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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 intended market. Flynn claims this is where youll begin to construct 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 large following to provide more personalized assistance to your first fans. The people who are starting out thats their advantage, says Flynn. They have the opportunity to speak directly with those people few coming their way to find out what their problems 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 begin charging directly off the bat without your audience knowing anything about the value you provide (though you could still indirectly earn money from them with the ideal 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 trust 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 make passive income. You could 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 thing 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 has earned a commission from selling other peoples products and provided a commission to other people who would sell his merchandise, and recently created his very first software, SmartPodcastPlayer.com, later realizing that most online podcast players offered only the basic stop/start/volume features.
We offered 250 beta licenses in less than 24 hoursbecause I was addressing a need but I had built an audience and hope together 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 may need some feedback to make it really great, Flynn recommends pre-selling an idea for instance, offering a limited number of places or seats into, say, a course you produce and giving the test group technical attention so you can see the way to improve the content.
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Once you start to see some achievement, dont be led astray from the money. While Flynn does use affiliate marketing to generate money, he only ever recommends products that he has personally used and enjoys. He is inundated by means of earn $50 per sale through commission on merchandise he's never even tried.
I only use products Ive used previously, because that trust you've got with your audience is the most important thing in the world. He says in the event that you do recommend a product for the incredible commission but your audience has a bad experience with it, your credibility will be taken. .
The moment you begin to do things for money, the moment you begin to lie in your sales marketing backup, the moment you use this link begin to put dishonesty in your job is 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 able to work at home and witness all my children firsts.
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The Keys of Successful Passive Income Opportunities4.8 (96.92%) 13 votesHow Earn Revenue Like a Pro using Proven Passive Income OpportunitiesCreating a passive income stream requires a bit more work and research up front and there are just certain specific areas which have proven successful time and period again.But, the foundation that you create for this type 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 allow you to increase your earnings and accelerate your financial goals in exponential ways.