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Place AdSense ads on your site and get compensated depending on the number of clicks or views the ad receives.Having a favorite blog creates selling an ebook or app a whole lot easier also. Youve already got a large group of people who are potential clients and will buy your products.Pinch of Yum is a cooking website that has been CRUSHING it by residual income.Invest in Dividend StocksThis is a favorite of mine and Warren Buffett.If youve already got a job you prefer, or are earning income another way, you can invest in dividend stocks to earn remaining income.Certain stocks will pay out money, or dividends, on a monthly or quarterly basis.
You can spend the money or turn around and reinvest themwhich I highly recommend.Investing in dividend stocks is a major part of building an income snowball.The more money youre able to invest in dividend paying stocks, the larger your snowball will get and the remaining income youll earn.Its a more beautiful cycle.Start an Online CourseThis one is like an ebook or blog.Youve got knowledge that other people are willing to cover for.Instead of teaching them face to face, or having them read a book, make an online course.There are a lot of platforms that make the process simple.Courseminded is an online courseabout creating an online course.Once the program is created, usually with bundled sound, video, and a few written information, you post it online and earn residual income from each sale.Create a Review SiteBecause of the internet, the study people put in prior to making a purchase is incredible.Before the internet, if you wanted to purchase a TV, the only person you can speak to with any knowledge was the salesman.
Then earn residual income from affiliate fish tank earnings or even posting ads.TopTenReview is pretty generic, but should you niche it down, you could dominate a subject fairly easily.Build an eCommerce Store and DropshipDropshipping is the simplest way to sell a physical product.Youll find a distributor that's willing to send the item from their store for your customer.This means you dont need to dictate inventory, possess a warehouse, or even storing anything.
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Theyll house them in one of like it their warehouses and look after the rest when your product is purchased.If you want to carry inventory, you can purchase products in bulk from a distributor. Then send the goods to Amazon and put up your storefront on their site.The bonus of having your store on Amazon is that there's already a built-in user base.Millions of people are currently searching and shopping.
Theyve already ordered from Amazon and dont have any problems with doing this again.Or, you can find excellent deals at local stores, buy a bunch of products and do the same thing.Travis Scott of StuffParentsLike utilized a toy store liquidation to purchase a bunch of merchandise. He turned around and sold them via Amazon and made $3,000 a month.It takes a little more work than other businesses but the residual income is very nice.
He even gets other people to cover the development.In essence, youll talk with other business owners to come up with a major problem their having.If you find enough of them with the same problem and can come up with an idea that would save them both time and money, youve got yourself a workable product.You can even get those business owners to make an early purchase at a discount.
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Then this becomes an excellent choice to earn passive residual income.Plus, youve acquired all the equity in the house that you return when you sell. Each of that has been paid for by renters.Not all of us has enough money saved up to purchase a rental home, though.Here is where RealtyShares comes in.You have the benefit of owning a rental property without having to come up with a large amount of money for a down payment.
Search a subject and youre bound to find someone who's reviewing a product, talking about it, or merely making funny anchor videos.The opportunities are endless as long as youre willing to place yourself in front of a camera.There is a tiny box that youll click on the dashboard which enables advertising on your own videos and YouTube takes care of the rest.Looking for more ideas take a look at the massive list post I pulled with tons of ideas on how to earn residual income.ConclusionWhether its passive residual income or plain residual income, the rewards are massive.If you take that residual income and invest it, you've began an income snowball which will grow quickly.