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How To Earn Residual Income
You may be asking yourself, what is residual income? You may even think that it’s impossible to sleep and grow rich, right?
Here is a simple definition: Income that you continually earn even after the work is completed.
In other words, you do the work once, and the money keeps on depositing into your account month after month. Sounds too good to be true right? Well, it isn’t too good to be true because it actual exists. SAY WHAT!!!
Here are some ways to make residual income
Real Estate Investing:
- Owning rental properties and collecting rents from tenants
- Renting out a room in your home
- Mortgage Note Investing
Stock Marketing Investing
- Investing in ETFs or Stocks
- Affiliate Marketing
- Write a Book and sell online
- Build an online Course
- Selling products or services
- Starting a YouTube Channel
- Creating an App
These are just a few ways to earn passive income. But with anything, it takes time, hard work and dedication to accomplish greatness, just remember that.
I have made residual income, from a couple of these methods listed above, but one of the best ways that I would recommend is Affiliate Marketing.
What The Heck Is Affiliate Marketing?
In the simplest terms, affiliate marketing is when you recommend someone else’s product or service and receive a “referral commission” from the company that you sent the customer to. Now you are starting to realize how it’s possible to sleep and grow rich.
The company saves money from marketing and advertising and gives you a piece of the profit pie. Below is an infographic that shows the process.
Never Owned A Business, I Don’t Know How To Start One
The above statement is the #1 excuse why people don’t get started with taking action. You are in luck! Wealthy Affiliate is a great education and learning system with an AMAZING community of like-minded successful people that are willing to help and guide you from learning about affiliate marketing to picking a niche, launching a website, keyword search to helping rank your website and much, much more.
The below menu just shows you a sneak peak of all of the tools you have at your disposal. Oh yeah, and did I mention that you even get to try everything for free? Now you can start to visual how you can count sheep while you sleep and grow rich.
This is unheard of, in the industry, but the creators of Wealthy Affiliate truly want to help you succeed and grow your business so that you can earn money while you are sleeping and soon enough fire your boss and live a life of freedom and abundance of your choosing.
You have access to literally 10’s of thousands of expert marketers that you can reach out to anytime of the day 24/7 with questions and you’ll have more than enough support reaching back out to you the same day (typically within a few minutes or even seconds) with tips and suggestion on how to grow and nurture your business.
You have a Live Chat feature where you can speak to multi millionaires that are more than willing to share their knowledge and expertise with you, free of charge. Did you wake up from your Dream Yet?
How Great Is This System?
I can literally go on and on about how great this system is. I am so honored that I have stumbled across this site. What are you waiting for? Give Wealthy Affiliate a try FOR FREE and you won’t regret it.
Oh yeah, did I mention you can try out this amazing system free without evening needing to enter credit card information, how amazing is that?
Thank you for taking out time in your busy day to read this and I do hope that it has brought you some value. If you have any questions, don’t hesitate to leave a comment below and I will get back to you very soon.
P.S. Don’t forget to hit the snooze button so you can sleep and grow rich some more.