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Now that youve chosen your market, find a way to start sharing your message, whether a site or podcast or Youtube channel, or whatever stage makes the most sense for your target market. Flynn claims this is where youll start to construct a fan base and gather 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 talk directly with those people few coming their way to find out what their problems are and give 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 could still indirectly earn money from them with the right advertisements ). The perfect way to go in terms of a long-term passive income business is delivering value and information at no cost, and therefore 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 worth, there are many ways to create passive income. You could sell digital products like ebooks or courses, take up affiliate marketing in that you market 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, create applications and sell that, among other avenues.
Flynn has created 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 others who'd sell his merchandise, and recently established his first software, SmartPodcastPlayer.com, later realizing that many online podcast gamers provided only the fundamental stop/start/volume features.
We offered 250 beta licenses in less than 24 hours, because I had been addressing a need but also, I had built an audience and hope with them When you construct that amount of confidence with your audience, whatever you come out with, they will adore. .
If youre concerned about launching a new product, and think you might need some comments to ensure it is really good, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or chairs into, say, a course you produce and giving the evaluation group specialized attention so that you can see the way to improve the content.
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Once you begin 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 likes. He is inundated by offers to earn $50 per sale through commission on products he's never even attempted.
I only use products Ive used before, 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 gets a bad experience with it, your credibility will be taken. .
The moment that you start to do things for money, the moment that you begin to lie in your revenue marketing copy, the moment that you begin to place dishonesty in your work is that the moment you need to 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 so I can spend time with my loved ones, '' he says. Ive been able to work at home and witness all my children firsts.
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