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Before we begin, let me explain a few 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 them together.
Residual Passive Income: This kind of income is one of the keys 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 selling youve made.
For instance, if an agency pays $25 in residual commissions, referring 100 people will make you $2,500 a month without doing any job. About 30% of Aversity Gold Masterclass members earn residual incomes from goods theyve sold.
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Active Passive Income: This is the type of money you earn by selling a product, or even a service. The main difference between staying and busy income is that active passive income is a one-time compensation and also you dont keep earning commissions from your sale. 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 sale. .
The best passive income flow is one which gives you both residual and busy income and were going to talk about a few approaches to make that kind of incomes online.
The number 1 is your most dangerous number in the world of business. Building a passive income stream that pays you from one supply or a business that is getting the majority of its visitors and sales from one stage can be extremely 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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Before we dive down into the world of passive income opportunities, let me give you a listing of things Im going to teach you :
Im going to begin with the easiest passive income strategy, then we'll dive deeper into building a business which pays big commissions daily.
The passive income plan Im going to discuss with you is utilized by companies like Amazon and Apple and its called affiliate marketing. In this strategy, an affiliate (you) will market a product using their own special tracking link and when a sale is made, they will earn a cut, typically percent 5 to 50 percent depending on the 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'll discuss soon) but even thats not the most rewarding affiliate program you can join.
High ticket affiliate applications like Aversity will cover up to see page $3,000 per sale to affiliates. These are specific applications that arent generally open for everyone. We will explore different top ticket affiliate applications 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 those so-called YouTube professionals, all youll see is that their recommended you read luxury cars and horses which may provide you the impression which you can start a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes time but with the right approach, your journey wont be as painful as mine was. When I began my online business 6 years back, it took me 9 months to earn my first $25 commission. Im not asking you to operate 9 months to get a $25 commission, but I dont want you to think itll be quick.
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To answer the long term question: Just how much money you can earn in 6 months, I will need to discuss different business strategies because if you apply the approaches that Im about to discuss here, you can go well beyond the $20,000 a month target in no time.
In order to earn $20,000 a month in passive income, you'll need to earn $20,000 in commissions from an affiliate network. An average network like Clickbank pays $10 to $100 a sale. If you earn $25 on average per sale, youll need 800 earnings to attain your income objective.