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Now that youve chosen your niche, find a way to start sharing your message, whether its a blog or podcast or Youtube channel, or anything stage makes the most sense for your target market. Flynn says this is where youll start to build a fan base and collect 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 give more personalized help for your initial 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 give them the special treatment that bigger brands may not be able to perform. .
Some sites Flynn recommends for learning more are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging directly off the bat with no audience knowing anything about the value you provide (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 for free, and therefore establishing experience, 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 make passive income. You could sell electronic products such as ebooks or courses, take up affiliate marketing in that you market other companys products and earn a commission when you sell that item for your audience, build a community and cost folks to be a part of it, create software and promote this, among other avenues.
Flynn has created many different products. While his LEED test is exactly what got him started, he's earned a commission from selling other peoples products and offered a commission to other people who would sell his merchandise, and recently created his first applications, SmartPodcastPlayer.com, later realizing that most online podcast check over here gamers provided only the fundamental stop/start/volume features.
We offered 250 beta licenses in less than 24 hours, because I had been addressing a need but I had built an audience and trust with them When you build that amount of trust with your audience, whatever you come out with, they 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 course you produce 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 achievement, dont be led astray from the money. While Flynn does use affiliate marketing to make money, he only ever recommends products he has personally used and enjoys. He is inundated by offers to earn $50 per sale through commission on merchandise 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 world. He says if you really do recommend a product for the incredible commission but your audience has a bad experience with it, your credibility will be taken. .
The moment you start to do things for money, the moment that you begin to lie in your sales marketing copy, the moment you start to put dishonesty in your job is the moment you should reconsider why youre doing this work in the first place, says Flynn.
In order not to succumb 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 loved ones, he says. Ive been able to work from 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 requires a little 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 stream of revenue turning website visitors into long-time clients from that single sale.A passive income stream in your portfolio can allow you to increase your earnings and speed up your financial goals in exponential ways.