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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 whatever platform makes the most sense for your intended market. Flynn claims this is where youll start to build 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 first fans. The men and women who 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 unique treatment that larger brands may not be able to do. .
Some websites Flynn recommends for learning more 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 provide (though you might still indirectly earn money from them using the ideal ads). The best way to go in terms of a long-term passive income business is delivering value and information for free, 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 make passive income. You could sell digital products such as ebooks or courses, take up affiliate marketing in which you promote 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 what got him started, he has earned a commission from selling other peoples products and offered a commission to other people who'd sell his merchandise, and recently established his very first software, SmartPodcastPlayer.com, after realizing that most online podcast gamers 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 up an audience and hope together When you construct that amount of confidence with your audience, whatever you come out with, they may adore. .
If youre worried about launching a new solution, and think you may need some comments 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 specialized attention so you can see the way to enhance the content.
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Once you start to find some success, dont be led astray from the money. While Flynn does use affiliate marketing to generate 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 products he's never even tried.
I only use products Ive used previously, because that trust you've got with your audience is the most important thing like this in the world. He says in the event that you do recommend a product for your incredible commission but your audience gets a bad experience with it, your credibility will be shot. .
The moment that you begin to do things for money, the moment you begin click for more to lie in your revenue marketing copy, the moment that you begin to put dishonesty in your job is the moment you need to reconsider why youre doing that work 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 just for the financial security but so I can spend time with my loved ones, he states. Ive been in a position to work at home and witness all my kids firsts.
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