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Now that youve chosen your niche, find a way to begin sharing your message, whether a blog or podcast or Youtube channel, or anything stage makes the most sense for your target market. Flynn says this is where youll begin 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 large following to provide more personalized assistance for your initial fans. The men and women 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 issues are and provide them the special treatment that larger brands may not be able to do. .
Some websites Flynn recommends for learning are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging directly off the bat with no audience knowing anything about the value you provide (though you could still indirectly earn money from them with the right ads). The best way to go in terms of a long-term passive income business is delivering value and information for free, and therefore establishing experience, 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 make passive income. You could sell digital products such as ebooks or courses, take affiliate marketing in which you market other companys products and earn a commission when you sell that item for your audience, build a community and charge people to be part of it, create applications and promote that, among other avenues.
Flynn has produced 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 others who would sell his merchandise, and also recently established his first software, SmartPodcastPlayer.com, later realizing that many online podcast gamers offered only the basic stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I had been addressing a need but I had built an audience and hope together When you construct that amount of confidence with your audience, whatever you come out with, they will love. .
If youre worried about launching a new product, and think you might need some feedback to make it really good, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a class you produce and giving the evaluation group specialized attention so that you can see the way to enhance the content.
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Once you start to see some success, dont be led astray by the money. While Flynn does use affiliate marketing to make 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 products he has never even tried.
I only use products Ive used you can try these out before, since that trust you've got with your audience is the most important thing in the world. He says if you really do recommend a product for the incredible commission but your 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 begin to lie in your sales marketing backup, the moment that you start to place dishonesty in your work is the moment you should 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 I can spend time with my family, he says. Ive been in a position to work from home and witness all of 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 demands a little more work and research front and there are just certain specific areas which have proven effective time and period again.But, the foundation which you produce for this kind of business will continue to bring in a flow of revenue turning website visitors into long-time customers from this single sale.A passive income stream in your portfolio can help see it here you to increase your earnings and speed up your financial goals in exponential ways.