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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 platform makes the most sense for your intended market. Flynn says this is where youll start to build a fan base and collect 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 help to your first fans. The people 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 issues are and give them the unique treatment that bigger brands may not be able to perform. .
Some websites Flynn recommends for learning are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant start charging directly off the bat with no audience knowing anything about the value that you provide (though you might nevertheless indirectly earn money from them with the right 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've got validation that youre offering them value, there are many ways to create passive income. You could sell electronic products such as ebooks or courses, take affiliate marketing in which you market other companys products and earn a commission when you sell that item to your audience, build a community and charge people to be part of it, create applications and sell that, among other avenues.
Flynn has created many different products. While his LEED test is what got him started, he has both earned a commission from selling other peoples products and offered a commission to other people who would sell his wares, and recently established his first software, SmartPodcastPlayer.com, after realizing that most online podcast gamers provided only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hoursbecause I had been addressing a need but also, I had built an audience and hope together When you construct that amount of trust with your audience, whatever you come out with, they will adore. .
If youre concerned about launching a new solution, and think you might need some feedback to make it really good, Flynn recommends pre-selling an idea for instance, offering a limited number of places or chairs into, say, a course you create and giving the evaluation group technical attention so that you can see how to enhance the content.
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Once you start to see some achievement, dont be led astray by the money. While Flynn does utilize 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 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 really do recommend a product for the incredible commission but your audience has a bad experience with it, your credibility will why not look here be shot. .
The moment that you start to do things for money, the moment you start to lie in your sales marketing copy, the moment you start to put dishonesty in your work is the moment you need to 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 only for the financial security but I can spend time with my loved ones, he states. Ive been able to work from home and witness all of my children firsts.
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The Keys of Powerful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Pro with Proven Passive Income OpportunitiesCreating a passive income stream requires a bit more work and study front and there are just certain specific fields that have proven effective time and time again.But, the foundation that this content you create 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 can allow you to increase your earnings and accelerate your financial targets in exponential ways.