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Now that youve chosen your market, find a way to start sharing with your message, whether its a site or podcast or Youtube channel, or whatever platform makes the most sense for your intended market. Flynn says this is where youll begin 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 for your initial fans. The people that are starting out thats their advantage, '' says Flynn. They have the opportunity to speak directly with those people couple coming their way to find out what their problems are and provide them the special treatment that larger brands may not be able to perform. .
Some websites 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 you offer (though you might nevertheless indirectly earn money from them with the right advertisements ). The best 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 make passive income. You could sell electronic products such as ebooks or classes, take up affiliate marketing in that you market other companys products and earn a commission when you sell that thing for your audience, build a community and cost people to be a part of it, produce software and promote that, among other avenues.
Flynn has created many different products. While his LEED exam is exactly what got him started, he has both earned a company website commission from selling other peoples products and provided a commission to other people who would sell his wares, and recently established his very first applications, SmartPodcastPlayer.com, later realizing that many online podcast gamers provided only the basic 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 up an audience and hope together When you build that amount of confidence with your audience, whatever you come out with, they may love. .
If youre concerned about launching a new product, and think you might need some comments to make it really good, Flynn recommends pre-selling an idea for instance, offering a limited number of places or chairs into, say, a course you create and giving the evaluation group technical attention so you can see how to improve the content.
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Once you start to see some achievement, dont be led astray from the money. While Flynn does utilize affiliate marketing to generate money, he only ever recommends products he has personally used and likes. He's inundated by offers to earn $50 per sale through commission on other merchandise he has never even tried.
I only use products Ive used previously, since 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 however, your audience has a bad experience with it, your credibility will be shot. .
The moment you start to do things for money, the moment you start to lie in your revenue marketing copy, the moment that you begin 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 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 some 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 Powerful 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 front and there are simply certain specific areas which have proven effective time and period 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 that single sale.A passive income stream in your portfolio can help you to increase your earnings and accelerate your financial goals in exponential ways.