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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: Lively 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 secrets to success in your online business and can be powerful 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 sale youve made.
By way of example, if a service pays you $25 in residual commissions, referring 100 people will make you $2,500 per month without doing any job. Approximately 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 you dont keep earning commissions from the purchase. 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 sale. .
The best passive income flow is one that provides you both residual and busy income and were going to talk about a few approaches 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 from one source or a business that is getting most of its visitors and earnings 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 dive down into the world of passive income opportunities, let me give you a listing of things Im going to teach you :
Im going to get started with the simplest passive income strategy, then we will dive deeper into building a business that pays big commissions every day.
The passive income strategy Im going to discuss with you is utilized by companies like Amazon and Apple and its own affiliate marketing. In this approach, an affiliate (you) will market a product using their own special tracking link and when a sale is made, they will earn a cut, usually %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 program isnt the hottest one. Normally, affiliates earn 50% commissions on websites like Clickbank (which we will discuss soon) but even thats not the very rewarding affiliate program you can join.
High ticket affiliate programs like Aversity will pay around $3,000 per sale to affiliates. All these are special applications that arent usually open to everyone. We will explore different top ticket affiliate programs as we move down into this article.
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I could write an entire article to deal with this issue in the online business world. If you stick to a few of the 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 ideal approach, 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 initial $25 commission. Im not asking you to operate 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 term question: How much money you can earn in 6 months, I'll need to go over different business strategies because in the event that you apply the strategies that Im about to see here discuss here, you can go well beyond the $20,000 per 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 from an affiliate network. An normal network like Clickbank pays affiliates $10 to $100 a sale. If you earn $25 on average per sale, youll need find here 800 sales to achieve your income objective.
