No matter how much money you earn now, there is always an opportunity to earn a little more. The internet is full of all kinds of residual income opportunities that can really increase your annual income and give you the money you need to improve your life.
All you need is a little ambition and knowing where to look for these opportunities. Let's examine some of the most current and popular ideas for remaining income to increase your income.
Online income ideas for you
Whether you can use any of these remaining income opportunities or not depends on your skills, the time available, and other factors. Read on to find out which ideas are best for you.
And be open. You may also want to consider ideas that you have never thought of. Fortunately, there are many resources you can use to learn new ways to make a living.
Here are some ideas and resources.
1. Freelance writing for blogs and websites
There are many websites and blogs looking for people who can produce great content for them. If you have a gift for writing, you may want to try writing for websites.
Why do these websites need more content? Because the more articles a website contains, the more likely they are to rank for more keywords. Higher placements mean more visitors, which in turn can lead to more readers buying their products and services!
If you enjoy writing, make a list of topics you know a lot about. Then start looking for work. You can contact managers of blogs that you read frequently or advertise your services on a website like Fiverr.
You can also put your resume on websites like Upwork or Contently.
At the beginning of your writing career, be prepared to accept lower fees or even work for free. But if you start to gain experience and become more in demand, you can move on to the higher paying jobs.
When I started writing freelance, I made about five cents a word. Today I do more than that several times. If you are a good writer, the money will come.
Your goal at the beginning is to make your name known and to publish your work.
2. Publish ebooks
Another idea for earning a residual income is to publish some e-books. Now you need some information worth reading to try this.
eBooks are a great way to get a regular residual income that is also a residual income.
This is because you write, publish, and then deliver the content 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 claim to generate five- and six-figure earnings when they regularly sell eBooks for $ 0.99 to $ 2.99 each.
Even if there are a lot of downloads, it speaks volumes about how valuable the information they sell must be!
With resources like Microsoft Word or Google Documents, writing an eBook is not as difficult as it sounds. You can now start writing your manuscript and have it professionally edited and formatted for Kindle in no time.
Also keep in mind that you don't have to write hundreds of pages to publish your material. With the lower prices, it has become very acceptable to have books with only 25, 50 or even 100 pages.
Blogging is a very powerful way to earn income because, like the other things listed, you only have to write your content once so people can find it in the coming years.
In this case, you can earn money when people click on the ads or buy products that you advertise.
To become a blogger, you don't have to invest a lot of money to get started. I started websites for only $ 24 and then spent only a handful of money writing the first 10 articles.
Once you start seeing earnings, you can reinvest them in the website and hire freelance writers to increase the number of articles.
If you're looking for a great blogging resource, there is a fantastic blogging tutorial at +7,500 to watch.
4. Affiliate marketing
To further expand the idea of blogging, you can also build a healthy flow of income by being well versed in affiliate marketing.
This is the type of advertising that you pay for every time someone makes a purchase through the website's ads.
You don't pay every time someone clicks; only if someone makes a purchase. The downside, however, is that the amount of money you get can be much higher than a pay per click advertising opportunity.
It all depends on the product you place on the ad. The more expensive items sometimes pay you hundreds of dollars if someone chooses to buy them through your website.
Check out places like Clickbank to find products and services that you as an affiliate advertiser can easily promote.
5. Sell supplies, crafts, or instructions
Another great way to get some residual income is to look for opportunities to sell supplies, handicrafts, or directions.
The way this works is that you create an item for sale and then sell it on a website 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 art, custom jewelry, baby items, etc. Or you can buy wholesale supplies and sell them at retail prices for people who make handicrafts.
For example, you could sell jewelry supplies, yarn, scrapbooking supplies, etc.
This post on starting an Etsy shop is a great tutorial to help you learn more.
Another option would be to sell directions to something on eBay. For example, I only paid $ 10 to get a set of instructions and a supply list for building a haystack for my farm.
I save money by building it myself, and DIY-style building becomes much easier with instructions and an offer list. And the creator of the plans receives a commission from my purchase.
If you know how to build something, you can make plans for selling online. The plans could be for a shed or other home and garden product.
Or you can sell plans and a delivery list (and even the supplies) for a craft project for children or adults.
You get a commission when that customer makes a purchase. This is a one-time payment, but if the customer wants to populate your listing or share it with others, you can earn more.
The more advertising you do, the more customers you can reach.
6. Retail arbitrage
Retail arbitrage is when you buy something at a low price and then sell it at a higher price. So you buy items in places like:
- A wholesaler
- Garage and real estate sales
- Online sites like Craigslist
And then turn around and resell them at a higher price. The goal is to find items that are both affordable and popular and that people like to buy.
You can resell them on websites like eBay or open a personal Amazon shop and sell them on Amazon.
My stepfather does it with golf clubs and makes a decent little income every year.
7th stock photography
Another way to make money online is to sell the photos you personally take. Websites like iStockphoto sell photos to companies and bloggers that they need for their websites.
Every time someone acquires the right to use a photo, the photographer receives a small commission. The better your photos are, the more likely people will buy them.
Note that the most popular types of photos are those that depict people in natural environments, such as
- Play outside
- In a doctor's office or other popular location
- Dinner with friends or family
- Read aloud to children
- Hang out with friends or family in a popular location
Every stock photography website has parameters that its photos must match. Read a website's photo guidelines and send your photos for approval.
Once approved, you can start making money.
Other great options for remaining income:
These are not the only things you can do online to make more money. We have a huge list of ideas with more remaining income opportunities that you can try over the internet to make more money today.
And just try more than one! As mentioned earlier, multiple sources of income are an effective tool to help you achieve your financial goals. Check them out today!
Who knows, you could find the perfect ways for you to have some remaining income to make enough money to replace your job's income.
Image courtesy of FreeDigitalPhotos.net