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Before we start, let me explain some of the terminologies of the passive income globe. There are just two kinds 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 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 type of income where you earn a monthly commission for the sale youve made.

By way of instance, if a service pays $25 in residual commissions, referring 100 people will make you $2,500 a 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 even a service. The main difference between residual and busy 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 everything depends on how much money youll earn from each purchase. .

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 the most dangerous number in the realm of business. Building a passive income stream that pays you in one source or a business that's getting most of its visitors 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 ad platform can kill your entire business overnight.

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So before we dive down into the world of passive income opportunities, Allow Me to give you a list of things Im going to teach you here:

Im going to get started with the simplest passive income plan, then we'll dive deeper into building a business which pays big commissions every day.

The passive income strategy Im about to share with you is used by companies like Amazon and Apple and its called affiliate marketing. In this strategy, an affiliate (you) will promote a product using their own special tracking link and when a sale is made, they will earn a cut, usually percent 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 these days, Amazons affiliate program isnt the most popular one. Normally, affiliates earn 50% commissions on websites like Clickbank (which we will talk about soon) but even thats not the very rewarding affiliate program you can join.

High ticket affiliate programs for example Aversity will cover around $3,000 per purchase to affiliates. These are specific applications that arent generally open to everyone. We useful reference will explore different over at this website high ticket affiliate programs as we proceed down into this article.

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I could write an entire article to address this problem in the online business world. If you follow some of the so-called YouTube gurus, all youll see is their luxury cars and horses which may give you the impression that you can start a simple affiliate marketing business and rake in $20,000 in weekly.

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 years ago, it took me 9 months to earn my first $25 commission. Im not asking you to work 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 terms 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 a month target in no time.

In order to earn $20,000 per month in passive income, you will need to earn $20,000 in commissions from an affiliate network. An average network like Clickbank pays $10 to $100 a sale. Should you earn $25 on average per sale, youll need 800 sales to achieve your income objective.

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Its important to know what Im about to educate here will make a massive difference in how much you will be making in future so make sure that you read this very carefully.

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