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Before we start, allow me to explain some of the terminologies of this passive income world. There are just two kinds 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 powerful 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.
For example, if a service pays $25 in residual commissions, referring 100 individuals will make you $2,500 per month without doing any work. About 30% 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 active income is that busy passive income is a one-time compensation and also you dont keep earning commissions from your purchase. This 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 best passive income stream is one which gives you both residual and active income and were going to talk about a few 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 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 destroy your entire business overnight.
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Before we dive down into the world of passive income opportunities, let me give you a list of things Im going to teach you here:
Im going to get started using the easiest passive income plan, then we will dive deeper into building a business which pays big commissions daily.
The passive income strategy Im 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 unique tracking link and when a sale is made, they will earn a cut, typically percent 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 these days, Amazons affiliate application isnt the hottest 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 applications like Aversity will pay up to $3,000 per purchase to affiliates. These are special applications that arent Clicking Here generally open for everyone. We'll explore different top ticket affiliate original site applications as we proceed down into this report.
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I could write an entire post to address this issue in the online business world. If you follow a few of those so-called YouTube professionals, 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 weekly.
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 work 9 months to get a $25 commission, but I dont want you to think itll be quick.
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To answer the long terms question: Just how much money you can earn in 6 months, I will need to discuss different business strategies since if you use the approaches that Im planning to share here, you can go well beyond the $20,000 a month goal in no time.
In order to make $20,000 per month in passive income, you'll need to earn $20,000 in commissions from an affiliate network. An average network like Clickbank pays $10 to $100 a sale. If you earn $25 on average per sale, youll need 800 earnings to attain your income objective.
