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

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

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

If you set up 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 sales process. Each 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 novel 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 published, it continues generating income for many years to come. .

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Ebooks, that can be printed through sites like Amazon Kindle Direct Publishing, are an increasingly popular option. As these publications are self-published, the approach is faster, allowing you to develop residual income quicker than the traditional publishing route. Whether a romance novel or a how-to publication on fly fishing, you can produce a book and have it available for sale 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 supplied, the blogger earns a percentage of their revenue. The same goes for social networking influencers. If someone boosts a product on Instagram and their followers purchase it via their link, the Instagrammer will receive a portion of this revenue. .

Affiliate marketing can also involve placing ads on your website or blog. Based on the number of clicks and buys, the blogger receives a kickback from the merchant. The bigger your e mail list or website following, the greater the opportunity for affiliate income.

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Whether you know how to flawlessly apply eye makeup or construct a wooden shelving unit, you can produce an online class or video for others to follow. Websites like Udemy and Teachable permit you to build a program, such as how to learn a new language or compose a cover letter.

Youll get residual income from every person who signs up to choose 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 products, such as animal clipart or even a downloadable wedding poem which could be printed by the customer. Your design could my latest blog post be resold thousands of times without needing to create each product or ship it. Once you create your digital goods and set it on a site like Etsy or even Ebay, the revenue flows in with very little oversight. .

Creating a following, whether its on social media, a blog, or YouTube, is a rapidly growing way to earn residual income online. With a YouTube channel, for example, advertisements can generate a few bucks for every one thousand views.

Successful YouTubers choose a motif for their channelranging from funny commentary to gardening. As you acquire readers to a channel, your number of views becomes consistent, which in turn grows your residual income. While youll need to generate regular movies to maintain your following, a couple of 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 to the next best program, you can hire the appropriate designers and coders. Or, obviously, if you already know how to code, then you do it for cheaper.