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Before we start, allow me to explain a few of the terminologies of this passive income globe. There are 2 types of passive income: Lively 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 successful if you manage to construct a source 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 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 type of money you earn by selling a product, or a service. The main difference between staying and busy income is that active 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 it all depends on how much money youll earn from each sale. .

The best passive income stream is one which provides you both residual and busy income and were going to talk about a few ways to create that kind of incomes online.

The number 1 is the most dangerous number in the world of business. Building a passive income stream that pays you from one source or a business that's getting the majority of its traffic and sales from one stage 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, let me give you a list of things Im going to teach you :

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

The passive income plan Im going to discuss with you is utilized by companies like Amazon and Apple and its own called affiliate marketing. In this approach, an affiliate (you) will market a product using their own special tracking link and when a sale is made, they will earn a cut, usually %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 most popular one. Normally, affiliates earn 50% commissions on sites like Clickbank (that we will discuss soon) but even thats not the most rewarding affiliate program you can join.

High ticket affiliate applications like Aversity will pay around $3,000 per purchase to affiliates. All these are specific programs that arent generally open for everyone. We'll 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 stick to some of those so-called YouTube professionals, 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 weekly.

Building an online business takes 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 that 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 in the event that you use the approaches that Im planning to discuss 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 from find this an affiliate network. An normal network like Clickbank pays affiliates $10 to $100 a sale. Should you earn $25 on average per sale, youll need 800 sales to attain your income goal.

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

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