What is the best way to build residual income?
Saturday, July 3rd, 2010 at
2:49 pm
If I were to build my passive income to be greater than my expenses, how would I go about doing that?
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StephenDoughty8840 (25)
ray @ how to make... (1)
You could write a good book, and if it’s popular, you can make money from sales for years. Or get a principal role in a movie or TV show, and get money from DVD sales or syndication.
Or you buy dividend-paying stocks and cash those dividend checks that come in quarterly.
You can try by building a blog.Blog come to the most important marketing platform used by many people to achieve passive income online.You can visit Johnchow dot com and learn how he make money online and what techniques he applied too. If you want more detail about what blog title you should have, techniques and etc, im suggest you to buy Blogging To The Bank 2. In that ebook you will learn everything on how you can make money from blogging and how to attract more traffic to your blog.
There are several ways to build a passive or residual income, become a successful author, musician etc where you receive royalties on the every sale of your product. That is one way, but if you are not a talented writer or musician, then there is another way, which can be done by anybody.
Find an excellent network marketing company and become an independent representative, here you will have the opportunity of building a business which can result in substantial income, provided you are prepared to put some effort into it. Honesty, integrity and an excellent work ethic are essentials to be successful.
The secret of residual income is being able to tap into the efforts of others, big business owners know this which is why the CEO’s of very large corporations earn huge salaries, they get a small share of the efforts of all their employees.
With network marketing, you have a business which is actually much fairer than large corporations, you earn from the efforts of yourself and others, however the difference is you will earn nothing unless you help the others be successful, it is a people helping people industry.
Now there are thousands of possible companies some are good but a lot are very poor, so you will need to do some research before you commit your self.
If you care to contact me through my 360 profile I will give you a couple of web addresses which might be of interest to you.
Do the work once and receive payments forever! Here are a few suggestions:
- Build a paid membership site online
- Write an E-book and upload to Clickbank.com
- Invest in people at Prosper.com
- Become a consultant and set up residual fees
Build residual income by providing a service, information, or product that people or businesses have to use over and over again. Otherwise, sell to the sellers.
A membership site is also great if you can constantly supply content, products, or information that others are willing to pay for monthly.
My number one suggestion is to supply what is constantly needed by those in the trenches rather then being in the trenches yourself. Sell to the sellers!
Hi, thank you for all your useful information. I have using blogging to the bank by Rob, and what i can say, it’s really cool!. I have made 20$/day now. blogging2bank.co.tv