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Now that youve chosen your niche, find a way to begin sharing your message, whether a site or podcast or Youtube channel, or whatever stage makes the most sense for your intended market. Flynn says this is where youll start to build a fan base and gather subscriber emails.

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Wired cofounder Kevin Kelly wrote an article about 1,000 Authentic Fans, which essentially says that Â says Flynn. .

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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 give more personalized help to your initial fans. The men and women that are starting out thats their advantage, '' says Flynn. They have the opportunity to talk directly with these people couple coming their way to find out what their issues are and provide them the unique treatment that larger brands may not be able to perform. .

Some sites Flynn recommends for learning more areÂ Fizzle.co, InternetBusinessMastery,Â SocialTriggers.com, andÂ MichaelHyatt.com.

You cant start charging right off the bat without your audience knowing anything about the value you offer (though you could still indirectly earn money from them using 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 therefore establishing expertise, knowledge and trust with your audience, says Flynn. .

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Everything about Residual Income In Slovenia - Passive Residual Income

Once your audience has grown and you've got validation that youre offering them worth, there are many ways to make passive income. You could sell electronic products such as ebooks or classes, take up affiliate marketing in that you market other companys products and earn a commission when you sell that item to your audience, build a community and charge folks to be a part of it, produce applications and promote that, among other avenues.

Flynn has created many different products. While his LEED test is what got him started, he has earned a commission from selling other peoples products and provided a commission to others who'd sell his merchandise, and also recently established his first software, SmartPodcastPlayer.com, later realizing that many online podcast players provided only the basic stop/start/volume features.

We sold out 250 beta licenses in less than 24 hours, because I had been addressing a need but also, I had built an audience and hope together When you build that amount of trust with your audience, whatever you come out with, they may adore. .

If youre worried about launching a new product, and think you may need some comments to make it really redirected here great, 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 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 utilize affiliate marketing to generate money, he only ever recommends products that he has personally used and enjoys. He is inundated by offers to earn $50 per sale through commission on merchandise he's never even tried.

I only use products Ive used before, since that trust you've got with your audience is the most important thing in the entire world. He says in the event that you really do recommend a product for the incredible commission address however, your audience gets a bad experience with it, your credibility will be taken. .

The moment that you begin to do things for money, the moment that you begin to lie in your revenue marketing backup, the moment you start to put dishonesty in your work is 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 I can spend some time with my loved ones, '' he states. Ive been able to work at home and witness all of my kids firsts.