Is there anything better than waking up in the morning and see that you have earned money while you were sleeping?
Well, my friends, this is possible and I am leaving proof. It is called Residual Income Streams, some people might call it Passive income.
I don’t know about you but I have been skeptical for years, with good reasons.
I’ve been trying different online programs and they all turned out to be scams. I lost lots of money..
I eventually got tired of these so-called great profit-making investment companies that promised growth in your financial investment even by investing as little as $10, $20, or $50. These companies would take people’s hard-earned money making them believe within the next few months they will come out with a great financial profit. I was a victim of too many of these schemes until I came across Residual Income Streams.
Let me tell you, this totally changed my life!
What Is Residual Income
Residual Income also known as passive income is the income that keeps coming after doing a one-time-task. For example, selling membership online. Every year when a person renews that membership you will earn residual income from it. Residual income is a very good key to building your wealth.
Why is it so good? Once that residual income is on place with a strong platform, you will then enjoy the $$$$ 🙂 Remember, you don’t put all your eggs in the same basket. Start working on several different Residual Income so you can enjoy multiple streams of income.
Residual income is the smartest business you can get involved with versus any dream job.
You can do a residual income from anything you like or you are good at.
Building Your Residual Income
What are the types of residual income?
1- Here is a way you can build a residual income: You can make your own product like writing your own ebook, CD, DVDs, courses or any other thing you are good at and built a site for that product then you can put your product at affiliate networks like ClickBank, Affiliate Junction, or Amazon. This is one way of enjoying the residual income. You can even earn multiple passive income streams by making other products.
2- Promote other people’s products. Of course, it is better to choose a product with recurring fees. But, you can do fine with a one-time-purchase-product if you write a good review that ranked highly in search engines. It will convert sales while doing nothing.
More residual Income Ideas:
Build a mobile phone app
Make videos and put them on YouTube
Create a content-rich blog using a good keyword tool generator and put ads on it
Making Your Own Product
Design and Create a Product Tutorial
- 1- Assuming you already decided on the product you will make, write about your product.
- 2- First, draft a blueprint with the order of chapters, then, come up with a good book title that is related to your product and has a strong keyword value for search engines.
- 3- Build a simple website easy to navigate for your product and get an email list and auto-responder like Aweber.
- 4- Now it is time to get a nice book cover
- 5-Keep in mind the monthly and yearly fees for your website and other costs like auto-responder, affiliate commission, etc when pricing your book.
- 6- All done! Not bad right? Of course, you can always freelance to Fiverr or other Freelancers.
- 7- Keep in mind your website design and content are very important.
You Can’t Make Your Own Product? – No Problem
Let’s assume you already know which things you like to start your residual income with, so here is what you will need:
- -A website with a domain name related to your niche.
- -You will also need the email list. This will help you a lot.
- -Then, start searching for products. Chose a recurring one that you like – it is better as a beginner. Then write about them.
- -After that, it will be time to promote: search for the top reviews and try to know why these reviews are ranked highly, which will help you to get your review on the first page too. Make it a goal!
- -Write your own content about that product on your website, then add some affiliate links, like this you will create multiple residual stream income, that is what you are looking for.
- -Sell your ad spots, put Adsense, use email lists to get more sales.
- -Think about your audience’s needs and not how much money you will be making, otherwise, you will set yourself up for failure!
Now, Let’s assume that you have no idea which product you would like to market for your residual income:
Click on the picture below to get some help on finding your niche to market
I hope that this will help you understand Residual Income Stream!
As always, I am here to answer any questions you may have
Wishing you lots of success
Please share, you might be helping someone ?
A really great and insightful article. I have dabbled in affiliate marketing before but I didn’t pursue it like I should have. However, I’ve never been able to stop thinking about it.
I think I need to get back into it and make that residual income just like you are explaining here.
Thanks for the inspiration.
Hi Tom, thanks for your comment! Residual Income streams are very good revenue if you set it up correctly. Let me know if you need help!
This article is very informative and easy to understand, so many of us new to this now understands better what residual income streams are and how to use them to earn an income online.
Which of these products do you recommend for someone just starting a business,
Hi Jeff! Thanks for your comment, I really appreciate that. I, myself didn’t understand how residual income stream worked so I never bother with it until I got scammed so many times and I called it a quit. Then I did some research on Residual Income Streams and shared my findings.
As for as the product that I would recommend it is all depends on your passion. I use Wealthy Affiliate as a platform for years now and I am very happy!
I’m a big proponent for multiple income streams through passive income, which is synonymous with residual income. The reason being that if one income source dries up, you still have others churning away. The sticky part is getting to the point where they are generating steady income. Not so easy to do! Thank you for this good article.
Hello Anne, thanks for your comment! I agree with you but when your passive income are in place you need to keep working on your website at least a couple of hours a week which will help generating a steady income. Personally I didn’t work on my business for about 6 months. I had a big family emergency. I was surprised to see when I got back to my countr, all the checks waiting for me, so I am a firm believer of Residual Income Streams ?
Thanks for the article, I have found it interesting. I’m already building a website and I’m planning to have other forms of passive income too, but for the meantime, this is all I’m able to do. I’m adding affiliate links to my articles but not in all of them. How often do you recommend doing a review with affiliate links on a blog?
Thanks, I appreciate it. Wish you the best,
Hi Andy, thanks for your comment. You should check your affiliate link on regular basis as you want to make sure they are working properly. Some time the affiliates change their link or remove it totally especially if they are a promotion link. Hope I was able to clarify your concern about affiliate links, if not, you know where to find me and ask away… I am here to help?
I have been wanting to start working on creating residual income to complement what I earn thru salary. I just don’t know where to start. I am thinking of starting an Ebook. Is there a platform that you can suggest for a newbie like me?
Hi Leslie, thanks for your comment. I would recommend Wealthy Affiliate. As a matter of fact you can attend free classes and training. They have a class on ebook as well. You can sign up for free membership. Let me know if you need my help.
Thanks for the insightful post. I got a lot of information out of it that I will use in the future. There are so many things that are overlooked when trying to figure out how to do all of this by yourself. It’s made me a firm believer in continual learning and finding the right places to get the right information.
Hi Carrie, thanks for stopping. Residual Income Streams can be a bit confusing that’s why it is very important to have the right platform and training. If you need help please let me know!
Hi Carole. Thanks for sharing the info. and the video was relatable to the analogy of a music artist which I am also. Every cent is celebrated and are baby steps to more success and reaching that goal. I use the term “freedom”, but residual income summed it up with the explanation. Very informative!
Hi Michele, thanks for stopping by and comment. You are absolutely right, baby step is a must. There is no such thing as getting rich overnight!
I enjoyed this article because it’s simple enough that it makes me really believe in the possibilities! It’s nice to see lots of ideas for getting started too. Thanks for the motivation.
Hi Tara, thanks for your comment! I am glad you enjoyed my post. I tried to made it simple and easy to understand. Let me know if you need help!
Very solid article on residual income. Love the examples given in more ways to implement some extra income. The way you wrote the article is so easy to understand that it could be summarised as making money while you sleep. Thanks for this
Hi Mike, thanks for commenting on this post. We hear about residual income streams but we are not so sure how to get it started. I was one of them. My goal, with this post, was to make it simple so people can get the picture and start making money when sleeping.
Thanks for writing this great article.
I have an ebook already, but it’s not doing too well. I’ve been resisting Amazon, but reading this I think I’m going to give them a shot.
I love the thought of earning while I’m asleep
Hi Judy, thanks for your comment! I am glad I can help you with your ebook. Nowadays with the 9 to 5 jobs, you are not sure what tomorrow will brings you. Passive Income, if you understand the concept, is a good way to secure your financial future.