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Put AdSense ads on your site and get paid depending on the number of views or clicks the ad receives.Having a favorite blog creates selling an ebook or app a whole lot easier also. Youve already got a sizable group of people that are potential customers and will purchase your products.Pinch of Yum is a cooking blog that's been CRUSHING it with residual income.Invest in Dividend StocksThis is a favorite of mine and Warren Buffett.If youve already got a job that 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 able to invest in dividend paying stocks, so the bigger your snowball will get and the remaining income youll earn.Its a gorgeous 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 produce the process simple.Courseminded is an online courseabout creating an online course.Once the course is made, typically with bundled audio, movie, 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 before making a purchase is incredible.Before the internet, if you wanted to purchase a TV, the only person you can talk to using any knowledge was that the salesman.
Then earn residual income from affiliate fish tank sales or even posting ads.TopTenReview is pretty generic, but should you niche it down, you could dominate a topic 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 product from their warehouse for your customer.This means that you dont need to 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 carry inventory, you can purchase products in bulk from a distributor. Then send the goods to Amazon and set 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 purchased from Amazon and dont have any issues with doing this again.Or, you can find excellent deals at local shops, buy a bunch of products and do the same thing.Travis Scott of StuffParentsLike used a toy store liquidation to purchase a bunch of merchandise. He turned around and sold them through Amazon and created $3,000 per month.It requires a bit more work than other businesses but the residual income is very nice.
He even gets other people to cover the development.In essence, youll speak to other useful reference business owners to figure out a major problem their having.If you find enough of these with exactly the same problem and can come up with an idea that could 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 decision to earn passive residual income.Plus, youve got all of the equity in the house that you return when you sell. Each of which has been paid for by renters.Not all of us has enough money saved up to purchase a rental property, though.Here is where RealtyShares comes in.You get the benefit of owning a rental home without having to think of a large amount of money for a down payment.