Residual Income Opportunity

There are two types of income: active income and passive income. Active income requires continued action on your part. Passive income requires you doing the work once and being paid again and again. Most of the ideas presented here are going to be passive in nature or very close to passive.

Some of the strategies we are going to cover may require working a couple of hours per week to ensure continued income generation. The ultimate goal is to generate the most amount of money with the least amount of effort.

A true residual income opportunity requires doing the work once and getting paid repeatedly. There may be a small amount of maintenance type work involved to keep things running smoothly but in most instances should not require more than a few hours of your time per week.

The internet is a great place to create residual income as it works for you 24/7/365.

Here are 10 online residual income opportunities:

1Digital Information Products - Digital info products are information products that can be delivered digitally such as e-books, podcasts, videos, etc. This is perhaps my favorite method as you do the work once and get paid over and over.

2MLM aka Network Marketing - Network marketing is really about the structure in which a company promotes its products. Network marketers promote products and/or services for companies in exchange for the possibility to earn
commissions. If you are able to build your business to a certain level, you can collect repeated income while working very minimal hours.

3Google AdSense - Google will pay you to place relevant text ads on your site. When your reader clicks on one of the ads, you earn money. You just need to develop a site that receives lots of traffic to make this method work.

4Membership Sites - Creating web sites with highly valuable information for which people are willing to pay.

5 Affiliate Marketing - Promoting the products of others for a commission.

6Google AdWords - Using paid search results to drive massive traffic to your product or an affiliate product.

7Blogging - Though not a residual income opportunity in the purest sense, blogging can still be an excellent source of income. Content doesn't have to be written by you and it can be scheduled to be posted at a future date. All that's left then is to monetize the blog with related affiliate offers and/or Google AdSense.

8Squidoo - Making Squidoo lenses such as this one, Use them to sell things such as Amazon books and products and receive a small commission. You can also use them to drive traffic to a site where you have an offer.

9eBay - Unless you've been under a rock, everyone know about the power of eBay and some people use the online auction format to sell items for a profit.

10Buying and Selling Websites - This is where you buy a website cheap, increase its value by increasing its traffic and later sell for a profit.

So now that you've got some ideas for residual income opportunities you can choose one that interests you and begin to build your foundation. All that's left is to drive traffic to your offer and you're in business!