What is a residual income?

Residual income is a type of income that’s lasting. It means you don’t have to work all your life to earn money. With a little effort you can sit in the comfort of your own home and earn money.

The internet is one of the fastest growing markets for different kinds of businesses. You can target customers from almost anywhere in the world. There are also a lot of payment options online. So no matter what country you are from, there is an opportunity for you.

Here are some ideas to generate a good paying site:

  1. Create eBooks. You can get more profits if you publish it yourself. But there are certain advantages if you let publishers market your book. Publishers know a lot of sites where they can place it because they have more experience. EBooks are easy to download. You only have to create one and anyone can download it as long as they pay for it or as long as they’re subscribed. Of course there are certain rules that you have to follow like getting a ISBN number for your book.

  2. Create downloadable learning tools. If you are an expert on something and you would like to use your expertise to educate people then creating downloadable tools is perfect for you. You can have an online class or hold a webinar where people learn through listening to your voice and you charge them a fee. If customers like you, they will keep coming back.

  3. Create a blog that is supported by paid advertisements. Write about anything that interests you. You can also link your blogs to other programs that offer site traffic. An example is google adsense. It is very easy to set up an account and it is available worldwide. They pay for every click on your blog’s ads. Payments vary according to the type of advertisements that show on your ads. However there are certain keywords that can attract advertisers to bid for a place in your blog.

  4. Participate in affiliate programs. Create a site that will help you campaign for your affiliates.You can visit different affiliate links and many don’t require membership fees.

  5. Make an online magazine. You can get people to subscribe, participate in the forums, and submit articles for you. You can publish it monthly, quarterly, whichever you like.