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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 whatever platform makes the most sense for your target market. Flynn says this is where youll start to build 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 large following to give more personalized assistance to your initial fans. The people that are starting out thats their advantage, says Flynn. They have the opportunity to talk directly with those people couple coming their way to find out what their problems are and provide them the special treatment that larger brands might not be able to do. .
Some sites 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 that you offer (though you might still indirectly earn money from them using the right ads). The perfect 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 trust with your audience, says Flynn. .
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Once your audience has grown and you've got validation that youre offering them worth, there are many ways to create 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 thing to your audience, build a community and charge folks to be part of it, produce software and promote this, 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 provided a commission to other people who would sell his merchandise, and recently created his very first applications, SmartPodcastPlayer.com, after realizing that most online podcast players provided only the basic stop/start/volume features.
We sold out 250 beta licenses in less than 24 hoursbecause I had been addressing a need but also, I had built an audience and trust with them When you build that amount of confidence with your audience, whatever you come out with, they will adore. .
If youre worried about launching a new solution, 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 create and giving the evaluation group technical attention so you can see how to enhance the content.
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Once you begin to see some achievement, dont be led astray from the money. While Flynn does use affiliate marketing to make money, he only ever recommends products that he has personally used and likes. He is inundated by means of earn $50 per sale through commission on merchandise he has never even tried.
I only use products Ive used previously, since that trust you've got with your audience is the most important thing in the world. He says if see this here you really do recommend a product for your incredible commission however, your audience has a bad experience with it, your credibility will be shot. .
The moment you begin to do see here things for money, the moment that you begin to lie in your revenue marketing copy, the moment you start to place dishonesty in your job is that the moment you should reconsider why youre doing that 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 time with my family, he says. Ive been able to work from 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 Guru using Proven Passive Income OpportunitiesCreating a passive income stream requires a bit more work and research front and there are simply 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 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.