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Before we begin, allow me to explain a few of the terminologies of the passive income globe. There are just two kinds of passive income: Lively and Residual. If youre planning to earn some serious money, youre going to need both of them 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 form of income where you earn a monthly commission for the sale youve made.
For instance, if an agency pays you $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 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 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 sale. .
The best passive income stream is one which provides you both residual and active income and so 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 world of business. Building a passive income stream that pays you from one supply or a business that's getting most 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 ad platform can destroy your entire business overnight.
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So before we dive down into the world of passive income opportunities, let me give you a list of things Im going to teach you here:
Im going to get started with the easiest passive income strategy, then we will dive deeper into building a business which pays big commissions every day.
The passive income plan Im about to share with you is used by companies like Amazon and Apple and its own affiliate marketing. In this approach, 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% 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 application isnt the most popular one. Normally, affiliates earn 50% commissions on sites like Clickbank (that we'll talk about soon) but even thats not the very lucrative affiliate program you can join.
High ticket affiliate applications for example Aversity will cover up to $3,000 per sale to affiliates. All these are specific programs that arent usually open for everyone. We'll explore different high ticket affiliate applications as we proceed 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 follow some of those 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 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 started 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 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 will 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 per month goal in no time.
In order to make $20,000 a month in passive income, you'll need to earn $20,000 in commissions by an affiliate network. An average network like Clickbank pays affiliates $10 check these guys out to $100 a sale. If you earn $25 on average per sale, youll need 800 sales to achieve your income objective.
