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Before we start, let me explain some of the terminologies of this passive income world. There are just two kinds of passive income: Active and Residual. If youre planning to earn some serious money, youre going to need both of these together.
Residual Passive Income: This kind of income is one of the secrets to success in your online business and can be powerful if you manage to build a supply of residual income. Residual income is the type of income where you earn a monthly commission for the sale youve made.
By way of instance, if a service pays you $25 in residual commissions, referring 100 individuals will make you $2,500 a month without doing any job. About 30 percent of Aversity Gold Masterclass members earn residual incomes from products theyve sold.
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Active Passive Income: This is the type of money you earn by selling a product, or a service. The main difference between residual and busy income is that busy passive income is a one-time compensation and also you dont keep earning commissions from the purchase. It has its own pros and cons which Im not going to get into, but it all depends on how much money youll earn from each purchase. .
The best passive income flow is one which provides you both residual and busy income and were going to speak about a few ways to make that kind of incomes online.
The number 1 is the very dangerous number in the realm of business. Building a passive income stream that pays you from one source or a business that is getting the majority of its traffic and sales from one stage can be terribly dangerous. It will leave your business in a vulnerable position and a sudden shift in a search engine or an ad platform can kill your entire business overnight.
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So before we dip down into the world of passive income opportunities, let me give you a listing of things Im going to teach you here:
Im going to begin with the simplest passive income strategy, then we will dive deeper into building a business that pays you big commissions every day.
The passive income plan Im about to discuss with you is used by companies like Amazon and Apple and its called affiliate marketing. In this approach, an affiliate (you) will market a product using their own special tracking link and when a purchase is made, they will earn a reduction, typically percent 5 to 50 percent depending on the check here solution and the company selling that product. .
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The affiliate marketing was popularized by Amazon but nowadays, Amazons affiliate program isnt the most popular one. Normally, affiliates earn 50% commissions on sites like Clickbank (that we will discuss soon) but even thats not the very rewarding affiliate program you can join.
High ticket affiliate applications like Aversity will pay up to $3,000 per sale to affiliates. All these are specific applications that arent generally open for everyone. We will explore different high ticket affiliate programs as we proceed down into this report.
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I could write an entire post to address this issue in the online business world. If you follow some of the so-called YouTube professionals, all youll see is their luxury cars and horses which may give you the impression which you can begin a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes some time but with the ideal strategy, your journey wont be as painful as mine was. When I began my online business 6 years ago, it took me 9 months to earn my initial $25 commission. Im not asking you to operate 9 months for a $25 commission, but I dont want you to think itll be fast.
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To answer the long terms question: Just how much money you can earn in 6 months, I'll need to discuss different business strategies because if you apply the strategies that Im about to share here, you can go well beyond the $20,000 a month goal in no time.
In order to make $20,000 a month in passive income, you will need to earn $20,000 in commissions by an affiliate network. An average network such as Clickbank pays affiliates $10 to $100 a sale. If resource you earn $25 on average per purchase, youll need 800 earnings to attain your income objective.
