Do you utilize residual income streams to add a little extra to your accounts each month?
Today we are going to continue our exploration of 7 residual income options – of you missed yesterdays post, you can check it out here.
To refresh your memory – yesterday we covered eHow, affiliate marketing, and membership sites. Let’s continue on…
4. eBook
Writing an eBook is a great way to not only earn residual income but establish yourself as an expert in a topic. eBooks require almost no overhead costs (only your time), and can earn anywhere from $5 to $80 a piece. The more knowledge, pages, and expertise you include in the text the higher you can price it. Just a few eBook sales a month can bring in enough to pay the electric bill – The Life Uncommon eBook drops enough into my Paypal each month to cover several bills.
5. E-mail Seminars
E-mail seminars are another interesting way to earn some residual income. Readers to your blog can sign-up for a “seminar” course online where they get one email a week (or one email a day, depending on your outline) that provides exclusive and worthwhile content. This works really well if you are considered an expert in a specific field. Email courses can be priced anywhere from $9 to $100+ and work to not only earn money but further your reputation in your field.
6. PPC Ads
Residual income from PPC ads is the result of a strategic combination of traffic and keywords. In order to be really successful with this form of residual income, you need to spend some time educating yourself on keyword optimization for your website as well as building up traffic. Furthermore, it requires patience for trial and error regarding ad placement, frequency, size, etc. Many people report earning thousands a month with their PPC ads, and it is free to set up.
7. Private Ad Sales
If your website receives decent traffic and your site design allows for it, you can earn some residual income each month through private ad sales. These require arguable the most upfront effort of the 7 residual income streams we have examined because you need to beat the pavement finding advertisers, negotiating prices, and compiling data that shows you are worth the investment. However, once all this is done you can earn a pretty penny each month from people advertising on your site since you don’t need to share the ad revenue with another service like Google Adsense.
Which of these seven residual income streams do you utilize? How successful have you been with them? Do you have any tips for optimizing their success?
Here’s to your Uncommon Life,
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