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Place AdSense advertisements on your website and get compensated based on the number of views or clicks the advertisement receives.Having a favorite site creates selling an ebook or program a lot simpler too. Youve already got a large group of individuals that are potential customers and will purchase your products.Pinch of Yum is a cooking website that has been CRUSHING it by residual income.Invest in Dividend StocksThis is a favorite of mine and Warren Buffett.If youve already got a job that you prefer, or are earning income another way, you can invest in dividend stocks to earn residual income.Certain stocks will pay out money, or dividends, on a monthly or quarterly basis.

You can spend the money or turn around and reinvest themwhich I highly recommend.Investing in dividend stocks is an important part of building an income snowball.The more money youre able to invest in dividend paying stocks, the larger your snowball will get and the more residual income youll earn.Its a beautiful cycle.Start an Online CourseThis one is like an ebook or blog.Youve got knowledge that other people are willing to pay for.Instead of teaching them face to face, or having them read a book, create an online course.There are a lot of platforms which make the process simple.Courseminded is an online courseabout creating an online course.Once the course is created, typically with bundled sound, movie, and some written information, you place it online and earn residual income from each sale.Create a Review SiteBecause of the internet, the research people put in prior to making a purchase is incredible.Before the internet, in the event that you wanted to purchase a TV, the only person you could talk to using any knowledge was that the salesman.

Then earn residual income from affiliate tank earnings or even posting ads.TopTenReview is pretty generic, go now but should you niche it down, you could dominate a topic fairly easily.Build an eCommerce Store and DropshipDropshipping is the simplest way to sell a physical product.Youll find a distributor that's willing to send the product from their store to your customer.This means that you dont need to dictate inventory, have a warehouse, or storing anything.

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Theyll house them in one of the warehouses and take care of the rest when your merchandise is purchased.If you want to carry inventory, you can purchase products in bulk from a distributor. Then send the products to Amazon and put up your storefront on their site.The bonus of having your store on Amazon is that there's a built-in user base.Millions of individuals are already searching and shopping.

Theyve already ordered from Amazon and dont have any issues with doing it again.Or, you can find excellent deals at local stores, buy a bunch of merchandise and do the exact same thing.Travis Scott of StuffParentsLike used a toy store liquidation to purchase a bunch of product. He turned around and sold them through Amazon and created $3,000 a month.It requires a little more work than other businesses but the residual income is quite nice.

He even gets others to pay for the development.In essence, youll speak to other business owners to figure out a significant problem their having.If you find enough of these with exactly the same issue and can come up with an idea that would save them both time and money, youve got yourself a workable product.You can even get those business owners to make an early purchase at a discount.

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Then this becomes an excellent choice to earn passive residual income.Plus, youve got all the equity in the house which you return when you sell. Each of which has been paid for by renters.Not all of us has enough money saved up to purchase a rental property, though.Here is where RealtyShares comes in.You have the benefit of owning a rental home without having to think of a large amount of money for a down payment.

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Search a subject and youre bound to find someone who's reviewing a product, talking about it, or merely making funny videos.The opportunities are endless as long as youre willing to put yourself in front of a camera.There is a tiny box which youll click on the dashboard that allows advertising on your videos and YouTube deals with these rest.Looking for more ideas  Check out the massive list article I pulled with tons of ideas on how to earn residual income.ConclusionWhether its passive residual income or plain residual income, the benefits are massive.If you accept that residual income and invest it, you've began an income snowball which will grow fast.

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