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Before we begin, allow me to explain a few of the terminologies of the passive income world. There are 2 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 powerful if you manage to build a source of residual income. Residual income is the type of income where you earn a monthly commission for the selling youve made.
By way of example, if a service pays you $25 in residual commissions, referring 100 people will make you $2,500 a month without doing any job. Approximately 30% of Aversity Gold Masterclass members earn residual incomes from products 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 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 sale. .
The greatest passive income flow is one which provides you both residual and busy income and so were going to talk about a couple of ways 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 supply or a business that's getting most of its visitors and earnings 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 destroy your entire business overnight.
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So before we dip down into the world of passive income opportunities, Allow Me to give you a list of things Im going to teach you here:
Im going to begin using the easiest passive income plan, then we will dive deeper into building a business which pays big commissions daily.
The passive income strategy Im going to share with you is used by companies like Amazon and Apple and its own affiliate marketing. In this approach, an affiliate (you) will market a product using their best site own unique tracking link and when a sale is made, they will earn a cut, typically %5 to 50% depending on the solution and Web Site the company selling that product. .
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The affiliate marketing was popularized by Amazon but nowadays, Amazons affiliate application isnt the most popular one. Usually, affiliates earn 50% commissions on websites like Clickbank (that we'll talk about soon) but even thats not the very lucrative affiliate program you can join.
High ticket affiliate programs like Aversity will pay around $3,000 per sale to affiliates. All these are specific applications that arent generally open to everyone. We will explore different high ticket affiliate applications as we move down into this report.
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I could write an entire article to deal with this issue in the online business world. If you follow a few of the so-called YouTube gurus, 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 strategy, your journey wont be as painful as mine was. When I started my online business 6 decades back, 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 that I dont want you to think itll be fast.
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To answer the long terms question: How much money you can earn in 6 months, I will need to discuss different business strategies since if you apply the strategies that Im about to share here, you can go well beyond the $20,000 a month goal in no time.
In order to earn $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 affiliates $10 to $100 a sale. Should you earn $25 on average per sale, youll need 800 sales to attain your income objective.
