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Now that youve chosen your market, find a way to start sharing with your message, whether a site or podcast or Youtube channel, or anything platform makes the most sense for your target market. Flynn says this is where youll start to build a fan base and gather 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 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 few coming their way to find out what their problems are and give them the unique treatment that bigger brands might 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 without your audience knowing anything about the value that you provide (though you could nevertheless indirectly earn money from them using the ideal advertisements ). 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 confidence with your audience, says Flynn. .
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Once your audience has grown and you've got validation that youre offering them worth, there are many ways to create 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 folks to be part of it, create software and promote this, among other avenues.
Flynn has created many different products. While his LEED exam is exactly what got him started, he has both earned a commission from selling other peoples products and provided a commission to other people who would sell his wares, and recently created his first applications, SmartPodcastPlayer.com, later realizing that most online podcast gamers offered only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hours, because 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 love. .
If youre concerned about read this article launching a new product, and think you may need some feedback to make it really great, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or chairs into, say, a course you produce and giving the test group technical attention so you can see the way to improve the content.
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Once you begin to see some achievement, dont be led astray from the money. While Flynn does use affiliate marketing to make money, he only ever recommends products he has personally used and enjoys. He is inundated by offers to earn $50 per sale through commission on merchandise he's never even tried.
I only use products Ive used previously, since that trust you've got 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 but your audience has a bad experience with it, your credibility will be shot. .
The moment that you begin to do things for money, the moment this page that you start to lie in your sales marketing copy, the moment you begin to place dishonesty in your job is that the moment you should reconsider why youre doing that work in the first place, says Flynn.
In order not to succumb to this, Flynn says its important to know your motivation. Passive income is important to me not only for the financial security but so I can spend time with my loved ones, '' he states. Ive been able to work at 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 bit more work and study front and there are just certain specific fields that have proven successful time and time again.But, the foundation which you produce for this type of business will continue to bring in a flow of revenue turning website visitors into long-time clients from that single sale.A passive income stream in your portfolio can allow you to increase your earnings and speed up your financial targets in exponential ways.