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Before we begin, allow me to explain some of the terminologies of the passive income world. There are 2 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 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 individuals will make you $2,500 a month without doing any work. Approximately 30 percent 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 residual and active income is that busy passive income is a one-time compensation and you dont keep earning commissions from the purchase. This has its own pros and cons which Im not going to get into, but everything depends on how much money youll earn from each purchase. .
The best passive income stream is one which provides you both residual and busy income and so were going to talk about a couple of approaches 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 source or a business that is getting most of its visitors and earnings from one platform can be terribly dangerous. It will leave your business in a vulnerable position and a sudden shift in a search engine or an advertising platform can destroy your entire business overnight.
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Before we dip down click reference 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 you can try this out simplest passive income strategy, then we will dive deeper into building a business which pays big commissions every day.
The passive income plan Im about to discuss with you is used by companies like Amazon and Apple and its own called affiliate marketing. In this approach, an affiliate (you) will promote a product using their own special tracking link and when a purchase is made, they will earn a cut, usually %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 these days, Amazons affiliate application isnt the hottest one. Normally, affiliates earn 50% commissions on websites like Clickbank (that we will talk about soon) but even thats not the very rewarding affiliate program you can join.
High ticket affiliate applications like Aversity will cover around $3,000 per sale to affiliates. These are special applications that arent generally open for everyone. We'll explore different high ticket affiliate applications as we proceed down into this report.
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I could write an entire article my latest blog post to deal with this problem in the online business world. If you stick to a few of those so-called YouTube professionals, all youll see is that their luxury cars and horses which might give you the impression that you can start a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes some time but with the ideal approach, 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 first $25 commission. Im not asking you to operate 9 months for 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'll need to discuss different business strategies since if you use the strategies that Im planning to share here, you can go well beyond the $20,000 a month target in no time.
In order to earn $20,000 per 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. Should you earn $25 on average per sale, youll need 800 sales to achieve your income objective.
