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Before we start, let me explain a few of the terminologies of this 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 type 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 sale youve made.
For instance, if an agency pays $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 kind 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 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 purchase. .
The greatest passive income stream is one which gives you both residual and busy income and so were going to speak about a few approaches to create that kind of incomes online.
The number 1 is the very dangerous number in the world of business. Building a passive income stream that pays you from one source or a business that is getting most of its traffic and sales 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 dive down into the world of passive income opportunities, Allow Me to give you a list of things Im going to teach you :
Im going to get started with the easiest passive income plan, then we will dive deeper into building a business that pays big commissions daily.
The passive income strategy Im about to share with you is used by companies like Amazon and Apple and its own 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, typically percent 5 you can find out more to 50% 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. Usually, affiliates earn 50% commissions on websites like Clickbank (that we will talk about soon) but even thats not the most lucrative affiliate program you can join.
High ticket affiliate applications for example Aversity will pay around $3,000 per purchase to affiliates. These are specific applications that arent generally open to everyone. We'll explore different high ticket affiliate applications as we move down into this report.
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I could write an entire post to deal with this issue in the online business world. If you stick to a few of the so-called YouTube gurus, all youll see is their luxury cars and horses which might provide you the impression that you can start a simple affiliate original site 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 started my online business 6 years ago, it took me 9 months to earn my initial $25 commission. Im not asking you to work 9 months to get a $25 commission, but I dont want you to think itll link be quick.
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To answer the long terms question: Just how much money you can earn in 6 months, I'll need to go over different business strategies because in the event that you apply the strategies that Im planning to share here, you can go well beyond the $20,000 per month goal in no time.
In order to make $20,000 per month in passive income, you will need to earn $20,000 in commissions from 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 earnings to achieve your income goal.
Its important to know what Im about to teach here will make a massive difference in how much you'll be making in the future so be sure you read this very carefully.