Residual income is money that you have left over after you have paid your bills. Your New Year's resolution should have been to try to look into ways that you can earn residual income online so that you can start saving up for your retirement. The best way to do this is to set aside your doubts, take a deep breath and plunge in. Not only will you find that earning a residual income is easy, if you do it right, it can even turn into passive income.
One of the mistakes that some people make when they start to earn a residual income online is that they don't turn it into something that will continue to make money for them for several years to come. They do a single job, they get paid, they spend the money, and that is it. If you are smart, you will try to set things up so that the projects you are doing today, will still be earning money for you two or three years into the future.
One of the best ways to earn a residual income online that keeps earning is by writing articles. However, instead of writing articles for individual clients and getting paid for it, you need to focus your attention on writing articles for websites where you will be paid a royalty every time someone either uses your article or reads it. You should also make sure that a byline and a link to your personal website is posted on the article so that you can be contacted by anyone who would like you to write similar articles.
You can't expect to earn a huge income right away, creating a lucrative residual income that will turn into a strong passive income is going to take time. For example, the first few months after you have posted your articles, the odds are that you are going to be making less than $20 during the first few months.
At this point you should continue to add to the number of articles you have posted on the websites and also start building your own website. You will be able to link your website to your articles, and also use it to post a blog. After building the site, you are going to want to look into things like Google's AdSense and paid blog posts, both of which will start to boost the amount of money you start to earn.
Earning residual income online is going to take some time, and a bit of effort, but when done correctly, the earnings can really start to add up. The trick is to never try to do more than you can handle, and always put out good quality work.
Stephanie Everette is a entrepreneur who loves helping people solve problems.
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