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Before we begin, allow me to explain a few of the terminologies of this passive income world. There are just two 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 kind of income is one of the secrets to success in your online business and can be powerful 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.
For instance, if a service 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 type of money you earn by selling a product, or a service. The main difference between staying 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 every sale. .
The greatest passive income flow is one that gives you both residual and busy income and so were going to speak about a couple of ways 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 from one source or a business that is getting the majority of its visitors 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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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 using the easiest passive income plan, then we'll dive deeper into building a business that pays you big commissions every day.
The passive income plan Im going to share with you is used by companies like Amazon and Apple and its called affiliate marketing. In this approach, an affiliate (you) will promote a product using their own unique tracking link and when a sale is made, they will earn a cut, 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 program isnt the hottest one. Normally, affiliates earn 50% commissions on sites like Clickbank (which we'll discuss soon) but even thats not the very lucrative affiliate program you can join.
High ticket affiliate programs for example Aversity will cover up to $3,000 per sale to affiliates. All these are specific programs that arent generally open for everyone. We will explore different high ticket affiliate programs as we proceed down into this report.
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I could write an entire article to address this issue in the online business my link world. If you follow some of those so-called YouTube professionals, all youll see is their luxury cars and horses which may give you the impression which 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 approach, your journey wont be as painful as mine was. When I began my online business 6 years back, it took me 9 months to earn my first $25 commission. Im not asking you to work 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 Full Report to discuss different business strategies since if you apply the approaches that Im about to discuss here, you can go well beyond the $20,000 a month target in no time.
In order to make $20,000 per month in passive income, you'll need to earn $20,000 in commissions from 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 earnings to attain your income goal.