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Before we start, allow me to explain a few of the terminologies of the passive income world. There are 2 types of passive income: Lively and Residual. If youre planning to earn some serious money, youre going to need both of them together.
Residual Passive Income: This type of income is one of the keys to success in your online business and can be successful 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 selling youve made.
By way of example, if a service pays $25 in residual commissions, referring 100 individuals will make you $2,500 a 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 even 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 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 each purchase. .
The best passive income stream is one which provides you both residual and busy income and so were going to talk about a few ways to create that kind of incomes online.
The number 1 is your most dangerous number in the world of business. Building a passive income stream that pays you in one source or a business that is getting the majority 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, let me give you a list of things Im going to teach you here:
Im going to get started with the simplest passive income plan, then we'll dive deeper into building a business which pays big commissions daily.
The passive income plan Im going to discuss with you is utilized by companies like Amazon and Apple and its 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 cut, usually %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 application isnt the most popular one. Usually, affiliates earn 50% commissions on websites like Clickbank (which we will discuss soon) but even thats not the very lucrative affiliate program you can join.
High use this link ticket affiliate applications for example Aversity will cover around $3,000 per purchase to affiliates. These are specific applications that arent generally open to everyone. We will explore different high ticket affiliate applications as we move down into this report.
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I could write an entire post to deal with this issue in the online business world. If you stick to some of those so-called YouTube gurus, all youll see is that their luxury cars and horses which may give you the impression that you can start 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 work 9 months to get a $25 commission, but 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 discuss different business strategies because if you use the strategies that Im about 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'll need to earn $20,000 in commissions by an affiliate network. An average network such as Clickbank pays $10 to $100 a sale. If you earn $25 on average per purchase, youll need 800 sales to achieve your income objective.
