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Before we start, allow me to explain some of the terminologies of the passive income world. There are just two types 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 successful if you manage to build a source of residual income. Residual income is the form of income in which you earn a monthly commission for the selling youve made.
By way of example, if an agency pays you $25 in residual commissions, referring 100 people will make you $2,500 per month without doing any job. Approximately 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 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 your purchase. This has its own pros and cons which Im not going to get into, but it all depends on how much money youll earn from every sale. .
The best passive income stream is one that provides you both residual and busy income and were going to speak about a few approaches to make that kind of incomes online.
The number 1 is your very dangerous number in the realm of business. Building a passive income stream that pays you in one supply or a business that is getting most of its traffic 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 destroy your entire business overnight.
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So 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 get started with the easiest passive income plan, then we'll dive deeper into building a business which pays you big commissions every day.
The passive income strategy Im going to discuss with you is used by companies like Amazon and Apple and its called affiliate view it marketing. In this strategy, an affiliate (you) will click market a product using their own special tracking link and when a purchase is made, they will earn Website a cut, usually %5 to 50 percent depending on the product and the company selling that product. .
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The affiliate marketing was popularized by Amazon but these days, Amazons affiliate program isnt the hottest one. Normally, affiliates earn 50% commissions on websites like Clickbank (that we'll discuss soon) but even thats not the most rewarding affiliate program you can join.
High ticket affiliate programs for example Aversity will pay around $3,000 per purchase to affiliates. All these are special applications that arent usually open to everyone. We will explore different top ticket affiliate applications as we move down into this report.
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I could write an entire post to deal with this problem in the online business world. If you follow a few of those so-called YouTube gurus, all youll see is that their luxury cars and horses which might give you the impression that you can begin a simple affiliate marketing business and rake in $20,000 in a week.
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 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 go over different business strategies since in the event that you apply the strategies that Im about to share here, you can go well beyond the $20,000 per month target in no time.
In order to make $20,000 per month in passive income, you'll need to earn $20,000 in commissions by an affiliate network. An normal 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 goal.