7 Nice On-line Residual Revenue Methods For You
No matter how much money you make now, there is always an opportunity to make a little more. The internet is full of all kinds of residual income opportunities that can really increase your annual income and give you the money you need to make your life better.
All it takes is a little bit of ambition and knowing where to look for these opportunities. Let’s examine some of the most current and popular residual income ideas to increase your income.
Online income ideas for you
Whether or not you can take advantage of each of these remaining income opportunities depends on your skills, time available, and other factors. Read on to find out which ideas will work best for you.
And be open. You may also want to consider ideas that you have never thought of before. Fortunately, there are plenty of resources you can use to learn new ways to make a residual income.
Here are some ideas and resources.
1. Freelance writing for blogs and websites
There are many websites and blogs out there looking for people who can produce great content for them. If you have a gift for writing, you might want to try writing for websites.
Why do these websites need more content? Because the more articles a website contains, the more likely it is that they will rank for more keywords. Higher rankings mean more visitors, which in turn can lead to more readers buying your products and services!
If you enjoy writing, make a list of topics you know a lot about. Then you start looking for work. You can reach out to managers of blogs you read frequently or promote your services on a website like Fiverr.
You can also submit your resume on websites like Upwork or Contently.
As you begin your writing career, be prepared to accept lower fees or even work for free. But as you begin to gain experience and become more in demand, you can work your way up to the higher paying jobs.
When I started freelancing, I made about five cents per word. Today I do more than that several times. If you’re a good writer, the money will come.
Your goal in the beginning is to get your name out there and get your work published.
2. Publish ebooks
Another idea to get some residual income is to publish some e-books. Now you need some worth reading information in order to try this.
eBooks are a great way to get a regular residual income that is also passive income.
This is because you only write the content once, publish it, and then make it available to an unlimited number of customers on Amazon, iTunes, and dozens of other platforms for the rest of the ages!
I’ve seen a number of bloggers claiming to make five- and six-digit earnings by regularly selling eBooks for $ 0.99 to $ 2.99 each.
While that’s a ton of downloads, it speaks volumes about the value of the information they are selling!
With resources like Microsoft Word or Google Documents, writing an eBook isn’t as difficult as it sounds. You can now start writing your manuscript and have it professionally edited and formatted for Kindle in no time.
Also, remember that you don’t have to write hundreds of pages to get your material published. With the lower prices, it has become very acceptable to have books with only 25, 50, or even 100 pages.
Blogging is a very powerful way to make money because, similar to the other things listed, you only need to write your content once for people to find it for years to come.
In this case, you can earn income from people clicking the ads or buying products that you are promoting.
To become a blogger, you don’t have to invest a lot of money to get started. I started websites for just $ 24 and then only spent a handful of money writing the first 10 articles.
Once you start seeing income, you can invest that back into the site and hire freelance writers to increase the number of articles.
If you are looking for a great blogging resource, then there is a fantastic tutorial on Blogging +7,500 to check out.
4. Affiliate Marketing
To further expand the idea of blogging, you can also build a healthy stream of income by having a good knowledge of affiliate marketing as well.
This is the type of advertising that you get paid every time someone makes a purchase through the site’s ads.
You don’t pay every time someone clicks; only when someone makes a purchase. The downside, however, is that the amount of money you get can be a lot higher than a pay-per-click advertising opportunity.
It all depends on the product you are placing on the advertisement. The more expensive items sometimes pay you hundreds of dollars when someone decides to buy them through your website.
Check out places like Clickbank to find products and services that you as an affiliate advertiser can easily promote.
5. Sell supplies, crafts, or instructions
Another great way to get some residual income is to find opportunities to sell supplies, crafts, or directions.
The way this works is by creating an item for sale and then selling it on a website like Etsy or eBay. If you are good at making a certain type of craft, you can make and sell it.
Ideas include downloadable or custom art, custom jewelry, baby items, etc. Or you can buy items wholesale and sell at retail prices to people who make handicrafts.
For example, you could sell jewelry supplies, thread, scrapbooking supplies, etc.
This post on how to start an Etsy shop is a great tutorial that can help you learn more.
Another option would be to get directions for something to sell on eBay. For example, I only paid $ 10 to get directions and a supply list for building a hay barn for my farm.
I’ll save money by building it myself, and DIY style building will be a lot easier with instructions and a delivery list. And the plan’s creator receives a commission on my purchase.
Knowing how to build something can help you make plans to sell it online. The plans could be for a shed or other home and garden product.
Or you sell plans and a delivery list (and even the supplies) for a child or adult craft project.
You will receive a commission when this customer makes a purchase. That’s a one-time payment, but if the customer wants to populate your listing or share it with others you can earn more.
The more advertising you do, the more customers you can reach.
6. Retail arbitrage
Retail arbitrage is when you buy something at a low price and then sell it at a higher price. So you buy items in the following places:
- A wholesaler
- Garage and real estate sales
- Online sites like Craigslist
And then you turn around and resell them at a higher price. The goal is to find items that are both priced and popular that people will be happy to buy.
You can resell them on sites like eBay or you can open a personal Amazon shop and sell on Amazon.
My stepfather does that with golf clubs and makes a decent little income every year.
7th floor photography
Another way to make income online is to sell your personal photos. Sites like iStockphoto sell photos to businesses and bloggers who need them for their websites.
Every time someone acquires the rights to use a photo, the photographer receives a small commission. The better your photos are, the more likely people will buy them.
Note that the most popular types of photos are those depicting people in natural settings, such as
- Play outside
- In a doctor’s office or other popular location
- Dinner with friends or family
- Read to children
- Hang out with friends or family in a popular location
Every stock photography website has parameters that their photos must match. Read a website’s photo guidelines and submit your photos for approval.
Once approved, you can start making money.
Other great ways to have some residual income:
These aren’t the only things you can do online to make more money. We have a huge list of ideas of more remaining income opportunities that you can try on the internet to make more money today.
And just try more than one! As mentioned earlier, multiple sources of income are an effective tool for meeting your financial goals. Check them out today!
Who knows, you could find the perfect remaining income opportunities to make enough money to replace your job income.
Image courtesy of FreeDigitalPhotos.net