Wednesday, 7 August 2019

13 Residual Income Business Ideas And Opportunity

13 Residual Income Business Ideas And Opportunity

Residual income is a way of making passive income or income that comes in, even when you are not working. The goal here is to have a business that needs only a few hours of management per week, a business that runs almost on autopilot.

Even, If you take a vacation for a week, you still keep making money, You don't have to constantly be working every hour just to get pay. That is the whole point of the residual income business, and I will give you 13 version of doing this business idea



1. Kindle Publishing 

Which is publishing an ebook on Amazon? You go to kdp.amazon.com, is just a page that looks like this below, you create an account and you upload book.



You can publish as many books as you want, and by publishing your book on Amazon, you get the most amount of traffic and the most possible buyers, all on one platform through Amazon.

Read: How To Sell Kindle Book on Amazon For Beginners - Step-by-step

You can get up to 70% royalty, not only in your country but in countless other countries. You don't have to be the best selling author, to make a lot of money doing this, you can sell specific non-fiction books that help people with their certain problems, 


2. Blogging

Blogging allows you to make money from a lot of different things, but the great thing about blogging is you don't have to constantly be checking on advertising, you don't have to constantly do a thing to get traffic.

You can publish an article a week, and that article, every time you publish it, would get you traffic for years if you know what you are doing.

Each blog post you do, as it ranks in search engine, would get you traffic for years to come, as you get more and more traffic all the time with people around the world in different time zone looking for this thing that your blog cover, you will constantly be making money from ads, course sale, ebook sales, and whatever you're doing to monetize your blog 24 hours a day.


3. Stock Photographic

If you're a photographer, you can sell your photo online and make royalty just like an ebook, you can go to a site like istock.com, there is another one out there also

You can upload your stock photographic and make commission basically from people downloading the right to use your images.

Many businesses need images for a blog post, videos, software, books, all kind of different thing. There is constantly company paying for photos on places like istock.com.

You just have to be one of the photographers that upload their images to the site and get paid every time people use your images.


4. Youtube Channel

Every time you make a youtube video, you can make money from that youtube video, and it might only take you a few hours to make it. If you are good at this, you might get thousands of views or millions of views per video.

You can monetize your video with ads like most people do, or you can sell courses, selling some product, or sending people to blog, whatever you're doing to monetize it, you would be constantly getting more and more traffic as you publish more videos.

But you can publish a video a week, maybe just to spend a few hours a week working, and this videos would make you money for days, weeks, month, even years to come, with a little effort.

If you know what you're doing, youtube can make you a ton of passive income, and that is why there are so many youtube millionaires.


5. Affiliate Marketing

Is a great way to make residual income, because there is a very high value to affiliate marketing. You help vendors sell their products and they paid you a commission. 

But you don't have to deal with the creation of the product, or customer support, host a product, even own website. You don't have to do any of those things, you just need to go to a site like Clickbank, which is the number one affiliate marketplace I recommend.

You pick a product that you passionate about, if you know nothing about fitness, you hate fitness, don't sell the product. Select from the categories, make sure to check out their sales page and ask yourself if you're tempted to buy the product.

Find something you know something about, that has a really good sale page, you can promote this thing through social media, blogs, video, presentation, books, you can even do pay advertising. 

You would get a commission every time people buy this product that others made through your link. If you have different forms of traffic through social, media, video, blog, etc, you could be making a lot of money from affiliate marketing even when you're sleeping.


6. Etsy Store (Art Upload)

You would see a lot of people who sell art that is ship to you. Etsy Store sell a physical product, they have a side of Etsy that allow people to download what they buy, you can download the art and then print it yourself in the size that you want after you pay for it,

You pay $18.00 to buy these, and then you instantly download it to your computer. If you do a business like this, where you make your art downloadable, you can have people downloading your art 24 hours a day in all different countries,

All you have to do is to just make new pieces of art, maybe once a week or once a month, just to keep having fresh content and build more income.


7. Udemy Courses

These are just a way to sell information, it's a way to teach people how to do things. You're basically just an instructor on the internet.

But you don't have to instruct people live, you're not like a teacher, you're somebody who records a video on how to do things step by step, you just upload them and sell the courses on udemy.com

They have over 12 million students, and they buy this course on specific things they want to learn about, and then they go through them on their own time. All you have to do is to upload your course whenever you want, and you could make a lot of money from different countries at different time


8. Podcast

Podcasting is like your own little personal radio show. There is a lot different podcast like The Joe Rogan Experience

If you want to have a residual business, podcasting is one the best way to go, because all you have to do is have advertisement within the podcast, affiliate link that you mentioned, product you mention, telling people to go your blog, there is a lot of different ways to make income just by promoting it throughout the episode.

You can check out the few podcasts I mentioned above, for example, The Joe Rogan Experience show has a lot of sponsors. Before and after the show he would mention the sponsor, and this sponsor would pay for those slots.

He makes a lot of passive income because he gets paid from them, and people are constantly listening to his podcast on their own time around the world by using the podcast app.


9. Software

Software, of course, is something people can download to their computer. If you want to create a software business, one great resource would be shopify.com

Shopify is a global leader in e-commerce service, Shopify allows you to create a software selling process, software is something you can make once, and it would make your sales for years to come, and you might need to release a new software maybe once every week, or once a month, of course, your software needs to be updated.

You're not going to spend a lot of time on this business after you have the software created and marketing funnel in place.


10. Music

If you're a musician, you might sell your own CD or album on premiumbeat.com

Premiumbeat allows you to sell music for royalty, you created the music and they have to buy the right for it. Much like a stock photographer business would be, you make the beat and you can upload it to a site like the premium beat and you will get paid when people pay for the right to use it.

Whether they want to use it in their video, movie, presentation, party, whatever it's, people would pay for the right to use your music.


11. Plugins

Plugins are this add-on that goes to a WordPress website. Wordpress is the most popular blogging platform and website creation platform out there, You can create this plugin that adds a little piece of software to a website. 

It allows you to customize it and get all kind of new faction that you didn't have when you originally make your website, it really cools helping people to create a new thing on their website using this plugin.

You can sell Plugins at a premium price if they are really good, you would notice that different company actually make a living by selling plugins. A great place to sell this plugin, of course, is wordpress.org/plugins

This could be a great way to make money, you have to update the plugin every time WordPress update. It might be once a month, the stuff would sell itself if it's good.

All you have to know is how to code and what kind of plugins to make to get a good sale. You can do other thing and this would make you money in the background 24hours a day.


12. Niche Site

A niche site is basically where you create a small website were the domain, the content and everything else is all base on a certain keyword. A very group of people who be interested in that site. 

But it's so targeted that, you can get very good ads to click through Adsense, and you can get a very good direct product sales. A niche site is what a lot of people do for a living, they would create dozens of a niche site that sell very targeted product base on that niche and ads that base on the niche.

You might need to put some content on it just like a blog post, but you can pay someone to do that, or you might do it yourself once in a while.


13. App

You can create an app for Apple phone, Android phone, you can go to developer.apple.com and look for submitting your app to the store, they show you how to get an app to publish on the app store.

This app can make you good money because people are on their phone all the time looking for new apps, so if you're good at making app, then you might make a lot of money in a residual way, and you don't need to just have one app, you can be like Zingo for instant.

They have a lot of different app games, and they just make all this money from this app, all you have to do is update them maybe once in a while to make sure they are working.

But for the most part on the income level, you can make residual income.



Alright, folks, that is my 13 Residual Income Business Ideas And Opportunity for you, am very sure you grab something from it.

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