Creating and monetizing a blog, writing for content sites, becoming an independent sales representative, and creating a product like an e-book are all ways to earn residual income. These opportunities can generate income for months or even years after the initial effort.
An individual can consider many different types of residual income opportunities. Among the most popular are creating and monetizing a blog and creating content sites that pay based on advertising revenue. A person can also find some residual income opportunities as an independent sales representative. Also, an individual can create his own product such as an e-book through which he can earn residual income.
One of the types of residual income opportunities that a person can consider involves starting a blog. An individual can create a blog and add clickable advertisements to it. Then, whenever someone visits your blog and clicks on one of these links, the blog creator earns a small amount of money. Likewise, he can place ads for companies that will pay a commission for every sale of a product initiated through the blog. Often, a person who chooses this option to generate residual income is able to make money from a blog post months or even years after it was originally created.
Another possibility involves signing up to be a writer with a content site. These sites often pay the writers residual income based on payments from the ads the content helps generate. The pay-per-page for this type of deal is usually small, but some people can earn a significant amount of money by writing many pages of content and posting them on these sites. Your written content has the potential to generate residual income as long as the content remains published.
An individual can also earn money as an independent representative for a company that offers residual income opportunities. In this case, he can earn a commission for each sale and continue to receive revenue as long as the buyer maintains the service or continues to buy products from the company. For example, an independent sales representative could contract to sell Internet services. He can earn a commission on the initial account sign-up and then earn additional money each time one of his customers pays his internet bill.
When a person is looking for residual income opportunities, they might also consider creating a product that they can sell over and over again. For example, an individual can write an ebook and sell downloads to multiple customers. He only needs to put effort into creating the e-book once, but he has a chance to earn unlimited money from it.
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