products. While his LEED test is what got him started, he has both earned a commission from selling other peoples products and offered a commission to other people who would sell his merchandise, and recently established his first applications, SmartPodcastPlayer.com, later realizing that many online podcast players offered only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hours, because I was addressing a need but I had built up an audience and trust together When that site you build that amount of trust with your audience, whatever you come out with, they will love. .
If youre worried about launching a new solution, and think you might need some comments to ensure it is really good, Flynn recommends pre-selling an idea for instance, offering a limited number of places or chairs into, say, a class you create and giving the evaluation group technical 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 utilize affiliate marketing to make money, he only ever recommends products he has personally used and likes. He is inundated by offers to earn $50 per sale through commission on products he has never even tried.
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 if you really do recommend a find this product for your incredible commission however, 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 start to lie in your sales marketing backup, the moment that you start to put dishonesty in your work is that the moment you need to reconsider why youre doing this 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 at home and 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 with Proven Passive Income OpportunitiesCreating a passive income stream demands a little more work and study front and there are simply certain specific fields that have proven effective time and time again.But, the foundation which you produce for this kind of business will continue to bring in a stream of revenue turning website visitors into long-time customers from that single sale.A passive income stream in your portfolio can allow you to increase your earnings and accelerate your financial targets in exponential ways.