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Earn Residual Income Online

By Edited Nov 27, 2013 5 9

Residual income is money you earn from previous efforts, without having to work on it in the present. For example, an author who writes a book or a composer who writes a song will receive royalties every time someone buys the book or song. The songwriter might take a vacation and still earn hundreds or thousands of dollars without working at all during that time.

There are many ways to build residual income online, starting from scratch, for free or very cheaply. There will be work required upfront, but over time, your efforts will pay off with steady residual income.

Things You Will Need


Computer
Internet
Writing Ability

Step 1

Do preliminary research of ways to build a residual income online. Look into niche sites, affiliate marketing, revenue-sharing content sites, writing downloadable information products and creating software programs. Read other peoples' success stories and follow their tips to create your own method and find your profitable niche.

Step 2


One of the fastest, easiest and cheapest (i.e., free) ways to start building residual income online is to write articles on revenue-sharing content sites. Create profiles using the same user name and avatar, or signature image, to build a recognizable online presence. Some of my personal favorite sites for writing content are eHow, Bukisa, HubPages and, of course, InfoBarrel. Each of these sites pays based on ad revenue, page views or a combination. The better your articles are, and the more popular they become, the more money they will generate.

Step 3

Create a niche website. Small, focused websites on specific topics -- such as gardening tips or home security -- can be quite profitable. Start with one, and build more as time goes on. If website building and all that goes into it are brand new to you, consider using SiteBuildIt! to get started -- it's a virtual crash-course in website building and all that goes into earning money through your own site.

Step 4

Maximize your residual income through affiliate marketing. It works like this: you sign up with a merchant and generate personalized links to to products or pages on the merchant's site. Embed these links in your articles and niche sites, and when a user clicks your referral link and buys something, you get credit -- and are paid a percentage of the sale. Amazon.com is one of the best affiliate programs for newbies as approval is easy. When you have a website, you can apply at Commission Junction and other affiliate program sites.

Creating a profitable residual income online is achievable with some planning, research and effort. Sometimes you just have to get started on something to be inspired by the small successes and watch your income pick up momentum. Choose one residual income stream to start today -- and get busy.

Tips & Warnings


Set goals for your residual income, and keep working to get there.
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Comments

Feb 20, 2009 12:36pm
lynnhsmomof2
Great tips. I'll have to check out SiteBuildit. Thumbs up!
Feb 27, 2009 3:22pm
gchristine
You rock Writer Gig, I always read your articles, you seem to know what you're doing:)
Mar 5, 2009 3:49pm
bubblehead
Well Writergig, I forgot about the part of using the same user name for all the sites. So everyone remember ME. Bubblehead is Mosaicmom on Ehow. LOL Good advice here.
Apr 25, 2009 10:20pm
lissie
Hi Writergig yours is the first name I recognize here! I don't agree with your assessment of SBI but its nice to see a familiar face!
Aug 31, 2009 10:50am
loewdesigns
As always, great content here. It always good to learn new ways to earn residual income!
Nov 14, 2009 12:54am
eileen
Great article, I didnt know you were at hub pages too. thanks for that
Mar 14, 2010 8:17pm
kp3028
I think the advise about having the same 'screen name' for the various sites is very helpful. It will help you create a following...
Jul 22, 2010 2:23pm
Lynsuz
Great tips on earning residual income online.
Dec 29, 2011 12:46pm
aguy
It's great that people who are successful at this kind of thing are willing to give pointers to the rest of us!
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