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Before we start, let me explain some of the terminologies of this passive income world. There are just two types of passive income: Lively and Residual. If youre planning to earn some serious money, youre going to need both of these together.
Residual Passive Income: This kind of income is one of the secrets to success in your online business and can be successful if you manage to construct a source of residual income. Residual income is the form of income where you earn a monthly commission for the selling youve made.
For instance, if an agency 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 products 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 staying and busy income is that busy passive income is a one-time compensation and also you dont keep earning commissions from your purchase. It 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 flow is one which gives you both residual and active income and were going to speak about a couple of ways 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 from one supply 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 advertising platform can kill your entire business overnight.
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So before we dip down into the world of passive income opportunities, let me give you a list of things Im going to teach you :
Im going to begin with the easiest passive income plan, then we'll dive deeper into building a business that pays you big commissions daily.
The passive income strategy Im her comment is here going to discuss with you is used by companies like Amazon and Apple and its affiliate marketing. In this approach, an affiliate (you) will market a product using their own special tracking link and when a purchase is made, they will earn a reduction, 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 nowadays, Amazons affiliate application isnt the hottest one. Normally, affiliates earn 50% commissions on websites like Clickbank (that we'll discuss soon) but even thats not the very lucrative affiliate program you can join.
High ticket affiliate programs for example Aversity will cover up to $3,000 per purchase to affiliates. These are specific applications that arent usually open to everyone. We'll explore different top ticket affiliate applications as we move down into this report.
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I could write an entire article to address this issue in the online business world. If you follow some of the so-called YouTube gurus, all youll see is their luxury cars and horses which might provide you the impression which you can begin a simple affiliate marketing business and rake in $20,000 in a week.
Building an online business takes time but with the right approach, 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 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 will need to go over different business strategies since if you apply the approaches 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'll need to earn $20,000 in commissions by an affiliate network. An normal network such as Clickbank pays $10 to $100 a sale. Should you earn $25 on average per sale, youll need 800 sales to attain your income objective.
Its important to know what Im about to teach here will make a massive difference in how far you'll be making in future so make sure that you read this very carefully.