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Before we start, 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 make some serious money, youre going to need both of these together.
Residual Passive Income: This type of income is one of the keys to success in your online business and can be successful if you manage to build a supply of residual income. Residual income is the type of income in which you earn a monthly commission for the selling youve made.
For instance, if a service pays you $25 in residual commissions, referring 100 people will make you $2,500 per month without doing any work. 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 active income is that active passive income is a one-time compensation and also you dont keep earning commissions from your 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 that gives you both residual and busy income and so were going to talk about a couple of 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 in one supply or a business that is getting the majority of its traffic and sales from one platform can be extremely dangerous. It will leave your business in a vulnerable position and a sudden shift in a search engine or an advertising 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 list of things Im going to teach you :
Im going to get started using the easiest passive income plan, 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 utilized by companies like Amazon and Apple and its affiliate marketing. In this strategy, an affiliate (you) will promote a product using their own unique tracking link and when a purchase is made, they will earn a cut, typically percent 5 to 50% depending on the solution and the company selling this contact form 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 websites like Clickbank (which we'll talk about soon) but even thats not the most 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 special applications that arent usually open to everyone. We will explore different high 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 stick to some of the so-called YouTube gurus, all youll see is their luxury cars and horses which may provide you the impression which you can begin a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes time but with the right strategy, your journey wont be as painful as mine was. When I began my online business 6 decades ago, it took me 9 months to earn my initial $25 commission. Im not asking you to work 9 months for a $25 commission, but that I dont want you to think itll be quick.
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To answer the long terms question: How much money you can earn in 6 months, I will need to go over different business strategies because in the event that you use the approaches that Im planning to discuss 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 will need to earn $20,000 in commissions by an affiliate network. An normal network such as Clickbank pays $10 to $100 a sale. If you earn $25 on average per sale, youll need 800 sales to achieve your income goal.
