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Before we begin, let me explain some of the terminologies of the passive income globe. There are 2 kinds of passive income: Lively 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 successful if you manage to construct a source of residual income. Residual income is the type of income in which you earn a monthly commission for the selling youve made.
By way of 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 kind of money you earn by selling a product, or a service. The main difference between staying and busy 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 it all depends on how much money youll earn from every purchase. .
The best passive income stream is one that provides you both residual and busy income and were going to speak about a couple of ways to create 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 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 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 listing of things Im going to teach you here:
Im going to get started using the simplest passive income strategy, then we'll dive deeper into building a business that pays big commissions daily.
The passive income strategy Im going to discuss with you is visit utilized by companies like Amazon and Apple and its own called affiliate marketing. In this approach, an affiliate (you) will market 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 program isnt the most popular one. Usually, affiliates earn 50% commissions on sites like Clickbank (which we will discuss soon) but even thats not the most rewarding affiliate program you can join.
High ticket affiliate programs for example Aversity will pay up to $3,000 per sale to affiliates. All these are special programs that arent generally open to everyone. We will explore different high 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 professionals, all youll see is their luxury cars and horses which may give you the impression which you can begin a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes time but with the ideal approach, your journey wont be as painful as mine was. When I began my online business 6 years ago, moved here it took me 9 months to earn my initial $25 commission. Im not asking you to work 9 months to get a $25 commission, but that I dont want you to think itll be quick.
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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 since in the event that you apply the strategies that Im planning to share here, you can go well beyond the $20,000 per 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 from an affiliate network. An average network such as Clickbank pays affiliates $10 to $100 a sale. If you earn $25 on average per sale, youll need 800 earnings to attain your income objective.
