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Put AdSense ads on your site and get compensated based on the number of clicks or views the ad receives.Having a popular site makes selling an ebook or app a whole lot easier too. Youve already got a sizable group of individuals who are potential customers and will purchase your products.Pinch of Yum is a cooking blog 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 like, or are earning income another way, you can invest in dividend stocks to earn remaining income.Certain stocks will cover 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, 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 men and women are willing to pay 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 produce the process simple.Courseminded is an online courseabout creating an online course.Once the course is made, typically with bundled sound, movie, and a few written information, you place it online and earn residual income from each sale.Create a Review SiteBecause of the internet, the research people put in prior to making a purchase is incredible.Before the internet, in the event that you wanted to purchase a TV, the only person you could talk to using any knowledge was that the salesman.
Then earn residual income from affiliate fish tank earnings 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 easiest way to sell a physical product.Youll find a distributor that is willing to send the item from their warehouse to your customer.This means you dont have to dictate inventory, have a warehouse, or even storing anything.
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Theyll house them in one of the warehouses and look after the rest when your merchandise is purchased.If you want to take inventory, you can order products in bulk from a distributor. Then send the products to Amazon and set 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 individuals 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 shops, buy a bunch of products and do the exact same thing.Travis Scott of StuffParentsLike used a toy shop liquidation to purchase a bunch of product. He turned around and sold them through Amazon great post to read and made $3,000 a month.It requires a little more work than other businesses however, the residual income is very nice.
He even gets other people to pay for the development.In essence, youll talk with other business owners to figure out a significant problem their having.If you find enough of them with the same issue and can think of 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 buy 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 that you get back when you sell. All of that has been compensated for by renters.Not all of us gets enough money saved up to buy a rental property, 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.