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Before we start, let me explain a few of the terminologies of the 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 them together.
Residual Passive Income: This kind of income is one of the secrets to success in your online business and can be powerful if you manage to build a supply of residual income. Residual income is the form of income where you earn a monthly commission for the sale youve made.
For example, if an agency pays $25 in residual commissions, referring 100 individuals 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 type of money you earn by selling a product, or even a service. The main difference between residual and busy income is that busy passive income is a one-time compensation and also you dont keep earning commissions from your 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 purchase. .
The greatest passive income stream is one which gives you both residual and active income and so were going to talk 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 in one source or a business that is getting most of its traffic and earnings from one stage 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 overnight.
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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 :
Im going to begin using the easiest passive income strategy, then we'll dive deeper into building a business which pays big commissions every day.
The passive income strategy Im about to share with you is used by companies like Amazon and Apple and its own called affiliate marketing. In this strategy, an affiliate (you) will you can find out more market a product using their own unique tracking link and when a sale is made, they will earn a reduction, typically percent 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 application isnt the hottest our website one. Normally, affiliates earn 50% commissions on websites 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 cover up to $3,000 per sale to affiliates. These are specific programs that arent usually open for 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 deal with this issue in the online business world. If you follow some of the so-called YouTube professionals, all youll see is 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 a week.
Building an online business takes time but with the right strategy, your journey wont be as painful as mine was. When I started my online business 6 years ago, 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 discuss different business strategies since in the event that you use the strategies that Im planning 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 purchase, youll need 800 sales to attain your income goal.
Its important to know what Im going to teach here will make a huge difference in how far you will be making in the future so be sure you read this very carefully.