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Before we begin, let me explain some of the terminologies of the passive income globe. There are just two kinds of passive income: Lively and Residual. If youre planning to make 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 powerful if you manage to build a source of residual income. Residual income is the form of income in which you earn a monthly commission for the selling youve made.

For 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 products 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 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 each sale. .

The best passive income flow is one that gives you both residual and active income and were going to speak about a couple of ways to create that kind of incomes online.

The number 1 is the very dangerous number in the realm of business. Building a passive income stream that pays you in one source 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 kill your entire business overnight.

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Before we dip down into the world of passive income opportunities, Allow Me to give you a list of things Im going to teach you :

Im going to get started with 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 going to share with you is utilized by companies like Amazon and Apple and its own affiliate marketing. In this approach, an affiliate (you) will market a product using their own unique tracking link and when a purchase is made, they will earn a reduction, 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 application isnt the hottest one. Usually, affiliates earn 50% commissions on websites like Clickbank (that we'll discuss soon) but even thats not the very rewarding affiliate program you can join.

High ticket affiliate applications for example Aversity will pay around $3,000 per purchase to affiliates. All these are special programs that arent usually open for everyone. We'll explore different top ticket affiliate applications as we proceed down into this article.

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I could write an entire article to address this issue in the online business world. If you stick to a few of the so-called YouTube professionals, all youll see is that their luxury cars and horses which might provide 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 time but with the right strategy, your journey wont be as painful as mine was. When I began my online business 6 years ago, it took me 9 months to earn my initial $25 commission. Im not asking you to work 9 months for a $25 commission, but that I dont want you to think itll be quick.

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To answer the long terms question: How much money you can earn in 6 months, I will need to go over different business strategies since if you apply the strategies that Im about to discuss here, you can go well beyond the $20,000 a month goal in no time.

In order to earn $20,000 per month in passive income, you'll need to earn $20,000 in commissions by an affiliate network. An average network like Clickbank pays $10 to $100 a sale. Should you earn $25 on average per sale, youll need 800 sales over at this website to achieve your income objective.

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

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