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Now that youve chosen your market, find a way to begin sharing with your message, whether its a blog or podcast or Youtube channel, or anything platform makes the most sense for your target market. Flynn claims this is where youll begin to construct a fan base and collect subscriber emails.
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Utilize your foundation to build your audience, and when youre starting out, take advantage of the fact that you dont have a big following to give more personalized assistance for 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 problems are and provide them the unique treatment that larger brands might not be able to do. .
Some sites Flynn recommends for learning more are Fizzle.co, InternetBusinessMastery, SocialTriggers.com, and MichaelHyatt.com.
You cant begin charging right off the bat without your audience knowing anything about the value that you provide (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 so establishing expertise, knowledge and trust with your audience, says Flynn. .
About Residual Income In Slovenia - Passive Residual Income
Once your audience has grown and you have validation that youre offering them worth, there are many ways to make passive income. You could sell electronic products such as ebooks or courses, take up affiliate marketing in that you promote other companys products and earn a commission when you sell that thing to your audience, build a community and charge folks to be part of it, create software and sell this, among other avenues.
Flynn has produced many different products. While his LEED test is what got him started, he's earned a commission from selling other peoples products and provided a commission to others who would sell his wares, and also recently established his very first software, SmartPodcastPlayer.com, after 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 was addressing a need but I had built an audience and trust together When you build that amount of trust with your audience, whatever you come out with, they will love. .
If youre concerned about launching a new solution, and think you may need some feedback to make it really good, Flynn recommends pre-selling an idea for instance, offering a limited number of spots or seats into, say, a class you produce and giving the test group technical 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 by the money. While Flynn does use affiliate marketing to generate money, he only ever recommends products he has personally used and enjoys. He's inundated by offers to earn $50 per sale through commission on merchandise he has 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 world. He says in the event that you really do recommend a product for the incredible commission however, your audience gets 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 copy, the moment you begin 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 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 family, he says. Ive been in a position to work from home and witness all of my kids firsts.
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