The Ultimate Guide To Residual Income In Belgium - Passive Residual Income
Before we start, let me explain a few of the terminologies of this passive income globe. 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 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 type of income in which you earn a monthly commission for the selling youve made.
For example, if a service pays $25 in residual commissions, referring 100 people will make you $2,500 a month without doing any job. About 30% 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 residual and active income is that active passive income is a one-time compensation and also 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 every purchase. .
The best passive income flow is one which provides you both residual and active income and were going to talk about a couple of ways 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 from one supply 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 advertising platform can destroy your entire business overnight.
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Before we dive down into the world of passive income opportunities, let me give you a listing of things Im going to teach you :
Im going to begin using the simplest passive income strategy, then we'll dive deeper into building a business that pays you big commissions daily.
The passive income strategy Im going to discuss with you is used by companies like Amazon and Apple and its called affiliate marketing. In this strategy, 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 percent 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 nowadays, Amazons affiliate application isnt the hottest one. Normally, affiliates earn 50% commissions on sites like Clickbank (that we will discuss soon) but even thats not the most lucrative affiliate program you can join.
High ticket affiliate applications like Aversity will pay up to $3,000 per sale to affiliates. These are specific programs that arent usually open to everyone. We'll explore different top ticket affiliate programs as we move down into this report.
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I could write an entire article to address this issue in the online business world. If you stick to some of those so-called YouTube gurus, all youll see is their luxury cars and horses which might give you the impression which you can begin a simple affiliate marketing business and rake in $20,000 in weekly.
Building an online business takes some time but with the ideal approach, your journey wont be as painful as this link mine was. When I started 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 for a $25 commission, but 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'll need to go over different business strategies since if you use the approaches that Im about to discuss here, you can go well beyond the $20,000 per month target in no time.
In order to make $20,000 per 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. If you earn $25 on average per sale, youll need 800 sales to achieve your income goal.
