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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 claims this is where youll begin to build a fan base and gather subscriber emails.
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Utilize 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 help 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 larger brands might 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 offer (though you might still indirectly earn money from them using the right advertisements ). The best way to go in terms of a long-term passive income business is delivering value and information for free, and so establishing experience, 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 courses, take up affiliate marketing in that you promote other companys products and earn a commission when you sell that item for your audience, build a community and cost people to be a part of it, produce applications and promote this, among other avenues.
Flynn has created many different products. While his LEED test is exactly what got him started, he explanation has both earned a commission from selling other peoples products and provided a commission to others who would sell his merchandise, and recently created his very first applications, 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 hoursbecause I was addressing a need but also, I had built an audience and trust together When you construct that amount of trust with your audience, whatever you come out with, they will love. .
If youre worried about launching a new solution, and think you may need some comments to ensure it is really good, 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 evaluation group technical attention so that you can see the way to enhance the content.
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Once you begin to find some achievement, dont be led astray from the money. While Flynn does utilize affiliate marketing to generate money, he only ever recommends products that he has personally used and likes. He is inundated by offers to earn $50 per sale through commission on products he has never even attempted.
I only use products Ive used previously, because that trust you've got with your audience is the most important thing in the entire world. He says if you 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 start to do things for money, the moment that you begin to lie in your revenue marketing copy, the moment you start to place dishonesty in your job is that the moment you should reconsider why youre doing that function 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 loved ones, he states. Ive been in a position to work from home and witness all my children firsts.
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The Secrets of Successful Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru with 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 that you produce for this type 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 will help you to increase your earnings and accelerate your financial goals in exponential ways.