A lot of people confuse residual income with extra income. Extra income is anything you do to earn money that is not a part of your regular income. Residual income is the income that comes from the work you did in the past or from the work that does not require you to work every day.
Did you know your blog can become a great source of residual income as well as extra income?
Let me assume that you have a blog. Now, what next? You will have to work on traffic and monetization
Traffic and Monetization
Whether you want to build residual income or earn extra income, you will have to first build traffic and then monetize your site with ad networks and affiliate networks. Having ads on your site does not guarantee income, you need to work on traffic.
Building Residual Income
If you have traffic on your site, Ads like Adsense and Amazon will build residual income over time.
Building Extra Income
Ads on your site will build residual income but you can also earn extra by offering services and products through your site. It's your site and you can sell anything from your site, the best part is you do not have to pay commission.