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Before we begin, let me explain some of the terminologies of this passive income world. There are 2 types 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 keys 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.
For example, if a service pays you $25 in residual commissions, referring 100 individuals will make you $2,500 a month without doing any job. About 30 percent of Aversity Gold Masterclass members earn residual incomes from goods theyve sold.
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Active Passive Income: This is the type of money you earn by selling a product, or a service. The main difference between residual and active income is that active passive income is a one-time compensation and you dont keep earning commissions from your 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 best passive income stream is one that gives you both residual and active income and so were going to talk about a few approaches 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 from one supply or a business that's getting the majority of its visitors and earnings from one platform can be terribly dangerous. It will leave your business in a vulnerable position and a sudden shift in a search engine or an advertising platform can kill your entire business overnight.
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Before we dip down into the world of passive income opportunities, Allow Me to 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 will dive deeper into building a business which here are the findings pays big commissions every day.
The passive income strategy Im about to discuss with you is used by companies like Amazon and Apple and its own affiliate marketing. In this strategy, an affiliate (you) will promote a product using their own unique tracking link and when a sale is made, they will earn a reduction, typically %5 to 50 percent 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 program isnt the hottest one. Usually, affiliates earn 50% commissions on websites like Clickbank (which we will discuss soon) but even thats not the most rewarding affiliate program you can join.
High you can try this out ticket affiliate programs for example Aversity will pay around $3,000 per purchase to affiliates. All these are special programs that arent usually open to everyone. We'll 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 problem in the online business world. If you follow a few of the so-called YouTube gurus, all youll see is that their luxury cars and horses which may give you the impression which you can start a simple affiliate marketing business and rake in $20,000 in a week.
Building an online business takes some time but with the ideal strategy, 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 initial $25 commission. Im not asking you to operate 9 months for a $25 commission, but I dont want you to think itll be fast.
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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 if you apply the strategies that Im planning to discuss here, you can go well beyond the $20,000 per month target in no time.
In order to make $20,000 a month in passive income, you'll need to try here 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 sale, youll need 800 earnings to achieve your income objective.
Its important to know what Im about to educate here will make a massive difference in how far you'll be making in future so make sure that you read this very carefully.