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Before we begin, let me explain some of the terminologies of this passive income world. There are 2 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 type of income is one of the secrets to success in your online business and can be powerful 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 sale youve made.
For example, if a service pays you $25 in residual commissions, referring 100 individuals will make you $2,500 a 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 kind of money you earn by selling a product, or a service. The main difference between staying and busy income is that active passive income is a one-time compensation and you dont keep earning commissions from the 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 every sale. .
The greatest passive income flow is one which gives you both residual and busy income and so were going to talk about a couple of approaches to create 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 in one supply or a business that is getting most of its traffic 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 destroy your entire business overnight.
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Before we dive down into the world of passive income opportunities, Allow Me to give you a listing of things Im going to teach you :
Im going to begin with the simplest passive income plan, then we will dive deeper into building a business that pays you big commissions every day.
The passive income plan Im going to discuss with you is used by companies like Amazon and Apple and its affiliate marketing. In this strategy, an affiliate (you) will promote a product using their own special tracking link and when a purchase is made, they will earn a reduction, usually percent 5 to 50 percent depending on the product and the company selling that product. .
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The affiliate marketing was popularized by Amazon but nowadays, Amazons affiliate application isnt the most popular one. Usually, affiliates earn 50% commissions on websites like Clickbank (which we'll talk about 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. These are special applications that arent usually open to everyone. We will explore different high ticket affiliate programs as we move down into this report.
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I could write an entire article to deal with this problem in the online business world. If you stick to a few of those so-called YouTube professionals, all youll see is that their luxury cars and horses which may provide you the impression that 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 ideal 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 first $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 see the long term question: How much money you can earn in 6 months, I will need to discuss different business strategies because if you apply the approaches that Im planning to discuss here, you can go well beyond the $20,000 a month goal in no time.
In order to make $20,000 per month in passive income, you'll need to earn $20,000 in commissions by an affiliate network. An normal network such as Clickbank pays affiliates $10 to $100 a sale. If you earn $25 on average per sale, youll need 800 sales to achieve your income goal.
