How to Earn Residual Income Online: 6 Ways to Skyrocket Your Passive Income

The following article is a guest post.

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Making money online by working from home definitely has its boons. However, one reason that makes it the best way to earn an income is that it is a very good source of residual income.

Setting up an online business is one of the best ways to earn recurring residual income.

The things that I’m enclosing in this article might surprise a lot of you, because they’re not used hugely by people. It’s very common to find people who wish to make a lot of money online in no time. Every business requires time to show results and an internet business takes its time too.

According to me, the fastest and best ways to generate a residual income online are as follows:

1. Article Writing for Revenue Sharing Sites.

There are a number of article writing sites that share the revenues generated from the articles, with the authors of those articles. Once an article is written on these sites, it gets monetized by the inclusion of advertisements.

Money is generated on the basis of clicks received on these ads. Revenue sharing sites share the revenue generated from these advertisements. The sharing may range from 50% to 100%.

The best part is, that you don’t really need Google Adsense approval to make money from ads through some of these sites. So, if you’ve not been able to get approval from Google Adsense then this method is made for you!

The benefits of using this method to make money online are:

  • You don’t need Google Adsense approval to earn money from ads.
  • It gets easier to rank for these articles on Google, because of the high authority of revenue sharing sites.
  • You start making money as soon as the article goes live and you start receiving clicks on the advertisements.

Why is this one of the best ways to make residual income online?

Once your article gets live, it gets monetized by the inclusion of ads. If your article is liked by the people in the community, they share it. As the article gets more views, its position keeps on rising on the home page of the revenue sharing website.

It’s very usual to see a few cents flow in from every click that gradually convert into dollars by the end of the day. The best thing about this method is, that it keeps generating passive income even after getting posted just once.

As time passes, your article would get more views, more visibility, traffic and hence more clicks on the advertisements.

An article that you would have written in 30-40 minutes might generate a residual income each and every day in the time to come.

The articles that you would write would work as assets for you in the future and make the money flow in.

Moreover, you learn a lot about writing articles, search engine optimization and a lot more. You learn tons of things that you can implement on your own blog.

Best sites to make residual income from article writing:

  • eHow
  • InfoBarrel
  • HubPages
  • Triond

2. Affiliate Marketing.

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Affiliate Marketing is one of the best ways to generate a residual income online. For the ones who don’t know what affiliate marketing is, do give my affiliate marketing training a look.

The best thing about Affiliate Marketing is that most of the work which includes product creation, management, marketing, client servicing and a lot more, is done by the product owners.

As Affiliate Marketers, our only objective is to get more clicks on our affiliate links that further convert into successful sales. Whenever a sale is made from our affiliate links, we earn a commission.

Why is this one of the best ways to make residual income online?

Once you create a niche site and monetize it with your affiliate links, it keeps producing residual income for long.

You don’t have to be present at the time of making the sale. You don’t have to worry about the product development or betterment. You don’t have to worry about the shipment in case of digital products too.

According to me, you should consider the idea of creating micro niche sites and monetize them with the right affiliate products. Your website might get you recurring residual income after getting set up.

You can either make use of Google AdWords and promote your Affiliate Links or you can do direct marketing through your links.

When my family was planning to order electronic products last Christmas, I made sure that they did that through my affiliate links. And guess what, I did make a good commission out of it.

3. Join Sites like Swagbucks and InboxDollars.

Both Swagbucks and InboxDollars can give you residual income if you work here and add a good number of direct referrals.

Here you can earn by doing simple activities like taking surveys, checking ads, completing offers and even shopping online.

But the residual income comes after promoting these sites and referring dozens of members. You get lifetime earning whenever your members make any cash there.

Swagbucks is very popular & legit site in terms of paying to its members. They have paid millions of dollars to their members and you can find many positive reviews of Swagbucks on internet.

4. Blogging.

Now this method is somewhat similar to writing articles for revenue sharing sites. But it is a lot different from it in the following ways:

  • You write articles for your OWN website.
  • You actually work to create a BRAND.
  • Your articles don’t require any approval from anybody but you.
  • You get the 100% of everything that your blog earns. Your posts produce recurring residual income for you.
  • People relate you with your blog.
  • You get to make experiments with your brand and do all the changes that you desire for its betterment.

A post that you make on your blog stays there for good. Even a post that you write today could keep producing residual income for you in the years to come.

Why is this one of the best ways to make residual income online?

The more posts you write about different things related to your niche, you’d create more possibilities to monetize it. There is no doubt in the fact that maintaining a blog is easy or takes no time.

It does take time and effort, but once you succeed in setting it up in the right way, it definitely produces passive income for long.

I always recommend my readers to start a free blog first so that they get to know about the basics of using and operating WordPress.

Once you get acquainted with the basics of WordPress, you should consider buying your own domain and hosting. For me, BlueHost works the best when it comes to reliability and performance. They are really good.

You should only blog about the things that you really love or you want to learn about. Don’t just select a random niche thinking that it would make you a lot of money. It doesn’t.

I’ve tried blogging about things that I thought would make me a lot of money, but guess what? I failed miserably. It was because the niche that I selected did not really interest me much.

5. Write in Inbox.

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The best part about writing an eBook is that it can be done by anybody.

If you know about your niche really well (which you should), you can definitely try your hands in writing an eBook.

Why is this one of the best ways to make residual income online?

Writing an eBook undoubtedly has a lot of benefits:

  • It shows that you really know about the things that you blog about.
  • It shows you as an authority in your niche.
  • It helps you give it away for free in exchange for email subscriptions.
  • It helps you sell it off on ecommerce sites too.
  • It helps you stand out of the crowd. Everybody doesn’t really write eBooks.
  • It acts as a huge passive income source.

If you’re really serious about writing an eBook then you should definitely check out Pat Flynn’s eBook called ‘eBooks the $mart way‘. It’s really awesome!

Once you get through with writing an eBook, you can put it on sale using platforms like e-Junkie.

e-Junkie lets you automate the entire process of selling an eBook on your site. Your only work would be to get traffic on your landing page and make people curious about your eBook.

Once your readers would click on the ‘buy’ link, e-Junkie would do everything and you’ll see money flow in your bank account.

What makes this method completely passive is that once you get through with writing an eBook, you can sell it off for long.

People don’t really mind paying a few dollars for an eBook if they trust you. If you’re good at what you do, people won’t really think much before purchasing your eBook.

So yes, write an eBook and see residual income flow in your bank account!

6. Membership Sites.

Creating membership sites is one way which keeps the money flowing no matter what! All you need is put up great content on your website in the form of trainings, videos, tutorials etc.

The content that you include in your membership site should be really exclusive and worth checking out! Your customers should really benefit from the things that you upload. Otherwise, they won’t really pay you the monthly fee or they would simply ask for a refund.

You can make use of a free WordPress plugin called Membership.

Once you get through with setting up great content, you can charge a monthly membership fee from your customers. All you’d have to do would be to update and add more stuff to your content. It’s awesome!

I’ve been a part of a monthly membership community called Wealthy Affiliate and I’m learning a lot about managing membership sites.

MY PERSONAL TAKE

Your ultimate goal should not be just to make money online. You should rather focus on helping people and making the internet a better place. If your efforts contribute in doing so, money would definitely flow in as a by-product.

I got acquainted with one such community called Wealthy Affiliate, where people are on a mission to create genuine and successful online entrepreneurs. I’ve been a member of this community since quite some time now and my experience has been phenomenal.

People at WA don’t just make good money, but they follow a set of internet-friendly protocols that make them an authority in their respective niches. Kyle and Carson actually teach their students how to build a strong business online that creates recurring residual income.

Thanks for dropping by and reading this article. I hope it helped you in some way or the other. I’ll really appreciate it if you’d drop a comment below and simply share this post with your family and friends so that even they can live a better life and get to know about this beautiful industry that I am a part of.

If you want me to create a separate post for any of these, please feel free to include your ideas and suggestions in the comments.

Lidiya K

Lidiya K

Author, blogger and podcaster in the fields of self-improvement and life hacking. Creator of Let's Reach Success.
Full-time freelance writer. Lifestyle designer.
Lidiya K

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