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Now that youve chosen your niche, find a way to start sharing with your message, whether a site or podcast or Youtube channel, or whatever stage makes the most sense for your intended market. Flynn claims 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 to your first fans. The people 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 unique treatment that bigger 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 right off the bat without your audience knowing anything about the value that you offer (though you could nevertheless indirectly earn money from them with the ideal ads). 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 create passive income. You can sell electronic products like ebooks or classes, 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 cost folks to be a part of it, produce software and sell that, among other avenues.
Flynn has produced many different products. While his LEED exam is what got him started, he's both earned a commission from selling other peoples products and offered a commission to other people who'd sell his wares, and recently created his first software, SmartPodcastPlayer.com, after realizing that most online podcast gamers provided only the fundamental stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I had been important site addressing a need but also, I had built up an audience and hope together When you build that amount of trust with your audience, whatever you come out with, they may adore. .
If youre worried about launching a new solution, 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 chairs into, say, a course you create and giving the test group specialized attention so you can see how to enhance 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 make 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 merchandise he's never even tried.
I only use products Ive used before, because that trust you've got with your audience is the most important thing in the world. He says if you do recommend a product for your 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 that you begin to lie in your sales marketing copy, the moment you start to place dishonesty in your job is the moment you should reconsider why youre doing this 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 I can spend 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 Secrets of Powerful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru with Proven Passive Income OpportunitiesCreating a passive income stream demands a bit more work and study up front and there are just certain specific fields that have proven successful time and time again.But, the foundation which you create for this kind of business will continue to bring in a stream 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.