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Indeed a new learning from this thread. I did a google search and youtube is one of the platforms included in residual income. This is a very good discussion especially for those who want and want to have residual income. This is a very positive thread you created, thank you very much for sharing.Residual income means you do something today so that it will continue to pay you for a long time. Residual income does not involve working every day to generate income, residual income means you earn money for a long time from your one-time work.
By posting on Bizdustry, you are earning good money. However, this is not a residual income. You have to post every day, frequently during the day, to earn from the site.
Your gig is hired by a client on Fiverr and you make money by offering your service. This is also not a residual income either.
What exactly is residual income then?
You create a youtube channel, publish good videos. The videos published today will continue to make money for you for 5, 10 years, or even longer. (provided your video is good and you get traffic)
You publish your blog, your blog will continue to make money for you for a long time (provided you are receiving search traffic).
Blogging and vlogging are just a few examples. You can try publishing books on Amazon, you will earn royalty for lifetime. You can also publish articles on the article sites that shares revenue with the publishers, for example, hubpages and medium. You can try crypto investment, etc.
If you want to do online business, consider doing a business that builds you residual income. Some of thee options you can try are, publishing apps on play/app store, building and selling software, etc.
If you want to make more money online you will have to build residual income because residual income will only provide you regular income without working too much, or not working at all. Youtube is one of the best platforms to build residual income but getting started on youtube is really had considering the requirement you have to follow for monetization.Indeed a new learning from this thread. I did a google search and youtube is one of the platforms included in residual income. This is a very good discussion especially for those who want and want to have residual income. This is a very positive thread you created, thank you very much for sharing
Affiliate marketing has not worked for me, I have tried a lot of affiliate networks including Amazon, Commission Junction, LinkSare, Shareasale, etc. I have not only promoted products through my website but also advertised on social sites. But the money spent on advertising and time spent on promotion did not really work. However, this does not mean it will not work for others.With affiliate marketing, through the advertising of a commodity, you receive a commission. The item you advertise online should be something that you know about and that you think is high quality.
As an associate, there are a few ways to get started. You can either create an affiliate relationship with a particular company directly or through a commission platform such as Commission Factory, RewareStyle, ShareASale.
Residual income is the income left after debt is gone and income becomes accumulating. It could be called leftover.
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