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Now that youve chosen your market, find a way to start sharing your message, whether its a site or podcast or Youtube channel, or anything platform makes the most sense for your target 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 big following to provide more personalized help for your initial fans. The men and women who 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 issues are and give 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 start charging right off the bat with no audience knowing anything about the value that you offer (though you could nevertheless indirectly earn money from them with the right ads). The perfect way to go in terms of a long-term passive income business is delivering value and information at no cost, and therefore establishing expertise, knowledge and trust 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 courses, take affiliate marketing in which you promote other companys products and earn a commission when you sell that item to your audience, build a community and charge people to be a part of it, create software and sell that, among other avenues.
Flynn has produced many different products. While his LEED test is exactly what got him started, he's earned a commission from selling other peoples Resources products and provided a commission to other people who'd sell his merchandise, and recently created his first applications, SmartPodcastPlayer.com, after realizing that most online podcast players offered only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hoursbecause I was addressing a need but also, I had built an audience and trust with them When you construct that amount of confidence with your audience, whatever you come out with, they may adore. .
If youre concerned about launching a new product, and think you might need some feedback to ensure it is really great, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a course you create and giving the test group technical attention so that you can see the way to improve the content.
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Once you start to find some achievement, dont be led astray by the money. While Flynn does use affiliate marketing to generate money, he only ever recommends products that he has personally used and enjoys. He's inundated by offers to earn $50 per sale through commission on merchandise he has never even attempted.
I only use products Ive used before, since that trust you have with your audience is the most important thing in the entire 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 taken. .
The moment you begin to do things for money, the moment that you start to lie in your revenue marketing copy, the moment that you start to place dishonesty in your job is that the moment you need to reconsider why youre doing this work 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 states. Ive been able to work at home and witness all of my kids firsts.
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The Keys of Powerful Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru using Proven Passive Income OpportunitiesCreating a passive income flow demands a little more work and study front and there are just certain specific areas which have proven successful time and period again.But, the foundation which you produce for this kind of business will continue to bring in a stream 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 targets in exponential ways.