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Before we begin, allow me to explain some of the terminologies of this passive income globe. 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 kind of income is one of the keys to success in your online business and can be successful 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 individuals will make you $2,500 a month without doing any work. About 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 the sale. This 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 purchase. .
The greatest passive income flow is one which gives you both residual and busy income and were going to speak 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 in one supply or a business that's getting the majority of its visitors and sales 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 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 listing of things Im going to teach you :
Im going to begin using the easiest passive income plan, then we will dive deeper into building a business which pays big commissions every day.
The passive income plan Im about to share 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 cut, typically percent 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 nowadays, Amazons affiliate application isnt the hottest one. Usually, affiliates earn 50% commissions on websites like Clickbank (that we'll discuss soon) but even thats not the most rewarding affiliate program you can join.
High ticket affiliate applications like Aversity will cover around $3,000 per sale to affiliates. These are special programs that arent usually open for everyone. We'll explore different high ticket affiliate applications as we proceed down into this article.
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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 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 approach, your journey wont be as painful as mine was. When I began my online business 6 decades ago, it took me 9 months to earn my first $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. Clicking Here
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To answer the long term question: Just 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 planning to share 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'll need to earn $20,000 in commissions by an affiliate network. An average network like Clickbank pays affiliates $10 to $100 a sale. If you earn $25 on average per purchase, youll need 800 earnings to achieve your income goal.
