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Before we begin, allow me to explain some of the terminologies of the passive income globe. 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 source of residual income. Residual income is the form of income where you earn a monthly commission for the sale youve made.
By way of example, if a service pays you $25 in residual commissions, referring 100 individuals will make you $2,500 a 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 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. It has its own pros and cons which Im not going to get into, but everything depends on how much money youll earn from every sale. .
The greatest passive income flow is one that gives you both residual and active income and so were going to talk about a few ways to create that kind of incomes online.
The number 1 is your very dangerous number in the world of business. Building a passive income stream that pays you from one source or a business that's getting the majority of its traffic and earnings from one stage 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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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 get started using the easiest passive income strategy, then we will dive deeper into building a business which pays big commissions daily.
The passive income plan Im going to discuss with you is used by companies like Amazon and Apple and its own called affiliate marketing. In this approach, an affiliate (you) will promote a product using their own unique tracking link and when a purchase is made, they will earn a reduction, usually %5 to 50% depending on the solution 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 on sites like Clickbank (which we will talk about soon) but even thats not the very rewarding affiliate program you can join.
High ticket affiliate programs like Aversity will pay up to $3,000 per sale to affiliates. All these are specific applications that arent usually 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 article to address this problem in the online business world. If you follow some of those so-called YouTube gurus, all youll see is their luxury cars and horses which may give you the impression which you link can start a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes some time but with the right strategy, your journey wont be as painful as mine was. When I started my online business 6 decades ago, it took me 9 months to earn my initial $25 commission. Im not asking you to click for source work 9 months for a $25 commission, but that 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 discuss different business strategies since in the event that you apply the approaches that Im about to discuss 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 will need to earn $20,000 in commissions by an affiliate network. An average network such as Clickbank pays affiliates $10 to $100 a sale. Should you earn $25 on average per sale, youll need 800 earnings to achieve your income goal.
