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Before we begin, let me explain a few of the terminologies of this passive income globe. There are just two kinds of passive income: Lively 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 powerful if you manage to construct a supply of residual income. Residual income is the type of income in which you earn a monthly commission for the sale youve made.
For instance, if a service pays $25 in residual commissions, referring 100 people will make you $2,500 per month without doing any job. 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 kind of money you earn by selling a product, or even a service. The main difference between staying and active income is that active passive income is a one-time compensation and also you dont keep earning commissions from the sale. 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 speak about a few ways to make that kind of incomes online.
The number 1 is the most dangerous number in the world of business. Building a passive income stream that pays you from one source or a business that is getting the majority 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 ad platform can destroy your entire business overnight.
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So before we dive down into the world of passive income opportunities, let me give you a list of things Im going to teach you here:
Im going to get started with the easiest more info here passive income plan, then we'll dive deeper into building a business which pays you big commissions daily.
The passive income plan Im going to share with you is utilized by companies like Amazon and Apple and its called affiliate marketing. In this approach, an affiliate (you) will promote a product using their own special tracking link and when a sale is made, they will earn a reduction, usually percent 5 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 application isnt the hottest one. Usually, affiliates earn 50% commissions on sites like Clickbank (which we will discuss soon) but even thats not the most lucrative affiliate program you can join.
High ticket affiliate applications like Aversity will cover up to $3,000 per purchase to affiliates. These are special applications that arent usually open to everyone. We'll explore different high ticket affiliate programs 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 stick to some 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 marketing business and rake in $20,000 in a week.
Building an online business takes some time but with the right 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 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 terms question: How much money you can earn in 6 months, I'll need to go over different business strategies because if you use the approaches that Im about to discuss here, you can go well beyond the $20,000 a month goal in no time.
In order to make $20,000 per month in passive income, you'll need to earn $20,000 in commissions from an affiliate network. An normal network such as Clickbank pays $10 to $100 a sale. Should you earn $25 on average per purchase, youll need 800 earnings to attain your income objective.
