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Put AdSense advertisements on your site and get paid depending on the number of clicks or views the advertisement receives.Having a popular site makes selling an ebook or program a lot simpler too. Youve already got a large group of individuals that are potential customers and will purchase your products.Pinch of Yum is a cooking blog 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 like, or are earning income another manner, you can invest in dividend stocks to earn residual 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 them, which I highly recommend.Investing in dividend stocks is an important part of building an income snowball.The more money youre able to invest in dividend paying stocks, so the larger your snowball will get and the remaining income youll earn.Its a beautiful cycle.Start an Online CourseThis one is like an ebook or blog.Youve got knowledge that other men and women are willing to pay 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 made, usually with bundled audio, movie, and some written information, you post it online and earn residual income from every sale.Create a Review SiteBecause of the internet, the research people put in prior to making a purchase is incredible.Before the internet, if you wanted to buy a TV, the only person you could talk to using any knowledge was the salesman.
Then earn residual income from affiliate fish tank sales or even posting ads.TopTenReview is pretty generic, but if you niche it down, you could dominate a subject pretty easily.Build an eCommerce Store and DropshipDropshipping is the simplest way to market a physical product.Youll find a distributor that is willing to send the item from their warehouse for your customer.This means you dont have to dictate inventory, possess 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 is a built-in user base.Millions of people are currently searching and shopping.
Theyve already purchased from Amazon and dont have any problems with doing it again.Or, you can find great deals at local stores, buy a bunch of products and do the exact same thing.Travis Scott of StuffParentsLike utilized a toy store liquidation to buy up a bunch of merchandise. He turned around and sold them through Amazon and created $3,000 per month.It takes a bit more work than other businesses however, the residual income is very nice.
He even gets others to cover the development.In essence, youll speak to other business owners to come up with a significant problem their having.If you find enough of them with the identical issue 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 this link purchase at a discount.
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Then this becomes an excellent decision to earn passive residual income.Plus, youve acquired all the equity in the property which you return when you sell. All 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 get the benefit of owning a rental home without having to come up with a massive sum of money for a down payment.