No matter how much money you are currently making there is always an opportunity to earn a little more. This is especially true for people who have seen their salaries drop and who are not making as much as they are used to.
Fortunately you do not have to settle for this. And the answer to your problems could be as close to you as your computer! The Internet is full of all kinds of great residual income opportunities which can help really boost your yearly earnings and give you the money you need to make a difference in your life.
All that you need is a little ambition and to know where to look for these opportunities, and you could have some great passive income coming in every month! With that said, let’s explore a few of the most current and popular residual income earning methods out there.
Writing On The Side:
There are plenty of websites and blogs that are looking for people who can produce great content for them.
Why do these websites need more content? Because the more articles a website has, the more likely they are to rank for more keywords, get found organically in the search engines, attract more visitors and readers, and possibly have those readers click on their ads or buy their products and services!
If you love to write, then these are the kinds of websites you will want to target when you’re for paying freelancing opportunities. Be prepared in the beginning to accept smaller fees or even work for free. But as you start to gain experience and become more in demand, you can work your way to the higher-paying jobs.
Look to sites like Copywriter, eLance, or oDesk for job postings that will help get you started.
eBooks are a great way to earn some regular residual 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 eternity!
I’ve seen a number of bloggers who claim to make five and six figure incomes just from selling eBooks on a regular money basis at $0.99 to $2.99 each. Even though that’s a lot of downloads, I think it speaks volumes to how good the writing must be!
With resources like Microsoft Word or Google Documents, writing an eBook is not as difficult as it sounds. You could start writing your manuscript now and have it professionally edited and formatted for Kindle in no time.
Also keep in mind that you do not have to write several hundred pages to have your material published. At the lower prices it has become very acceptable to have books with as low as 25, 50, or even 100 pages.
Blogging is a very powerful income earning opportunity because, similar to the other things we’ve listed, you only have to write your content once in order for people to find it for years to come. And when that happens, you’ll earn a revenue from people clicking on the ads or buying products you’re promoting.
In order to become a blogger you do not need to invest much money to get started. I’ve started websites for as little as $24 and then spent only a handful of articles writing the first 10 or so articles. Once you start to see some earnings, you can then re-invest it back into the website hiring freelance writers to help boost the number of articles.
Plus if you’re looking for a great resource on all things blogging, we’ve got an awesome +7,500 “how to blog” tutorial available for you to check out.
To further add on to the idea of blogging, you could also build a healthy stream of income by getting good at affiliate marketing as well.
This is the type of advertisement that pays you each time someone makes a purchase from the website’s ads. They do not pay each time that someone clicks, only when someone makes a purchase. But the trade-off is that the amount of money that you get can be a lot higher than a pay-per-click advertisement option. It all depends on the product you are placing on the advertisement. The higher priced items will sometimes pay you hundreds of dollars when someone decides to purchase them through your website.
Check out places like Clickbank to find products and services you can easily promote.
Another great way to receive residual income is by looking for opportunities as a company’s representative. The way that works is that you as the representative would introduce the company’s service to a customer. Keep in mind that you don’t necessarily have to do this in person to make it happen. This could happen through an email or phone call campaign.
You would get a commission when that customer makes a purchase. That is a one-time pay, but if the customer renews the service or makes other purchases you still would get a small percentage of the sale. When you get several customers and the company has many different services to earn money from you can end up being rewarded very nicely for your efforts.
You’ll be amazed to know that nowadays anyone with as little $100 in their pocket can become a part of global financial market. Low initial investment requirements along with proliferation of online brokerages allow common people like you and me to start trading and capitalizing on financial markets. The best part – you don’t have to be a finance professional for that. Today one can utilize other people’s knowledge and expertise via usage of automated forex trading software. It works by either copying trades of experienced traders or via complex algorithms generating trading signals and is capable of becoming a passive income source.
More Great Residual Income Opportunities:
These aren’t the only things you can do online to earn more cash. We’ve got a huge idea list of more residual income opportunities you could try over the Internet to start earning more cash today. Check them out!
- Passive Income Opportunities You Can Take Advantage of From Home
- Great Extra Income Opportunities Using The Internet
- I Want To Make Money on the Side – What Are Some Ways To Do So?
Image courtesy of FreeDigitalPhotos.net