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Before we start, allow me to explain some of the terminologies of this passive income globe. 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 kind of income is one of the keys to success in your online business and can be successful 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.

By way of example, if an agency pays $25 in residual commissions, referring 100 individuals will make you $2,500 per month without doing any work. 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 even a service. The main difference between residual and active income is that busy passive income is a one-time compensation and also 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 provides you both residual and busy income and so were going to talk about a few approaches to make that kind of incomes online.

The number 1 is your very dangerous number in the realm of business. Building a passive income stream that pays you in one source or a business that is getting the majority of its traffic and earnings from one platform 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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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 simplest passive income strategy, then we will dive deeper into building a business that pays you big commissions every day.

The passive income strategy Im about to share 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 purchase 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 these days, Amazons affiliate program isnt the hottest one. Normally, affiliates earn 50% commissions on websites like Clickbank (that we'll discuss soon) but even thats not the very lucrative affiliate program you can join.

High ticket affiliate programs like Aversity will cover up to $3,000 per sale to affiliates. All these are specific programs that arent generally open to everyone. We will explore different top ticket affiliate programs as we proceed down into this article.

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I could write an entire article to deal with this problem in the online business world. If you follow a few of the so-called YouTube gurus, all youll see is their luxury cars and horses which might give you the impression which you can begin a simple affiliate marketing business and rake in $20,000 in a week.

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 decades 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 term question: Just how much money you can earn in 6 months, I'll need to go over different business strategies since if you apply the strategies that Im about to share here, you can go well beyond the $20,000 per month goal in no time.

In order to make $20,000 per month in passive income, you will need to earn $20,000 in commissions by an affiliate network. An normal network like Clickbank pays affiliates $10 to $100 a sale. Should you earn this article $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 teach here will make a huge difference in how far you'll be making in the future so be sure that you read this very carefully.

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