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Put AdSense advertisements on your site and get compensated depending on the number of clicks or views the ad receives.Having a popular site makes selling an ebook or app a lot easier too. Youve already got a large group of individuals who are potential clients and will buy your products.Pinch of Yum is a cooking website that has been CRUSHING it with 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 an important part of building an income snowball.The more money youre willing to invest in dividend paying stocks, the larger your snowball will get and the more residual income youll earn.Its a more beautiful cycle.Start an Online CourseThis one resembles 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, create an online course.There are a lot of platforms which make the procedure simple.Courseminded is an online courseabout creating an online course.Once the course is created, usually with bundled audio, video, and a few written information, you place 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 buy a TV, the only person you can speak to with any knowledge was that the salesman.
Then earn residual income from affiliate tank sales or posting ads.TopTenReview is pretty generic, but should you niche it down, you can dominate a topic pretty 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 product from their store for your customer.This means that you dont need to reference order inventory, have a warehouse, or storing anything.
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Theyll home them in one of their warehouses and take care of the rest when your product is purchased.If you want to take 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 shop on Amazon is that there's already a built-in user base.Millions of people are already searching and shopping.
Theyve already ordered from Amazon and dont have any issues with doing this again.Or, you can find excellent deals at local shops, buy a bunch of merchandise and do exactly the same thing.Travis Scott of StuffParentsLike used a go to website toy store liquidation to buy up a bunch of product. He turned around and sold them via Amazon and made $3,000 per month.It requires a bit more work than other businesses but the residual income is quite nice.
He even gets others to pay for the development.In essence, youll talk with other business owners to come up with a significant difficulty their having.If you find enough of them with exactly the same problem and can come up with an idea that could save them both time and money, youve got yourself a viable product.You can even get those business owners to make an early buy at a discount.
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Then this becomes an excellent decision to earn passive residual income.Plus, youve got all the equity in the house that you return when you sell. All of which has been paid for by renters.Not us has enough money saved up to buy a rental home, though.Here is where RealtyShares comes in.You get the benefit of owning a rental property without having to think of a massive sum of money for a down payment.
Search a subject and youre bound to find someone who's reviewing a product, talking about it, or just making funny videos.The opportunities are endless as long as youre willing to put yourself in front of a camera.There is a little box which youll click on the dashboard which allows advertising on your videos and YouTube takes care of the rest.Looking for more ideas Check out the huge list article I pulled with tons of ideas on how to earn residual income.ConclusionWhether its inactive residual income or plain residual income, the benefits are massive.If you accept that residual income and invest it, you've started an income snowball that will grow quickly.