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Building Residual Income
What is a residual income?
Residual income is a type of income thatís lasting. It means you donít have to work all your life to earn money, with little effort; you can sit in the comfort of your own home and earn money.
The internet is one of the fastest growing markets for different kinds of businesses. Imagine you can target customers from almost anywhere in the world. There are also a lot of payment options online. No matter what country you are from there is always an opportunity for you.
Here are some ideas you can do to generate a good paying site.
1. Create ebooks. You can get more profits if you publish it yourself. However there are certain advantages if you let publishers market your book. Publishers know a lot of sites where they can place it because they have more experience. Ebooks are easy to download, you only have to create one and anyone can download it even when youíre not there as long as they pay for it or as long as theyíre subscribed. Of course there are certain rules that you have to follow like getting a ISBN number for your book.
2. Create downloadable learning tools like CD. If you are an expert on something and you would like to use your expertise to educate people then creating downloadable tools is just perfect for you. You can make a class wherein people learn through listening to your voice and you can charge them to pay for it. If customers like you, they will just keep coming back.
3. Create a blog that is supported by paid advertisements. Write anything that interests you. You can also link your blogs to other programs that offers site traffic. An example is the google adsense. It is very easy to set-up an account. It is available worldwide. They pay for every click on your blogsí ads. Payments vary according to the type of advertisements that shows on your ads. However there are certain keywords that can attract advertisers to bid for a place in your blog. Just always bear in mind that, do not click your own ads because it is a violation. If they learn about it the adsense team will automatically terminate your account.
4. Participate in affiliate programs. Create a site that will help you campaign for your affiliates.You can visit different affiliate links and some of them donít require membership fees.
5. Make an online magazine. You can get people to subscribe, participate in the forums and submit articles for you. You can publish it monthly, quarterly, whichever you like.