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Put AdSense ads on your website and get compensated depending on the number of clicks or views the ad receives.Having a popular blog makes selling an ebook or app a lot easier too. Youve already got a sizable group of individuals that are potential customers and will buy 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 manner, you can invest in dividend stocks to earn residual 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 them, which I highly recommend.Investing in dividend stocks is an important part of building an income snowball.The more money youre willing 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 people 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 great deal of platforms which make the process simple.Courseminded is an online courseabout creating an online course.Once the program is created, usually with bundled audio, movie, and a few written information, you place it online and earn residual income from every sale.Create a Review SiteBecause of the internet, the research people put in before making a purchase is incredible.Before the internet, if you wanted to purchase a TV, the only person you can speak to with any knowledge was the salesman.
Then earn residual income from affiliate fish tank sales or even posting ads.TopTenReview is pretty generic, but if you niche it down, you can 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 item from their store for your customer.This means you dont need to order inventory, possess a warehouse, or storing anything.
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Theyll house them in one of the warehouses and take care of 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 goods to Amazon and put 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 people are currently searching and shopping.
Theyve already ordered from Amazon and dont have any issues with doing it again.Or, you can find great deals at local shops, buy a bunch of products and do exactly the same thing.Travis Scott of StuffParentsLike utilized a toy store liquidation to buy up a bunch of merchandise. He turned around and sold them via Amazon and created $3,000 per month.It takes a little more work than other businesses but the residual income is very nice.
He even gets others to pay for the development.In essence, youll speak to other business owners to figure out a significant problem their having.If you find enough of these with exactly the same problem and can think of an idea that would save them both time and money, youve got yourself a viable product.You can even get those business owners to produce an early buy at a discount.
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Then this becomes an excellent decision to earn passive residual income.Plus, youve got all the equity in the property which you return when you sell. All of that has been paid 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 have the benefit of owning a rental home without having to think of a large sum of money for a down payment.