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Youll be able to work with real estate developers, have a voice in the process, and have to select from a range of projects. Review the terms, conditions, and rates of each and every site before determining which is the right platform for you.

When done correctly, investing can be a great way to generate residual income. There are many different forms of investments you can pick from to earn income whether you opt to buy high dividend stocks, attempt peer to peer lending, or choose to invest in property. No matter what you choose to do, make sure you do your research first and speak to a tax advisor to ensure you understand your specific situation and what option is best for you. .

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Selling products online requires significantly lower overhead costs than a physical store location (think: no employees, rent or utilities to pay). Once you develop your goods, you can sell it through your own web store or an online platform like Amazon or even Shopify.

If you prepare the product to ship directly to the client from the manufacturer, you wont need to get involved in the day-to-day operations of the revenue process. Every time an item is sold, your income flows in.

Are you an expert in a niche subject Have a knack for the written word Share your knowledge and writing talent by publishing a book or eBook. Most publishing contracts include royalties, meaning you earn a certain amount per book sold. In other words, once the publication is written and printed, it continues generating income for years to come. .

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Ebooks, which can be printed through websites like Amazon Kindle Direct Publishing, are an increasingly common option. As these books are self-published, the process is quicker, allowing you to build residual income quicker than the traditional publishing route. Whether a romance novel or a how-to book on fly fishing, you can produce a book and have it available for purchase in a matter of weeks. .

Many bloggers and social networking influencers build significant residual income through affiliate partnerships. If a blogger promotes or mentions a product on their site, and readers purchase the product through the link provided, the blogger earns a percentage of the revenue. The same holds for social media influencers. If someone boosts a product on Instagram and their followers purchase it via their link, the Instagrammer would get a portion of that revenue. .

Affiliate marketing can also involve placing advertisements on your site or blog. Dependent on the number of clicks and buys, the blogger receives a kickback in the retailer. The larger your e mail list or website following, the larger the opportunity for affiliate income.

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Whether you know how to perfectly use eye makeup or construct a wooden shelving unit, you can produce an online class or video to others to follow. Websites like Udemy and Teachable permit you to construct a course, such as the way to learn a new language or compose a cover letter.

Youll get residual income from every person who signs up to take your course. .

Listing your handcrafted items online is one way to set up additional revenue. Creating each piece and shipping it, however, is often labor-intensive. For true residual income, build a design or product that doesnt require much involvement.

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For example, you can design digital goods, such as animal clipart or a downloadable wedding poem that could be printed by the consumer. Your design may be spent tens of thousands of times without needing to create each item or ship it. Once you create your digital goods and set it on a website like Etsy or even Ebay, the revenue flows redirected here in with very little oversight. .

Creating a following, whether its on social media, a blog, or YouTube, is a fast growing way to make residual income online. Having a YouTube channel, for example, advertisements can generate a few dollars for every one thousand views.

Successful YouTubers choose a motif for their channelranging from funny commentary to gardening. As you get readers to your channel, your number of perspectives becomes more consistent, which in turn grows your residual income. While youll need to produce regular videos to maintain your following, a couple hours of filming and editing pales in comparison to the revenue you can generate with minimum effort. .

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You dont necessarily need coding skills to build an app. Thats rightif you have a vision for your next best app, you can hire the appropriate designers and coders. Or, of course, if you already know how to code, then you do it for more affordable.