Discover the amazing journey of the "victim" of the financial crisis of 2008 ... A good lesson to understand that a dismissal is the opportunity to start something new. In this article you will know exactly how you go about creating a passive income ... and why not start immediately without waiting for your letter of dismissal? ... Read ...
Here his career:
1- In February 2007, Pat Flynn works in an architectural firm for 38 thousand dollars a year.
2- He is motivated to obtain an architectural license, but the process probably takes 6-8 years (the examination is so difficult that only 30% of people get it)
3- He decided to create a blog about preparing for the exam to share experiences, especially reap the opinions of others. After all, to explain the subject to others, he needs to understand himself ...
4- The blog allows him to participate in forums on how to pass the exam
5. In March 2008, he passes the examination, he received a promotion and his boss goes to a salary of 60 thousand dollars a year.
6- Two months later ... with the economic downturn, his company began to lay: Flynn is advised that their current projects are closed
7- He received his dismissal letter a few days later and left the company.
8. At the same time, he noted that the discussion forums he attends, people speak of him as an expert. They ask him questions and helps them in their careers.
9- He begins to think that he can capitalize on this ...
He decides to investigate how to turn his blog into something more productive: it installs Google Analytics to track its visitors.
What he saw terrassa:
"I do not know, but this little website I created to help me pass this exam generates thousands of hits a day! "...
10- In June, he put ads on its site with Google Adsense:
- He earns $ 1.08 with 3 clicks.
- $ 5 the first day
- $ 7 second
- And then finally, 15-30 dollars a day.
11. In October, it creates a digital guide on how to succeed in architecture license priced at 19.99 dollars.
At the end of the month, he earns 7 906.55 dollars - more than he had ever earned before in a month.
12. Six years later, he is at the head:
- 12 websites
- 100 000 subscribers by email
Patt Flynn, at age 31, earns about $ 2.7 million with its site SmartPassiveIncome.com ...
Here are his top 10 tips if you want to do the same ...
COUNCIL 1. Before you start, ask yourself, "am I doing this just for the money? "
Being able to generate a passive income largely depends on your audience.
If they detect that you care more about money than serving, you will not succeed.
"Every time I've seen people do something just for the money, they have failed because their intentions are pushing in the right direction. Always wanting to help people with passion to contribute to their welfare. "
COUNCIL 2. Be prepared to invest a lot of time
I do not believe that success is sleeping.
There is a lot of work and time to devote upstream.
COUNCIL 3. Banish the thought that once you've created the product, you can sit back and file your nails.
"Even with real estate, you must manage your properties, or even with the stock market, which is potentially a passive income, you must manage your portfolio. "
The definition of passive income is 'automatic building business,' but to keep automated and maintain the trust of your audience, you must deal with from time to time.
COUNCIL 4. Find a market you can help.
The mistake most people who start trying to build a business or create a product that serves everybody ... and trying to serve everyone, you serve no one.
You have to specialize according to:
- Your experience
- Your education
- Your passion
Your earnings directly reflect the way you serve this particular audience.
More your message resonates with them, you will have more opportunities to sell them something.
COUNCIL 5. Before diving, see if you would be happy to serve this market for several years
Do not choose a subject just because it is "trendy".
If you can not imagine writing about it with new products for five or ten years from now, your chances of success are reduced.
COUNCIL 6. Learn how this public is already served - and how to fill the void.
I see it as an opportunity to make friends with people.
What benefit can you offer that the market needs now?
"My strength is that I'm not afraid to share my failures or down to see my income ..."
COUNCIL 7. Build your "platform"
Now that you've chosen your market, find a way to start sharing your message.
Whether with a blog, podcasts or videos on Youtube ...
You must start by building a fan base - and create a list of emails.
- Use this base to build your audience
- When you are starting out, enjoy the fact that you do not have a lot of people and bring a more personalized assistance to your first fans.
COUNCIL 8. Give them the value free.
You can not start charging from the start without your audience knows nothing of the value you offer.
"The best way to do for long-term passive income is to deliver value and information for free, and thus establish your expertise, knowledge and trust with your audience. "
COUNCIL 9. Create the product that best serves the
Once your audience has increased in size, you have the validation you offer them value.
There are several ways to create passive income.
You can sell digital products like:
- Ebooks
- formations
- Sell affiliate products in which you're promoting other companies products and earn a commission when you sell this product to your audience
- Build an online community and get paid members
- Create software and sell
Ask your audience directly what would help them the most!
COUNCIL 10. Remember that profit should not be your main motivation.
In order not to succumb to this, Flynn says it's important to know your motivation:
"Passive income is important for me not only financial security, but for me to spend time with my family. "
And you?
What do you need to know or share to help others?
How could you do like Pat Flynn?
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