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Now that youve chosen your market, find a way to start sharing your message, whether its a blog or podcast or Youtube channel, or whatever platform makes the most sense for your target market. Flynn claims this is where youll begin to construct a fan base and collect subscriber emails.
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Use your foundation 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 for your first fans. The people that 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 issues are and give them the unique treatment that bigger brands may not be able to perform. .
Some sites Flynn recommends for learning are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging directly off the bat without your audience knowing anything about the value that you provide (though you could nevertheless indirectly earn money from them with the ideal ads). The perfect 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 classes, take up affiliate marketing in which you promote other companys products and earn a commission when you sell that thing to your audience, build a community and cost folks to be part of it, create applications and promote this, among other avenues.
Flynn has created many different products. While his LEED exam is what got him started, he's earned a commission from selling other peoples products and offered a commission to others who would sell his wares, and recently established his 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 also, I had built up an audience and trust with them When you build that amount of trust 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 see recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a course you produce and giving the test group specialized attention so you can see the way to enhance the content.
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Once you start to find some achievement, dont be led astray from the money. While Flynn does utilize affiliate marketing to make money, he only ever recommends products that he has personally used and likes. He's inundated by means of earn $50 per sale through commission on products he has never even attempted.
I only use products Ive used before, because that trust you have with your audience is the most important thing in the entire world. He says if you do recommend a product for your incredible commission however, your audience has a bad experience with it, your credibility will be shot. .
The moment you begin to do things for money, the moment you start to lie in your revenue marketing copy, the moment you begin to put dishonesty in your work is that the moment you should reconsider why youre doing that 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 just for the financial security but so I can spend time with my loved ones, he says. Ive been in a position to work from home and witness all my children firsts.
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The Secrets of Powerful Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru using Proven Passive Income OpportunitiesCreating a passive income stream demands a little more work and research up front and there are simply certain specific areas which have proven successful time and period again.But, the foundation which you produce for this type 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 will help you to increase your earnings and speed up your financial targets in exponential ways.