Tag Archives: recurring income

Easy Residual Income Ideas for You

Hi there!

If you’re wondering how to build residual income with zero startup capital, this is for you. There are sources of residual income that don’t require any startup capital at all, all you need is time and a lot of creativity.

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Here are some ideas for you.

Residual Income Ideas

Sending Tweets

tweetYou might be wondering how tweeting can produce residual income.   Well, you can generate some re-occurring earnings from your Twitter posts.  For this to work well you’ll need a Twitter account with a lot of involved followers.

There are organizations out there that will pay you to sponsor a twit update to all of your followers.  There are even services that will publish the tweets if given the power to do so.

Writing Content

content writerCan you put together a write-up that provides a concept that’s useful to your readers?  Consider writing for other websites.

There are some websites that will pay you an advance fee as well as give you the chance of some residual income from the continuous page views that your article produces.

Content is often one of the first re-occurring earnings concepts tried by those just getting their feet wet in making additional money using your laptop or computer.

Blogging

bloggingLooking for something a little more versatile, why not try composing your own blog content.  This is probably one of the most convenient residual income ideas to begin with.

You can get started for 100 % free on websites like Blogger and Word Press.

Some of them like Blogger even have marketing possibilities designed right into the system. It’s simple, as simple as clicking a few buttons.  Keep in mind though, that developing an audience base or following is what will help you earn and sometimes this needs time.

Taking photos

Nowadays having a camera is very common, even if it’s the one on their cellphone.  Did you know you can take images and publish them on websites on the market? Some will let you just publish the image and pay you for web page comments when individuals come to see your work.

Online Marketing

 online marketingThere are thousands of different methods to do this.  I’ve seen marketing websites that are designed toward a particular item classification with affiliated links to the provider.

One of the most well-known methods individuals started as an online marketer is to be a part of Amazon’s affiliate system.

You can choose the items right off of Amazon’s site and they make a link and some system code for you to duplicate in your web page.

Starting is simple, but like writing a blog, making a system of individuals that want to come to see what you have to provide is where the work is.  Once you get there you can generate some of that residual income.

Do you want to start building residual income now?

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Do you have Recurring Income?

Hi there!

Let me get this question out right away “do you have recurring income?” if the answer is “yes”, good for you, definitely you are experiencing the benefits and advantages of having one.

However if “no” is the answer, well now is the time to start one. Recurring income is defined as an earning that keeps coming at a regular interval even after the work has been long gone. It also does not need your immediate participation.

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Some types of recurring income you may be acquainted with consist of having property, royalties on a creative or innovative work, and multilevel marketing.

If you want to earn more, work less, and have a reasonable pension, you’re going to have to begin developing earnings sources that do not need your immediate participation.

Whether you’re just setting up your business, or you’ve been working at it for a while, the earlier you begin considering how you are going to move your company structure to make more recurring income, the earlier you can accomplish personal and financial independence.

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Let’s look at two primary types of recurring income, and a third type of earnings that, while officially not recurring, is a key way of making more and working less.

Types of Recurring Income

Residual Income

residual income 3Residual earnings is income that happens eventually from work done once. Some illustrations include:

  • An insurance broker who gets percentage every year when a client renews his policy.
  • A network marketer or multilevel marketing rep’s earnings from her immediate customers when they reorder product every month.
  • An aerobic exercise trainer who produces an exercise video and offers it at the fitness center where she teaches.

Leverage Income

leverage incomeLeverage earnings controls the work of other individuals to make earnings for you. Some illustrations of leveraged earnings include:

  • An e-book writer promoting her e-book through associates who enhance the product
  • A system professional who develops a system and gets income on the product sales made by individuals in his down line.
  • A contractor who makes a benefit edge on the work done by sub-contractors
  • Franchising your business to other business owners (the best leverage income)

Active Leverage Income

This is a phrase I use to explain earnings that needs your immediate contribution, but that you can earn more cash by having more individuals engaged. This usually includes a one-time occasion, such as:

  • A seminar or class
  • A convention or conference
  • Concerts and dancing recitals
  • Raves and other parties

Now is the time to think about how to implement this in your business. Can you create an item that individuals will buy over and over again? Can you interact with others to offer your product? How could you generate income off the work of others?

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The earlier you answer these concerns, the earlier you’ll have economic and individual independence.

If you want to build residual income, join us now!