Good Examples Of Residual Income Streams
The Internet has revolutionized the way we earn money. There are millions of people across the globe that make a full-time living strictly from the Internet. They have jobs and careers, own small businesses and earn residual income online. It is possible to earn money simply by employing certain skills and plugging into the gold mine that is the Internet. Making money from a variety of residual income streams is entirely possible for the motivated income earner.
The old model of making money is quickly being replaced. No longer do you have to physically complete a task to earn money. The knowledge industry is the new fastest-growing industry, employing millions. These earners have discovered a way to earn money, even when they are not working. Residual income refers to money that is earned on a product or service over and over again. The basic idea is that you work once and get paid multiple times. The knowledge industry is the biggest supplier of residual income, with many people earning a full-time living based on residual earnings.
Good Examples of Online Residual Income Streams
Writers often earn lucrative salaries based on residual income. A skilled writer can create an article or series for a blog and sell advertising space. The writer earns money every time a reader views his content, allowing him to earn money every day without additional effort. An article that took 15 minutes to write can earn income months or years down the line.
Musicians, artists and photographers are also big residual income earners. A musician may create a song and allow users to download it for a small fee. The musician earns money every time the song is downloaded. In a sense, the artist can earn money in his sleep with residual income online.
One of the most popular residual income streams is through affiliate marketing. Business owners give incentives to affiliates to promote their products and drive traffic to their sites. When a blog’s reader visits an advertiser’s site, the blog owner gets a small commission.
The featured products are strategically placed to be relevant to the reader, providing value to the business owner, the webmaster and the customer. This form of marketing will allow you to earn an unlimited amount of money online with very little effort. An affiliate with significant web traffic can earn thousands of dollars in residual income simply by creating a page that will get high readership.
There are many ways to earn income online, from starting a small business to creating a well-read blog or website. If you are looking to work once and earn money over and over again, research the best residual income streams on the Internet.
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