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Now that youve chosen your niche, find a way to start sharing your message, whether a site or podcast or Youtube channel, or anything platform makes the most sense for your intended market. Flynn says 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 large following to give more personalized help to your first fans. The people that 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 problems are and provide them the special treatment that bigger brands may not be able to do. .
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 that you provide (though you could still indirectly earn money from them with the right advertisements ). The perfect way to go in terms of a long-term passive income business is delivering value and information at no cost, and so establishing expertise, 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 value, there are many ways to create passive income. You could sell electronic 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 for your audience, build a community and charge people to be part of it, create software and promote that, 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 wares, and also recently created his very first applications, SmartPodcastPlayer.com, after realizing that many online podcast gamers offered only the fundamental stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I was addressing a need but I had built an audience and trust together 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 solution, and think you might need some feedback to make it really great, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a class you create and giving the test group technical attention so you can see the way to enhance the content.
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Once you begin to see 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 my explanation 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 really do recommend a product for your incredible commission however, your Visit This Link audience gets a bad experience with it, your credibility will be taken. .
The moment that you begin to do things for money, the moment that you start to lie in your sales marketing copy, the moment that you begin to put dishonesty in your job is that the moment you need to reconsider why youre doing this 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 family, he says. Ive been in a position to work at home and witness all my children firsts.
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The Secrets of Powerful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Pro using Proven Passive Income OpportunitiesCreating a passive income flow requires a bit more work and research up front and there are just certain specific areas which have proven successful time and time again.But, the foundation that you create for this type of business will continue to bring in a stream of revenue turning website visitors into long-time clients 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.