Are you missing out on the most promising residual income opportunities of the modern world? Discover the best ways to building residual income, either online or off.
What is residual income in the first place?
Here’s a quick definition from Wikipedia:
"Residual income (or passive income) is an income received on a regular basis, with little effort required to maintain it."
As a comparison, let's see how you make money in a regular 9 to 5 job?
You wake up early in the morning, go to work, stay there for 8 hours and then go home.
By the time you get back to your family, the whole day has passed.
You’ve just traded your time for money. And that’s the exact opposite of what residual income stands for.
With residual income, you have to put in the work upfront so that you can sit back and enjoy the benefits later.
This way, instead of trading hours for dollars, you’re leveraging your time.
Which option sounds better to you? Personally, I’m a huge fan of residual income opportunities.
Well, there was a time when I used to think so. Now I’m here to help you think otherwise.
It is possible for anyone with enough commitment to generate residual income.
It used to be a lot harder in the past without the internet. Truth is, it’s still very risky and dubious in the offline world.
However, the internet makes it so much easier. Starting an online business and making it profitable is not that complicated. It is certainly not as hard as internet marketing “gurus” make you think.
As you can see, these examples are not easily attainable.
Starting any of them takes a lot of capital, time, research, skill and even more risk. In my opinion, these aren’t ideal ways to generate residual income.
Let’s use J. K. Rowling as our example. She’s now a multimillionaire thanks to the Harry Potter series (I’m a huge fan of those books by the way).
She must be making thousands of dollars every day. Do you think she’s still working to generate that money?
I highly doubt it! She took the time to write all the 7 books once, but that’s it! Now she just sits back and watches the money roll in.
She put in the hard work upfront, and now she’s reaping the benefits even years afterwards.
But not everyone is as talented (lucky?) as J. K. Rowling or other authors.
This is definitely NOT the best residual income model for the “average” person.
I admit, I’m a little bit biased because I’m running an online business myself. But you’ll soon see why I’m so eager.
In the online world, there are many residual income opportunities such as
Don’t worry if you don’t know anything about these yet. They are very easy to learn an implement. Don’t let anyone discourage you!
in all of them that they
I’d say starting your own online business website is the best way to go. I’m doing it myself and this is how most people become successful online. The costs are minimal, the risk is even lower and the profit potential is great!
I don’t want to lie, but by investing only $20-30 a month for only 1 or 2 years, you could be making hundreds or even thousands of dollars in passive income monthly.
Let’s just take Crystal Maleski, the owner of www.makedinnereasy.com as an example.
She is a perfect “work at home mom” case study.
Raising four kids, she was still able to become hugely successful by building her own online business website.
She also mentions that starting www.makedinnereasy.com was a great decision because it involved a lot less risk than starting a physical store.
She’s an inspirational example, since she knew nothing about building an online business when she got started.
However, gradually, she became more and more experienced and managed to reach over 1.500 visitors a day and more than 7.500 subscribers. Talk about amazing results!
And if a work at home mom like Crystal can do it, so can you! That’s the beauty of starting an online business.
Do you have any questions about residual income opportunities? Would you like me to help you with something? Feel free to contact me right away. I’d be happy to help you out!