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Place AdSense ads on your website and get paid based on the number of clicks or views the ad receives.Having a favorite blog makes selling an ebook or app a lot easier also. Youve already got a sizable group of people that are potential customers and will buy your products.Pinch of Yum is a cooking blog that's been CRUSHING it by 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 way, you can invest in dividend stocks to earn remaining 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 themwhich 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, so the bigger your snowball will get and the remaining income youll earn.Its a more beautiful cycle.Start an Online CourseThis one is like an ebook or blog.Youve got knowledge that other men and women are willing to cover for.Instead of teaching them face to face, or having them read a book, create an online course.There are a lot of platforms that produce the process simple.Courseminded is an online courseabout creating an online course.Once the course is created, typically with bundled sound, video, and some written information, you place it online and earn residual income from every sale.Create a Review SiteBecause of the internet, the study people put in prior to making a purchase is incredible.Before the internet, in the event that you wanted to buy a TV, the only person you could talk to using any knowledge was that the salesman.
Then earn residual income from affiliate tank sales or even posting ads.TopTenReview is pretty generic, but if you niche it down, you can dominate a topic fairly easily.Build an eCommerce Store and DropshipDropshipping is the simplest way to sell a physical product.Youll find a distributor that's willing to send the item from their warehouse for your customer.This means you dont need to dictate inventory, have a warehouse, or even storing anything.
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Theyll home them in one of the warehouses and take care of the rest when your product is purchased.If you want to carry inventory, you can purchase products in bulk from a distributor. Then send the products 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 individuals are currently searching and shopping.
Theyve already ordered from Amazon and dont have any problems with doing this again.Or, you can find excellent deals at local shops, buy a bunch of merchandise and do the same thing.Travis Scott of StuffParentsLike used a toy shop liquidation to purchase a bunch of product. He turned around and sold them via Amazon and created $3,000 a month.It requires a little more work than other businesses but the residual income is very nice.
He even gets others to cover the development.In essence, youll talk to other business owners to come up with a major problem their having.If you find enough of them with exactly the same problem and can think of an idea that would read this post here save them both time and money, youve got yourself a viable product.You can even get those business owners to make an early buy at a discount.
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Then this becomes an excellent decision to earn passive residual income.Plus, youve acquired all the equity in the house that you return when you sell. All of that has been paid for by renters.Not us has enough money saved up to purchase a rental property, though.Here is where RealtyShares comes in.You have the benefit of owning a rental property without having to think of a large sum of money for a down payment.