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Before we start, let me explain some of the terminologies of this passive income world. There are just two 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 secrets 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 selling youve made.
By way of example, if an agency 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 kind 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 also you dont keep earning commissions from your purchase. It has its own pros and cons which Im not going to get into, but everything depends on how much money youll earn from every purchase. .
The greatest passive income flow is one that provides you both residual and active income and so were going to talk about a couple of approaches to create that kind of incomes online.
The number 1 is the most 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 visitors and sales 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 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 list of things Im going to teach you here:
Im going to get started using the simplest passive income strategy, then we'll dive deeper into building a business which pays you big commissions daily.
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 strategy, an affiliate (you) will promote a product using their own unique 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 nowadays, Amazons this website affiliate application isnt the hottest one. Usually, affiliates earn 50% commissions on websites like Clickbank (that we will talk about soon) but even thats not the very lucrative affiliate program you can join.
High ticket affiliate applications like Aversity will cover around $3,000 per sale to affiliates. All these are specific applications that arent generally open to everyone. We'll explore different top ticket affiliate programs as we proceed down into this report.
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I could write an entire post to deal with this problem 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 which 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 began my online business 6 decades back, it took me 9 months to earn my initial $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 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 since if 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 earn $20,000 per month in passive income, you will need to earn $20,000 in commissions from an affiliate network. An normal 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 objective.
