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Before we start, allow me to explain a few of the terminologies of the passive income world. There are 2 kinds 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 type of income is one of the secrets to success in your online business and can be successful if you manage to construct a supply of residual income. Residual income is the form of income where you earn a monthly commission for the sale youve made.
By way of example, if an agency pays you $25 in residual commissions, referring 100 people 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 busy passive income is a one-time compensation and you dont keep earning commissions from the sale. It has its own pros and cons which Im not going to get into, but everything depends on how much money youll earn from each sale. .
The best passive income flow is one which gives you both residual and busy income and so were going to talk about a couple of approaches to create that kind of incomes online.
The number 1 is your most dangerous number in the world of business. Building a passive income stream that pays you in one supply or a business that is getting most of its traffic and sales from one stage 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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So before we dip down into the world of passive income opportunities, let me give you a list of things Im going to teach you :
Im going to begin with the easiest passive income plan, then we'll dive deeper into building a business that pays you big commissions every day.
The passive income plan Im about to discuss with you is used by companies like Amazon and Apple and its own called affiliate marketing. In this approach, 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 solution 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. Usually, affiliates earn 50% commissions on sites like Clickbank (which we will discuss soon) but even thats not the very lucrative affiliate program you can join.
High ticket affiliate applications like Aversity will pay up to $3,000 per sale to affiliates. These are special programs that arent usually open for everyone. We will explore different top 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 stick to some of the so-called YouTube gurus, all youll see is their luxury cars and horses which may provide you the impression that you can start a simple affiliate marketing business and rake in $20,000 in a week.
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 decades ago, it took me 9 months to earn my first $25 commission. Im not asking you to operate 9 months to get a $25 commission, but I dont want you to think itll be quick.
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To why not check here answer the long term question: How much money you can earn in 6 months, I'll need to discuss different business strategies because in the event that you apply the approaches 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 will need to earn $20,000 in commissions by an affiliate network. An normal network such as Clickbank pays $10 to $100 a sale. Should you earn $25 on average per purchase, youll need 800 sales to attain your income goal.
