No matter how much money you make now, there is always an opportunity to earn more. The Internet is full of all kinds of great residual income opportunities that can boost your annual income and give you the money you need to make a difference in your life.
All you need is a little ambition and know where to look for these opportunities. With that said, let’s explore some of the most common and popular residual income ideas to supplement your income.
Online income ideas for you
Whether or not you can use each of these residual income opportunities depends on your skill set, time available, and other factors. Read on to find out which ideas might be best for you.
And keep an open mind. You may want to think about ideas you’ve never thought of before, too. Fortunately, there are many resources where you can learn new ways to earn residual income.
Here are some ideas and resources.
1. Freelance writing for blogs and websites
There are a lot of websites and blogs out there looking for people who can produce great content for them. If you have a knack for writing, you might want to try writing for websites.
Why do these sites need more content? Because the more articles there are on a website, the more likely it is to rank for more keywords. A higher ranking means more visitors, which can in turn lead to more readers purchasing their products and services!
If you love writing, consider making a list of topics you know a lot about. Then start looking for work. You can reach out to the managers of the blogs you read often, or advertise your services on a site like Fiver.
You can post your CV on sites like the job or With conviction also.
When you start your writing career, be prepared to accept lower fees or even work for free. But as you start to gain experience and become more in demand, you can work your way to higher paying jobs.
When I started freelance writing, I was making about five cents per word. Today I make several times more than that. If you’re a good writer, the money will come.
Your goal in the beginning is to get your name out there and get your work published.
2. Publishing e-books
Another idea to make some residual income is to publish some e-books. Now, you will need to get some information worth reading in order to do this.
E-books are a great way to earn some regular residual income which is also passive income.
That’s because you only write content once, publish it, and then make it available to an unlimited number of customers on Amazon, iTunes, and dozens of other platforms for the rest of eternity!
I’ve seen a number of bloggers who claim to make five and six figure incomes just from selling eBooks on a regular cash basis at $0.99 to $2.99 each.
Even though that’s a lot of downloads, I think it speaks volumes about how valuable the information they’re selling is!
Using resources like Microsoft Word or Google Documents, writing an eBook isn’t as difficult as it seems. You can start writing your manuscript now and have it professionally edited and formatted for Kindle in no time.
Also keep in mind that you don’t have to write several hundred pages to publish your material. At low prices, it has become quite acceptable to get books that are no more than 25, 50, or even 100 pages long.
3. Blogging
Blogging is very powerful Opportunity to earn income Because, as with the other things we mentioned, all you have to do is write your content once so people can find it for years to come.
When this happens, you can generate revenue from people who click on ads or buy the products you promote.
To become a blogger, you don’t need to invest a lot of money to get started. I started websites with as little as $24, then spent only a small amount of money to write the first 10 or so articles.
Once you start seeing some profits, you can then reinvest it back into a website that hires freelance writers to help grow the number of articles.
Plus, if you’re looking for a great resource on all things blogging, we have over 7,500 great “how to blog” tutorials for you to check out.
4. Affiliate marketing
To add to the idea of blogging, you can also build a healthy income stream by mastering affiliate marketing as well.
This is the type of advertising that pays you money every time someone makes a purchase from your website’s ads.
They don’t pay every time someone clicks; Only when someone makes a purchase. But the trade-off is that the amount of money you get can be much higher than with a pay-per-click advertising option.
It all depends on the product you are advertising. High priced items will sometimes run you hundreds of dollars when someone decides to purchase them through your website.
Visit places like Clickbank to find products and services you can easily promote as an affiliate advertiser.
5. Sell supplies, crafts, or trends
Another great way to generate residual income is to look for opportunities to sell supplies, crafts, or trends.
The way it works is you create an item to sell, then sell it on a site like Etsy or eBay. If you are good at making a certain type of craft, you can make and sell it.
Ideas include downloadable or custom artwork, custom jewelry, baby items, etc. Or you can buy supplies in bulk and sell them at retail prices to people who make crafts.
For example, you can sell jewelry making supplies, thread, scrapbooking supplies, etc.
This post on How to Start an Etsy Shop is a great tutorial to learn more.
Another option is to sell trends for something on eBay. For example, I just paid $10 for a set of directions and a list of supplies needed to build a hayloft for my farm.
I will save money by building it myself, and it will be much easier to build it DIY style with directions and a supply list. The plan creator will receive a commission from my purchase.
If you know how to build something, you can make plans to sell online. Plans may be for a shed or other home and garden products.
Or you can sell plans and a supply list (and even supplies) for a craft project for kids or adults.
You will receive a commission when that customer makes a purchase. This is a one-time payment, but if a customer wants to restock your list or share it with others, you can earn more.
The more ads you make, the more customers you can reach.
6. Retail arbitration
Retail arbitrage is when you buy something at a low price and then sell it at a higher price. So, you can buy items from places like:
- Wholesaler company
- Garage and estate sales
- Online sites like Craigslist
It then turns around and resells it at a higher price. The goal is to find items to resell that have a great price and are a popular item that people would love to buy.
You can resell them on sites like eBay, or you can open a personal Amazon store and sell on Amazon.
My stepdad does it on golf clubs and gets a tidy little income every year.
7. Photography gallery
Another way to make some income online is to sell your stock photos that were taken in person. Sites like iStockphoto Sell stock photos to businesses and bloggers who need them for their sites.
Every time someone buys the rights to use an image, the photographer gets a small commission. The better your photos are, the more likely people will buy them.
Note that the most common types of stock photos are those that depict people in natural settings, such as:
- Playing outside
- At a doctor’s office or other popular place
- Have dinner with friends or family
- Reading to children
- Hanging out with friends or family at a popular destination
Every photography website has parameters that their images need to fit. Read the site’s photo guidelines and submit your photos for approval.
Once you are approved, you can start earning cash.
More great residual income opportunities:
These are not the only things you can do online to make more money. We’ve got a huge list of ideas on more residual income opportunities you can try online to start earning extra cash today.
And feel free to try more than one! As mentioned before, having multiple sources of income is a powerful tool for reaching your financial goals. Check them out today!
Who knows: You could find the perfect residual income opportunities to earn enough cash to replace your job income.
Image courtesy of FreeDigitalPhotos.net
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