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Before we begin, let me explain a few of the terminologies of the passive income world. There are 2 types of passive income: Lively and Residual. If youre planning to earn some serious money, youre going to need both of them together.
Residual Passive Income: This type of income is one of the keys to success in your online business and can be successful if you manage to build a supply of residual income. Residual income is the form of income in which you earn a monthly commission for the selling youve made.
For example, if an agency pays you $25 in residual commissions, referring 100 individuals will make you $2,500 a month without doing any work. Approximately 30% of Aversity Gold Masterclass members earn residual incomes from products 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 staying and active income is that busy passive income is a one-time compensation and you dont keep earning commissions from your 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 every purchase. .
The greatest passive income flow is one that provides you both residual and busy income and so were going to talk about a couple of ways to create that kind of incomes online.
The number 1 is the most dangerous number in the world of business. Building a passive income stream that pays you from one supply or a business that is getting most of its traffic and sales from one stage 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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So 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 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 plan Im about 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, Clicking Here they will earn a reduction, usually percent 5 to 50% depending on the product 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. Normally, affiliates earn 50% commissions on websites like Clickbank (which we will talk about soon) but even thats not the most lucrative affiliate program you can join.
High ticket affiliate programs for example Aversity will cover around $3,000 per purchase to affiliates. These are special applications that arent usually open for everyone. We will explore different high ticket affiliate applications as we proceed down into this report.
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I could write an entire post to deal with this problem in the online business world. If you stick to some of those so-called YouTube gurus, 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 some time but with the right strategy, your journey wont be as painful as mine was. When I began 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 that I dont want you to think itll be fast.
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To answer the long terms question: Just how much money you can earn in 6 months, I will need to go over different business strategies because in the event that you apply the approaches that Im about to discuss here, you can go well beyond the $20,000 a month target in no time.
In order to earn $20,000 a month in passive income, you will need to earn $20,000 in look at this website commissions by an affiliate network. An average network like Clickbank pays $10 to $100 a sale. If you earn $25 on average per purchase, youll need 800 earnings to attain your income goal.
