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Now that youve chosen your niche, find a way to start sharing with 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 start 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 big following to provide more personalized assistance to your first fans. The men and women that are starting out thats their advantage, says Flynn. They have the opportunity to talk directly with those people couple coming their way to find out what their issues are and give them the special treatment that larger brands may not be able to do. .
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 you offer (though you could nevertheless 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 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 create passive income. You could sell digital products such as 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 charge people to be a part of it, create software and sell that, among other avenues.
Flynn has produced many different products. While his LEED test is exactly 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 also recently established his very first applications, SmartPodcastPlayer.com, after realizing that most online podcast players 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 trust together When you build that amount of confidence with your audience, whatever you come out with, they may adore. .
If youre worried about launching a new product, 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 places or seats into, say, a course you create and giving the evaluation group technical attention so that you can see how to improve the content.
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Once you start to find some success, 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 means of earn $50 per sale through commission on products he's never even tried.
I more tips here only use products Ive used previously, because that trust you have with your audience is the most important thing in the entire world. He says if you really do recommend a product for your incredible commission however, 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 you start to lie in your sales marketing backup, the moment that you begin to place dishonesty in your work is the moment you need to reconsider why youre doing that function 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 just for the financial security but I can spend some 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 Keys of Successful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Guru using Proven Passive Income OpportunitiesCreating a passive income flow demands a bit more work and study up front and there are just certain specific fields that have proven successful time and period again.But, the foundation that you create for this type of business will continue to bring in a flow of revenue turning website visitors into long-time customers from that single sale.A passive income stream in your portfolio can help you to increase your earnings and accelerate your financial targets in exponential ways.