What is Residual Income?
"Residual income" is income which one continues to receive in repeated payments, after an initial sale, referral, or other action has been taken.
By setting up multiple streams of residual income (particularly online) one can eventually build up a considerable financial inflow. There are numerous ways to build up residual income online, and all one really needs is a computer, an internet connection, a bank account, and some persistence and willingness to research, learn, and apply.
Contents at a Glance
Residual Income Streams
Information and Advice
The following are the latests posts on my own blog, Residual Streams of Income, where you can find information on what residual income is and how to develop it; as well as tools, resources, and information that will help you build it up.
Fetching RSS feed... please stand by"Please read my motto.
It's important."
My Motto
- I have personally tried and used them
- I can honestly recommend them
- I believe they can help you to make more money
and
- I actually like them
Getting Started
Building Up a Residual Income Online
- They get confused
- They get dispersed
- They invest too much money on the wrong things
- They follow random advice of random advertisers
who promise to make them rich but just want to sell them something
- They let their email inbox accumulate dozens of
email newsletters on how to make money online, which they never read.
- They look for ways to get rich fast without
working.
It is, however, true that one can invest some time and intelligence into creating an army of websites which will eventually produce large quantities of money on a regular basis, with little work involved.
But to build this up, you have to be willing to research, learn, practice, invest time and energy, and please ... have fun while you're doing it.
One day you might wind up with twenty strong websites that earn hundreds of dollars a day each. Or more.
And yes, anyone with a brain can do this. You don't have to have tons of money to start. You can be a teenager in the mountains of the Hindu Kush or a mom in Los Angeles. You will need a computer, Internet access, and probably a bank account to receive money into.
Investing a small amount of money to get started will give you far higher chances of success but is not 100% necessary. I would not recommend starting without investing in the following bare-bones basics:
A web hosting account. My recommendation (after trying four different webhosts!) is Hostgator. Another good option is Blue Host.
Use Wordpress.org (not Wordpress.com) to create a blog or website. (Be sure to use a webhost that has the Fantastic feature so you can install Wordpress easily. Hostgator and Blue Host do have this feature enabled).
Why Wordpress? There are too many reasons to list here. But Wordpress has a multitude of features which you can use to get traffic and create a high-quality site, which you can't find anywhere else. This is not necessarily true for free Wordpress.com blogs. I am referring to self-hosted Wordpress.org blogs and websites.
Wordpress for Dummies will give you all the basic information and how-to steps to create your first Wordpress blog.
If you do want to build a static Website (most likely in addition to a Wordpress Blog) get a good website builder.
The best inexpensive website builder I have found, in two years of research, is Coffee Cup. If you can afford it though, skip it, and get Dreamweaver Creative Suite 3. You will hug yourself for it later on. Just get a good, simple manual to start out with, such as Adobe Dreamweaver for Dummies.
But if you are just starting out, I recommend you start with a simple Wordpress blog or website. You'll thank yourself later.
E-Books on How to Make Money Online
You absolutely need to have a good E-Book from an experienced entrepreneur, which will get you started in the right direction. You might pay for it, but in my opnion that is far better than spending a year going around in circles wasting time and money and ending up nowhere. These are the Ebooks I recommend:
Honest Riches by Holly Mann (to teach beginners how to make money online; sanely and ethically).
The Master Plan by Charles Heflin (for intermediate study after the basics are known. This is for people who want to get out of making a few hundred dollars per month or year, and into making thousands or millions. It is not that complicated but it requires that you use your brain slightly and are willing to do some work).
If you already know the basics of how to make money online, you might not need Honest Riches. But you do need The Master Plan by Charles Heflin, if you are serious about this.
Note: There are a lot of bad E-Books on the market on this subject. And unscrupulous "gurus" who make money off of pretending that they will help others make money, when they are really actually a pretense. I found this not to be the case with the above two E-Books.
Warnings about Making Money Online | Do's and Don'ts:
If you want to get somewhere, here are some things to avoid:
- Avoid spending large amounts of money on random
programs instead of following a set plan of action
- Avoid anyone who promotes dishonest methods of making money online. Not just for moral reasons but because you will go nowhere. Anyone who prides themselves on fooling others, on being a "rich jerk," on getting money for no work, on receiving but giving little in return, etc, should be entirely disregarded.
- Avoid being so afraid to spend a cent that you don't get anywhere
- Avoid signing up for millions of email lists and subscription, to the point where you read none of them - even the good ones.
- Avoid anyone who says that you can get rich fast without work.
- Avoid anyone who promises to make you rich fast without work as long as you pay _____
- Avoid confusing people.
- Study and learn Internet Marketing, How to Make
Money Online, Affiliate Marketing, Work at Home Strategies
- Create Websites based on your passions, properly researched before being launched (the data on how is covered in Honest Riches and The Master Plan).
- Persist. Don't Give Up.
- Work hard.
- Have fun with what you are doing, even if you
don't make money to begin with.
- Follow a step by step plan.
I will publish further information in the future, remember you can subscribe for email updates of by blog.
Video by Holly Mann
Bold 3 Yr Old World Traveler Josh Mann
curated content from YouTube
Pay Per Play
Have you heard of Pay Per Play?
You set up very short audio ads to play on your websites and blogs. Each time a visitor hears an ad, you get paid a commission.
If you sign up before the referral program closes, you can be eligible to sign others up for Pay Per Play and to thus earn recurring lifetime commissions on ads played on their sites as well.
For more information or to sign up (it is fast and it is free) I suggest you visit the Pay Per Play website.
Free Products and Services
Which Will Assist You to Build Up a Residual Income Online (More Coming Soon)
- Comment Kahuna
- HyperVRE Free Website Building Software (there is a paid version and a free version)
- You Can Find Free (and not free) Keyword Research Tools Here
Paid Products and Services
Which Will Assist You to Build up a Residual Income Online
Website Building-Software
- Coffee Cup Easy Website Builder
- Dreamweaver Creative Suite 3. Design, develop, and maintain standard-based websites.
- StoreStacker
Webhosting - Recommended Hosts:
How-To Books
Software and Services for Keyword Research and SEO
- Keyword Elite
- SEO Elite
- Traffic Kahuna (I am a member and do recommend this service once you are earning enough per month to cover the cost of membership.)
Making Money Online: Poll
The Best E-Books
How to Create an Online Residual Income
From my viewpoint these are the "must-haves" and the basics. From there, you can take things further and learn and apply as you go. But if you are starting out or trying to get your feet stable on a forward path, this is what I recommend:
- Honest Riches by Holly Mann (For Beginners and maybe some Intermediate Marketers)
- The world famous "Honest Riches" by Holly Beth Mann. Holly is well known and loved for her sincere desire to help others and her simple but powerful E-Book which will teach you all of the basics you need to know to get started making money online. Even if you are a total beginner and know nothing. Holly is a beautiful American girl living in Thailand and is a single mother working from home.
- The Master Plan by Charles Heflin (Intermediate and Advanced)
- This E-Book is for those who want to honestly make it and build up a lasting residual income online. No fly-by-night get-rich-quick schemes, no attempts to fool the search engines so as to get rich today and lose it all tomorrow. No dishonesty, no tricks or shortcuts. Real, scientific, and proven advice on how to build your online empire of valuable content which will help your public and will flow a continuous stream of income into your bank account.
Free E-Books
- SEO Made Easy
- Brad Callen gives the important basics of SEO in this simple and detailed free E-Book.
- Adwords Made Easy by Brad Callen
- Learn how to use Google advertising successfully to generate income.
- The Authority Black Book
- The infamous book on how to get loads of traffic to your sites through social networking.
- Internet Marketing Sins
- One of the best E-books ever published about Internet Marketing! Five stars to Silvie Fortin!
- The Adsense Advantage
- Learn how to create income-generating websites using the Google Adsense program.
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A Video from Normal Joe
IM With Joe Dot Com Gives His Views on the Bling Blang Blogger
Residual Income Information | Links
Useful Sources of Information on Making Money Online and Building up a Residual Income
- What is Residual Income?
- What residual income is, with examples of how it can be created by just about anyone. Information, reviews, tools, and tips on making money online.
- Resources in Making Money Online
- Information which will help you make money online. Access to paid and free tools, E-Books, software, webstat programs, webtools, etc. It can save you a lot of time, money, and research headache.
- Get Paid for Every Visitor to Your Website, Blog, Etc
- Free to sign up, takes around a minute. Then place a small bit of code on your website or blog. When a person visits a page of your site, a short 5-second audio ad plays, and you get paid for each ad play. This is called "Pay Per Play." (Note: they are in beta now but I expect it to get big. You should sign up now before the referral program is closed.)
New Guestbook
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Reply
- Applyit Applyit Jun 26, 2008 @ 10:02 pm
- Great Lens... Lots of Great info! A defiant 5*er! And if you like learning Secrets & Making Money on the internet come checkout this Free Affiliate Marketing Power Course!
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Reply
- Bill_Chechel Bill_Chechel Jun 26, 2008 @ 7:55 pm
- Thanks for the great info and resources. Nice lens. I am glad to see you only promote things that have worked for you. A rarity online today. 5 stars.
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Reply
- Starving_Artist Starving_Artist Jun 26, 2008 @ 2:54 am
- great information, thank you
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Reply
- anthony101 anthony101 Jun 25, 2008 @ 5:56 pm
- very informative and useful information regarding residual income. Thanks.
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Reply
- AnnaVeraWilliams AnnaVeraWilliams Jun 23, 2008 @ 12:43 pm
- By the way - I DON'T promote or recommend products or services on this lens unless I:
Have personally tried and used them
Like them
Can honestly recommend them
and
I feel that they can really help you build up an income online
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Reply
- build-muscle build-muscle Jun 23, 2008 @ 8:22 am
- Great lens Anna. Also checked out your blog... you're really on to a good, honest site about creating income online. Well done!
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Reply
- chang chang Jun 22, 2008 @ 12:49 pm
- Excellent Lens, with lots of good resources. I guess the poll is new since I am the only one to vote to date. I will check back as I am interested in seeing how much others are making online.
Chang
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Reply
- loseweightfat loseweightfat Jun 22, 2008 @ 11:45 am
- Thanks for the resources. Nice lens full of good info.
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Reply
- Mobile_Phone_Lover Mobile_Phone_Lover Jun 22, 2008 @ 11:32 am
- Hi AnnaVeraWilliams,
You share some good resources here, I will be taking a long hard look at them tonight.I feel one very important area to concentrate on is how to get backlinkspointing to your website so people can find you.
Very interesting and infomative lens!
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Reply
- Music-Resource Music-Resource Jun 18, 2008 @ 9:01 pm
- Hi Anna, Nice Residual Income Lens. ~Music Resource~
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