Everyone needs more than one source of income, but there are only 24 hours in a day to work. Passive Income will allow you to make money while you sleep, will take the pressure off of you and help you live an easier life. Here are 4 passive income ideas to help you make your first $20,000 or more online.
Almost everybody these days is talking about passive income streams and opportunities. In fact, there are about 7,000 videos are created about this subject every single day on YouTube alone. So what are the best passive income opportunities and how an average person can use them to make money online?
Before we start, let me explain some of the terminologies of the passive income world. There are 2 types of passive income: Active and Residual. If you’re planning to make some serious money, you’re 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 powerful if you manage to build a source of residual income. Residual income is the type of income where you earn a monthly commission for the sale you’ve made. This way, you keep earning commissions as long as they’re paying for that service.
For example, if a service pays you $25 in residual commissions, referring 100 people will make you $2,500 a month without doing any work. About 30% of Aversity Gold Masterclass members earn residual incomes from products they’ve sold.
Active Passive Income: This is the type of money you earn by selling a product, or a service. The main difference between residual and active income is that active passive income is a one-time compensation and you don’t keep earning commissions from the sale. This has its own pros and cons which I’m not going to get into, but it all depends on how much money you’ll earn from every sale.
The best passive income stream is one that gives you both residual and active income and we’re going to talk about a couple of ways to make that kind of incomes online.
Why Do You Need Both of them?
The number “1” is the most dangerous number in the world of business. Building a passive income stream that pays you from one source or a business that is getting most of its traffic and sales 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. That’s why you will need multiple sources of passive income, not only one.
So before we dive down into the world of passive income opportunities, let me give you a list of things I’m going to teach you here:
- The Best & Easiest Passive Income Strategy
- How Much You Can Earn in The Beginning vs. In 6 Months
- Taking Everything to The Next Level
- Best Passive Income Opportunities to Get Started Today
I’m going to get started with the easiest passive income strategy, then we will dive deeper into building a business that pays you big commissions every day.
The Best & Easiest Passive Income Strategy
The passive income strategy I’m about to share with you is used by companies like Amazon and Apple and it’s called affiliate marketing. In this strategy, an affiliate (you) will promote a product using their own special 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.
The affiliate marketing was popularized by Amazon but these days, Amazon’s affiliate program isn’t the most popular one. Usually, affiliates earn 50% commissions on websites like Clickbank (which we will talk about soon) but even that’s not the most lucrative affiliate program you can join.
High ticket affiliate programs like Aversity will pay up to $3,000 per sale to affiliates. These are special programs that aren’t usually open to everyone. We will explore different high ticket affiliate programs as we move down into this article.
How Much You Can Earn in The Beginning vs. In 6 Months
I could write an entire article to address this issue in the online business world. If you follow some of the so-called YouTube gurus, all you’ll see is their luxury cars and horses which might give you the impression that you can start a simple affiliate marketing business and rake in $20,000 in a week. Sorry, it doesn’t usually work that way.
Building an online business takes time but with the right strategy, your journey won’t be as painful as mine was. When I started my online business 6 years ago, it took me 9 months to earn my first $25 commission. I’m not asking you to work 9 months for a $25 commission, but I don’t want you to think it’ll be quick. For example, on average, Aversity Gold Masterclass members earn their first commissions in 30 days but we’ve had cases where members made a sale in 3 days or less.
To answer the long terms question: “How much money you can earn in 6 months?”, I will need to discuss different business strategies because if you apply the strategies that I’m 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 will need to earn $20,000 in commissions from an affiliate network. An average network like Clickbank pays affiliates $10 to $100 a sale. If you earn $25 on average per sale, you’ll need 800 sales to achieve your income goal. What if there was a better way?
Taking Everything to The Next Level
It’s important to know what I’m about to teach here will make a huge difference in how much you will be making in future so make sure you read this very carefully.
Every successful internet marketer who earns passive income has a secret source of income. This source of income is responsible for 90% of the top marketer’s income. This is even used in our company, Aversity (more on that soon). The secret is selling high ticket products to your customers. For example, our company earns $400,000 a month on average and about 74% of that 400k is coming from our high ticket sales. This is how gurus earn money while the majority of affiliate marketers earn small commissions and fail in their business.
If you want to build a stable source of passive income, you need to promote high ticket products alongside your low ticket front products. I will talk about that soon, but if you’d like to learn more about high ticket sales, this is the video you want to watch:
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Best Passive Income Opportunities to Get Started Today
Now that you know the basics, it’s time to talk about the best passive income ideas and opportunities to build the life you’ve always wanted. Before we start, I want to give you a list of filters I’m going to use here. What I mean by filters is that every passive income opportunity that I will share with you here should have these properties:
- It needs to have residual income
- It needs to pay high ticket commissions
- It needs to have 1-on-1 coaching
- It needs to have a community where you ask questions and connect with other people like yourself
- and It needs to provide the training you need to help you build your business
Passive Income Opportunity #1: Earn High Ticket Commissions with Aversity
Aversity partners program is a done for you system which all Aversity members have access to. This system will provide everything you’ll ever need to generate income online as fast as possible.
You will have access to this program when you join Aversity Gold Masterclass. When you join Aversity, you will access the top of the line training programs to teach you the best strategy to get started with your affiliate marketing business. These are passive income ideas used by top gurus and successful marketers and for the first time, Aversity members can access them.
Another amazing feature of this program is the 1-on-1 coaching that comes with it. This is one of the things Aversity is known for and there is nothing like it anywhere else online.
When you become a member, a coach will be assigned to you to help you solve any issues you might have with your business. You can contact your personal coach from Skype, phone or even email.
Another great feature that will make you feel like home is Aversity’s internet marketing community. All of Aversity members participate in this forum and make it one of the greatest place to network, learn and teach! You can contact members individually, ask questions, create groups and do a lot more in this community…
But the most important feature of Aversity is its high paying affiliate program. Aversity members can earn commissions up to $3,000 per sale without actually making the same themselves. You can promote low ticket frontend products to make easy sales and a phone sales team will sell more products to your customers and send the commissions directly to your bank account!
Passive Income Opportunity #2: Promoting Clickbank Products
I’ve talked about Clickbank and its benefits in the past but no matter how much I talk about it, there’s always more to learn. In case if you don’t know what Clickbank is, Clickbank is one of the biggest affiliate networks in the world. On this website, affiliates from around the world can promote products to make commissions from $5 to $300.
You can find the full list of my Clickbank related videos on YouTube here
There are 3 steps to sell a Clickbank product in order to earn commissions:
Addressing a Need: You basically need to get people to listen to you by talking about a subject on a video or website. Talk about the problem they’re having that your product will help solve but don’t sell anything.
Establishing Trust: This is where you ask people to trust you by giving you something. This way, you’ll build a relationship with them and get them to trust you and everything you say. A good example of that in our own company is our free 4 step training program where we provide valuable training for free over the period of 4 days before selling a product.
Delivering The Final Push: This is where you give them another reason to listen to you. This is usually something to set you apart from dozens of other affiliates that are selling the same product as you. This can be a bonus course or an eBook. Watch the video below as I explain this strategy in a more visual detail:
Passive Income Opportunity #3: Making Money with Udemy
Udemy is one of the biggest online learning platforms in the world, getting over a million visitors a day. This website was launched in 2011 and to this day, it hosts over 12,000 courses and has millions of users. So why I’m talking about Udemy?
Because it’s a great place to share your knowledge on anything and make some serious money. To give you an idea, my little experiment on Udemy has made me over $12,000 to this day:
Compare to what I make with my own company, this is peanuts but it’s a great place to generate some passive income. Here’s a step by step checklist to get started with Udemy and make money online:
- Choose a skill you possess and like to teach it to other people (or learn something new and teach it to people!)
- Write a list of videos you’d like to create, teaching your skill to everyone, step by step
- Use your computer webcam and a recording software to record your training videos
- Upload it on Udemy and profit from it
Making an Udemy course might sound scary, but it really isn’t and the more you do it, the easier it gets. You might ask why would anyone listen to you or why would they want to buy your course when there are thousands of other programs they can already buy.
The key to success on Udemy is to focus on your course and nothing else, the fear will go away as soon as you upload your first course and make your first few thousand dollars. I had a friend who took 3 months to make an Udemy course because she was simply scared. Today, she has over 14 Udemy courses and makes over $20,000 a month.
Passive Income Opportunity #4: Making Money From Blogging
The final passive income idea I’m going to share with you today is one of my personal favorite subjects, blogging. Blogging is an easy way to build a passive income if you’re into writing. You don’t have to be a professional writer to be a great blogger, you just need to write about great things.
It takes time to build a business using a blog, but when it does, it’s going to completely hands-off. For example, a blog post I published on Medium about a year ago got thousands of views and made me some great commissions on Amazon. Another good but a bit more advanced example is Aversity Blog. Aversity Blog generates over $2,000 in revenue every single day.
To get you started with blogging, here’s a couple of things you need to know if you really want to make it with this strategy:
You need to write LONG, detailed and great blog posts: I don’t write that many blog posts since my day is pretty packed but when I do, I write great ones. Take this article, for example, it’s been taking me a week to finish this article but the result is a detailed, long and helpful article that will be loved both by readers and Google.
Having a YouTube channel with your blog will help: Having a YouTube channel with your blog is great for branding porpuses. It tells people that you’re more than just a random website or an unknown person behind a blog, it’ll make you a real person which establishes more trust and will make it easier for you to sell.
I strongly recommend taking the Niche Blogging Success course if you want to learn how I earn thousands of dollars in sales using simple 5-page blogs.
So the 4 passive income strategies we talked about in this article are earning high ticket commissions with Aversity, selling Clickbank products, making Udemy courses and earning money through blogging.
If you like to learn online marketing and build your own online business where you earn passive income online, even when you sleep, you should join Aversity Gold Masterclass. Aversity Gold Masterclass will give you the top of the line training, access to the community of experts, ability to earn big commissions, up to $3,000 a sale and more importantly, 1-on-1 coaching to take your online business to the next level.
If you’re ready to join Aversity, Click here to get started.
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