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Now that youve chosen your niche, find a way to start sharing with your message, whether its a blog or podcast or Youtube channel, or anything stage makes the most sense for your target market. Flynn claims this is where youll start to construct a fan base and collect subscriber emails.
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Use 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 to your initial fans. The men and women that 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 special treatment that bigger brands might not be able to do. .
Some sites Flynn recommends for learning more are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging right off the bat without your audience knowing anything about the value you offer (though you could still indirectly earn money from them using the ideal 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 expertise, 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 worth, 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 a part of it, produce applications and sell this, among other avenues.
Flynn has produced many different products. While his LEED exam is what got him started, he's earned a commission from selling other peoples products and provided a commission to others who would sell his merchandise, and also recently established his very first software, SmartPodcastPlayer.com, after realizing that most online podcast gamers offered only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hours, because I had been addressing a need but also, I had built an audience and hope with them When you construct that amount of trust with your audience, whatever you come out with, they my response may love. .
If youre concerned about launching a new product, and think you may need some feedback to ensure it is really good, Flynn recommends pre-selling an idea for instance, offering a limited number of places or seats into, say, a class you produce and giving the test group technical attention so that 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 make money, he only ever recommends products that he has personally used and likes. He's inundated by offers to earn $50 per sale through commission on merchandise he's never even tried.
I only use products Ive used previously, because that trust you have with your audience is the most important thing in the world. He says if you do recommend a product for the incredible commission but your audience has a bad experience with it, your credibility will be shot. .
The moment you begin to do things for money, the moment that you begin to lie in your revenue marketing backup, the moment that you begin to place dishonesty in your job is that the moment you should reconsider why youre doing this function 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 in a position to work from home and witness all my kids firsts.
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The Keys of Successful Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru with Proven Passive Income OpportunitiesCreating a passive income stream requires a little more work and study up front and there are just certain specific areas which have proven effective time and time again.But, the foundation which you create for this kind 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 can help you to increase your earnings and speed up your financial targets in exponential ways.