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Before we begin, allow me to explain some of the terminologies of this passive income globe. There are 2 kinds of passive income: Active and Residual. If youre planning to earn some serious money, youre going to need both of these 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 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 $25 in residual commissions, referring 100 individuals will make you $2,500 a month without doing any work. About 30 percent 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 a service. The main difference between staying and active income is that active passive income is a one-time compensation and also you dont keep earning commissions from your sale. 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 stream is one which gives you both residual and busy income and were going to talk about a couple of 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 supply or a business that is getting the majority of its visitors and sales 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 ad 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 listing of things Im going to teach you :

Im going to begin with the simplest passive income plan, then we will dive deeper into building a business that pays big commissions daily.

The passive income strategy Im going to discuss with you is utilized by companies like Amazon and Apple and its 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 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 (that we will talk about soon) but even thats not the most lucrative affiliate program you can join.

High ticket affiliate applications for example Aversity will pay around $3,000 per sale to affiliates. All these are specific applications that arent usually open for everyone. We will explore different high ticket affiliate programs as we move down into this article.

 

 

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I could write an entire article to address this issue 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 might 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 right strategy, your journey wont be as painful as mine was. When I started my online business 6 years back, 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 that I dont want you to think itll be fast.

 

 

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To answer the long terms question: How much money you can earn in 6 months, I will need to discuss different business strategies since my explanation in the event that you apply the approaches that Im about 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 average network like Clickbank pays $10 to $100 a sale. If you earn $25 on average per sale, youll need 800 earnings to attain your income goal.

 

 

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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 be sure that you read this very carefully.

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