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Before we start, allow me to explain some of the terminologies of this passive income world. There are 2 types of passive income: Active and Residual. If youre planning to earn some serious money, youre going to need both of them together.
Residual Passive Income: This type of income is one of the secrets to success in your online business and can be successful if you manage to build a supply of residual income. Residual income is the form of income where you earn a monthly commission for the selling 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 work. About 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 residual and active income is that active passive income is a one-time compensation and 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 sale. .
The greatest passive income stream is one which gives you both residual and active income and were going to talk about a couple of approaches to create that kind of incomes online.
The number 1 is your most dangerous number in the realm of business. Building a passive income stream that pays you from one source or a business that's getting most 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 advertising platform can kill 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 listing of things Im going to teach you here:
Im going to get started with the easiest passive income plan, then we'll dive deeper into building a business which pays you big commissions daily.
The passive income strategy Im going to share with you is utilized by companies like Amazon see this and Apple and its called affiliate marketing. In this strategy, an affiliate (you) will market a product using their own special tracking link and when a purchase is made, they will earn a cut, usually %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 program isnt the hottest one. Usually, affiliates earn 50% commissions on sites like Clickbank (which we will discuss soon) but even thats not the most rewarding affiliate program you can join.
High ticket affiliate programs like Aversity will cover up to $3,000 per sale to affiliates. These are special applications that arent usually open to everyone. We will explore different high ticket affiliate applications as we proceed down into this report.
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I could write an entire article to deal with this issue in the online business world. If you stick to some of the so-called YouTube gurus, all youll see is their luxury cars and horses which may hop over to here provide you the impression which you can start a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes 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 initial $25 commission. Im not asking you to work 9 months for a $25 commission, but I dont want you to think itll be quick.
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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 apply the approaches that Im planning to discuss here, you can go well beyond the $20,000 a 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 such as Clickbank pays affiliates $10 to $100 a sale. If you earn $25 on average per purchase, youll need 800 sales to attain your income objective.
