Best Ways to Earn Residual Income

Now you've thought about it before - How can you make money work for you and not spend the rest of your life working for money?

It almost sounds too good to be true doesn't it?

I mean, how can a regular person like you create residual income and live the rest of your days doing what you love?

Now obviously it can be done. We all know someone or know someone who knows someone who's doing it.

Luckily for you I'm going to share how you can do it to!

Residual income, also called passive income, involves a steady source of income that does not come from an employer or contractor. This can include rental income or any other business dealing in which you do not actively participate in the business but still earn money from your initial work (like book royalties or certain types of stocks). It's important to realize that even residual income takes a lot of time and effort, and isn't as simple as waiting for the checks to roll in. Learning how to earn residual income can help you supplement your regular income and generate profits for the foreseeable future, as long as you put in the necessary work.

1 - BUILD AN AFFILIATE BLOG

Set up a blog, promote the blog, and use it to promote affiliate offers. This is by far the best known way to generate a source of passive income online.

Start with an affiliate site like ClickBank or Commission Junction. Find a few offers in a category that you know a bit about. Ideally offers with some degree of recurring income. Make sure they have good numbers, and do your keyword research to make sure there's demand. After figuring out what keywords to optimize your blog for, start a new blog and write articles. SEO optimize the blog, and promote it around the web. Once the traffic numbers start going up, deploy some ads for affiliate offers. People click on the ads, and you get paid.

Now repeat the process until you have ten or twenty blogs, or maybe hundreds if you want to lots of cash online.

2 - SELL COMMERCIAL PRODUCTS ONLINE

Customers are buying products online at an extensive rate nowadays. This means that there are a large number of customers looking for exactly what YOU can supply them with.

Lots of people have proven that this is a great platform to sell products online. Put up a page and promote it. People pay you money. The product gets delivered to them, while you kick back as the money rolls in.

If Shopify is not your thing then you can always try your luck with eBay.

3 - MLM / NETWORK MARKETING

This is a great way to gain residual income. You can literally have your own franchise for less than $500. In some cases less. I was personally lucky enough to find a great Health & Wellness company that only has a $50 start up fee! The company ships the product directly to the customer, bills them and pays me. How amazing is that! How this works is you make money from selling a product and building a team of people to do the same. A number of highly reputable entrepreneurs such as Donald Trump, Robert Kiyosaki, Bill Gates and Richard Branson are big fans of Multi-Level Marketing and all say that if they had to start a business at this day and age they would choose Network Marketing. Some even have. Network Marketing is also great because it's more like a course in personal development. The person you end up becoming in the process is far more important than the income you can earn.

Make sure that it's a product and company that you can stand behind. That way it's not like selling at all it's simply sharing something that you believe will benefit others.

4 - RENTAL PROPERTY

Learn about the work involved. Being a landlord isn't as simple as just collecting rent checks every month. There's a lot of time, work, and money involved in maintaining the property and meeting the tenants' needs.

• It's best if you're a handy person with hands-on experience making repairs, doing yard work, and working on basic plumbing repairs/maintenance.
• If you can't perform work yourself, you'll have to pay someone else to do it. This can get very expensive, especially if it's an older property or a neglected building in disrepair.
• Remember that being a landlord can involve 24-hour problems. Just because you're ready to call it a night, it doesn't mean there aren't problems that need to be addressed at the property.
• Sometimes problems arise that need an urgent solution. If you can't be on call around the clock, you'll need to hire a building maintenance person who can be (which, again, will cost you more money).
• Recognize that dealing with tenants can be difficult at times. There's always a chance that some type of conflict will arise at some point, so make sure you can calmly defuse those situations if you're thinking about becoming a landlord.

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Online Bitcoin Trading: Discover The Keys To Earning A Formidable Income Trading Bitcoin

Step 1 - Do Your Research

Bitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers a twenty-first century alternative to brick and mortar banking. Exchanges are made via "e wallet software". The bitcoin has actually subverted the traditional banking system, while operating outside of government regulations.

Bitcoin uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system, is in high demand globally and offers several distinct advantages over other currencies such as the US dollar. For one, it can never be garnished or frozen by the bank(s) or a government agency.

Back in 2009, when the bitcoin was worth just ten cents per coin, you would have turned a thousand dollars into millions, if you waited just eight years. The number of bitcoins available to be purchased is limited to 21,000,000. At the time that this article was written, the total bitcoins in circulation was 16,275,288, which means that the percentage of total bitcoins "mined" was 77.5%. at that time. The current value of one bitcoin, at the time that this article was written, was $1,214.70 USD.

According to Bill Gates, "Bit coin is exciting and better than currency". Bitcoin is a de-centralized form of currency. There is no longer any need to have a "trusted, third-party" involved with any transactions. By taking the banks out of the equation, you are also eliminating the lion's share of each transaction fee. In addition, the amount of time required to move money from point A to point B, is reduced formidably.

The largest transaction to ever take place using bitcoin is one hundred and fifty million dollars. This transaction took place in seconds with minimal fee's. In order to transfer large sums of money using a "trusted third-party", it would take days and cost hundreds if not thousands of dollars. This explains why the banks are violently opposed to people buying, selling, trading, transferring and spending bitcoins.

Only.003% of the worlds (250,000) population is estimated to hold at least one bitcoin. And only 24% of the population know what it is.

Step 2 - Set Up Your E-Wallet

In order for you to transfer your bitcoin to a friend of family member, you and they must both have an e wallet. If you would like to use a bitcoin ATM, you will also need to have an e wallet, in order to withdraw any money from your account. And finally, to facilitate the transfer of your funds to and from a trading platform you will need to do it via an e wallet.

To set up an e wallet, there are a myriad of company's online that offer safe, secure, free and turn-key e-wallet solutions. A simple Google search will help you find the right wallet for you, depending upon what your needs are exactly. Many people get started using a "blockchain" account. This is free to set up and very secure. You have the option of setting up a three-tier login protocol, to further enhance the safety and security, in relation to your e wallet account.

Step 3 - Purchase Some Bitcoin

To buy any amount of bitcoin, you are required to deal with a digital currency broker. As with any currency broker, you will have to pay the broker a fee, when you purchase your bitcoin.

There are a myriad of bitcoin brokers online. A simple Google search will allow you to easily source out the best one for you. It is always a good idea to compare their rates prior to proceeding with a purchase. You should also confirm the rate of a bitcoin online, prior to making a purchase through a broker, as the rate does tend to fluctuate frequently.

Step 4 - Trade Your Bitcoin Online And Earn A Steady Passive Income

Finding a reputable bitcoin trading company that offers a high return on your investment is paramount to your online success. You must ensure that your chosen trading company is fully automated & integrated with blockchain, from receipt to payment.

To use conventional banking as an analogy, the blockchain is like a full history of banking transactions. Bitcoin transactions are entered chronologically in a blockchain just the way bank transactions are. Blocks, meanwhile, are like individual bank statements. In other words, blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as 'completed' blocks are added to it with a new set of recordings.

Your ROI should also be upwards of 2%+ per day because the trading company that you are lending your bitcoin to, is most likely earning upwards of 10%+ per day, on average. Your ROI must also be automatically transferred into your "e-wallet" at regular intervals, throughout your contract term. There are a few different reputable trading platforms out there. All of them offer distinct advantages and disadvantages. For an example, there are company's that will pay out as much as 10% per day with no contracts whatsoever. You can also find company's that will give you a 3.33% per day return on your bitcoin, on a sixty day contract. There 90 day contracts which pay out 2.2% per day, however, they offer commissions from referrals that join using your affiliate link. Personally, I believe it is best to spread the risk across all three of the aforementioned platforms.

With online bitcoin trading, it is not unheard of to double your digital currency within ninety days or less. That means that investors are consistently earning 2.2% per day, or more. One of the aforementioned platforms will double your bitcoin in ten days because they are paying out 10% per day with no contract. I always advise my clients to start out small. Never put all of your eggs into one basket. Once you have familiarized yourself with the first of three platforms, you should set up the second account, learn it and finally get your third account up and running. Most people start with earning 2.2%, then move up to 3.3% and finally to the 10% per day platform.

If you are required to conduct tedious activities such as logging into your account, sending e mails, clicking on links etc, you definitely need to keep searching for a suitable trading company that offers a set-it-and-forget-it type of platform, as they absolutely exist.

Bitcoin trading company's will automatically transfer your profit into your "e- wallet" as long as you provide them with your personal e wallet address. If you are on a 90 day contract, you will be paid out in 90 days. The 60 day contracts will pay you out in 60 days. And with the 10% per day platform, you are able to pull out your interest and principle any time, should you choose to exercise that option.

In order to withdraw money in your local currency, from your e wallet, you are required to locate a bitcoin ATm, which can often be found in local businesses within most major cities. Bitcoin ATM's can be located by doing a simple Google search.

Article Source: http://EzineArticles.com/9688257