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Before we begin, allow me to explain some of the terminologies of this passive income world. There are just two types 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 kind of income is one of the keys to success in your online business and can be successful if you manage to construct a supply of residual income. Residual income is the form of income in which you earn a monthly commission for the sale youve made.
By way of example, if an agency pays you $25 in residual commissions, referring 100 people will make you $2,500 a 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 even 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 the sale. 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 each purchase. .
The greatest passive income flow is one that provides you both residual and active income and so were going to talk about a couple of ways to create that kind of incomes online.
The number 1 is the most 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 traffic 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 dig this 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 using the simplest passive income plan, then we will dive deeper into building a business that pays you big commissions every day.
The passive income plan Im going to share with you is used by companies like Amazon and Apple and its called affiliate marketing. In this strategy, an affiliate (you) will market a product using their own unique tracking link and when a sale is made, they will earn a reduction, 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 most popular one. Usually, affiliates earn 50% commissions pop over to this web-site on websites like Clickbank (that we'll talk about soon) but even thats not the most rewarding affiliate program you can join.
High ticket affiliate programs like Aversity will pay around $3,000 per sale to affiliates. These are special applications that arent generally open to everyone. We'll explore different high ticket affiliate programs 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 that their luxury cars and horses which may provide you the impression that you can start a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes time but with the ideal strategy, 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 work 9 months for a $25 commission, but that I dont want you to think itll be fast.
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To answer the long terms 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 use the strategies that Im about to share here, you can go well beyond the $20,000 a 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 average network like Clickbank pays $10 to $100 a sale. If you earn $25 on average per purchase, youll need 800 earnings to achieve your income objective.