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Before we begin, let me explain some of the terminologies of the passive income world. There are 2 types of passive income: Active and Residual. If youre planning to make 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 construct a supply of residual income. Residual income is the type of income where you earn a monthly commission for the selling youve made.

By way of instance, if an agency pays $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 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 active income is that active passive income is a one-time compensation and you dont keep earning commissions from your purchase. This has its own pros and cons which Im not going to get into, but it all depends on how much money youll earn from every sale. .

The greatest passive income stream is one that gives you both residual and busy income and were going to talk about a couple of approaches to make that kind of incomes online.

The number 1 is your very dangerous number in the world of business. Building a passive income stream that pays you from one supply or a business that's getting most of its visitors and sales from one stage can be terribly 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 dive down into the world of passive income opportunities, Allow Me to give you a list of things Im going to teach you here:

Im going to get started with the simplest passive income strategy, then we'll dive deeper into building a business that pays big commissions every day.

The passive income strategy Im about to discuss with you is utilized by companies like Amazon and Apple and its own called affiliate marketing. In this approach, an affiliate (you) will market 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 solution 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 most popular one. Usually, affiliates earn 50% commissions on sites like Clickbank (which we'll talk about soon) but even thats not the very lucrative affiliate program you can join.

High ticket affiliate applications like Aversity will pay around $3,000 per purchase to affiliates. These are special applications that arent generally open to everyone. We will explore different high ticket affiliate programs as we move 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 follow a few of those so-called YouTube professionals, all youll see is that their luxury cars and horses which might provide you the impression that you can begin a simple affiliate marketing business and rake in $20,000 in weekly.

Building an online business takes time but with the ideal approach, your journey wont be as painful as mine was. When I began my online business 6 decades ago, 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 fast.

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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 if you apply the approaches that Im planning explanation to share here, you can go well beyond the $20,000 a month goal in no time.

In order to make $20,000 a month in passive income, you will need to earn $20,000 in commissions from an affiliate network. An normal network such as Clickbank pays $10 to $100 a sale. Should you earn $25 on average per sale, youll need 800 earnings to achieve your income goal.

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

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