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Now that youve chosen your market, find a way to begin sharing your message, whether a site or podcast or Youtube channel, or anything stage makes the most sense for your target 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 large following to provide more personalized help to your initial fans. The people who 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 special treatment that bigger brands may not be able to do. .
Some websites Flynn recommends for learning more 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 at no cost, and therefore establishing experience, 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 worth, there are many ways to create passive income. You could sell electronic products such as ebooks or courses, take affiliate marketing in which you promote other companys products and earn a commission when you sell that thing for your audience, build a community and charge people to be a part of it, produce applications and sell this, among other avenues.
Flynn has produced many different products. While his LEED exam is what got him started, he has earned a commission from selling other peoples products and offered a commission to others who'd sell his merchandise, and recently created his first software, SmartPodcastPlayer.com, later realizing that many online podcast gamers provided only the basic stop/start/volume features.
We sold out 250 beta licenses in less than 24 hours, because I was addressing a need but also, I had built up an audience and trust with them When you build that amount of trust with your audience, whatever you come out with, they may adore. .
If youre concerned about launching a new solution, and think you may need some comments to ensure it is really great, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a course you produce and giving the evaluation group technical attention so that you can see the way to enhance the content.
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Once you start to find some success, 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 enjoys. He is inundated by means of earn $50 per sale through commission on merchandise he has never even tried.
I only use products Ive used before, since that trust you have with your audience is the most important thing in the world. He says in the event that you really do recommend a product for the incredible commission but your audience gets a bad experience with it, your credibility will be shot. .
The moment you start to do things for money, the moment you start to lie in your revenue marketing backup, the moment that you start to place dishonesty in your work is that the moment you need to reconsider why youre doing this 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 family, '' he says. Ive been in a position to work from home and witness all my kids firsts.
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