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Place AdSense advertisements on your website and get compensated depending on the number of clicks or views the advertisement receives.Having a popular blog makes selling an ebook or app a whole lot easier too. Youve already got a sizable group of individuals who are potential clients and will purchase your products.Pinch of Yum is a cooking website that's been CRUSHING it with residual income.Invest in Dividend StocksThis is a favorite of mine and Warren Buffett.If youve already got a job that you like, or are earning income another manner, 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 them, which I highly recommend.Investing in dividend stocks is a major part of building an income snowball.The more money youre willing to invest in dividend paying stocks, the bigger your snowball will get and the remaining income youll earn.Its a more beautiful cycle.Start an Online CourseThis one is like an ebook or blog.Youve got knowledge that other people are willing to cover for.Instead of teaching them face to face, or having them read a book, create an online course.There are a lot of platforms that make the process simple.Courseminded is an online courseabout creating an online course.Once the course is made, typically with bundled audio, movie, and a few 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 before making a purchase is incredible.Before the internet, if you wanted to buy a TV, the only person you can speak to using any knowledge was that the salesman.

Then earn residual income from affiliate tank sales or posting ads.TopTenReview is pretty generic, but should you niche it down, you can dominate a subject fairly easily.Build an eCommerce Store and DropshipDropshipping is the easiest way to market a physical product.Youll find a distributor that is willing to send the item from their store to your customer.This means you dont need to dictate inventory, possess a warehouse, useful content or storing anything.

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

Theyve already ordered from Amazon and dont have any problems with doing this again.Or, you can find excellent deals at local stores, buy a bunch of products and do exactly 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 find this via Amazon and created $3,000 per month.It requires a little more work than other businesses but the residual income is quite nice.

He even gets others to cover the development.In essence, youll speak to other business owners to come up with a major difficulty their having.If you find enough of these with the same issue and can think of an idea that could save them both time and money, youve got yourself a viable 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 of the equity in the property that you get back when you sell. Each of which has been paid for by renters.Not all of us gets enough money saved up to buy a rental home, though.Here is where RealtyShares comes in.You get the benefit of owning a rental home without having to come up with a massive sum 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 their explanation it, or merely making funny videos.The opportunities are endless as long as youre willing to place yourself in front of a camera.There is a little box which youll click on the dashboard which allows advertising on your videos and YouTube takes care of the rest.Looking for more ideas  take a look at the huge list article I pulled together with tons of suggestions on how to earn residual income.ConclusionWhether its inactive 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 that will grow quickly.

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