How to set up your online business to build a residual income?

[Mika]

How to set up your online business to build a residual income?

 

[Ziki]

if your business is is about barbeque then you want to make sure that your site has the right keywords in the title, in the body, in the image descriptions, it also means you have supporting keywords in it like BBQ recipes, grill temperatures, types of meat, best BBQ grills and everything else that is related to that topic.

 

[Eodine]

Setting up an online business requires personal decisions and drilling so these are the main characters needed so when the business eventually starts all other needed traits would be easy to build with time.

 

[Richard92]

There is no better way to build your online business than to have good referrals to your business, that is the best way to make your online business grow. Most online businesses grow by the amount of online followers they have, the flowers matters a lot.

 

[Seyesystem]

Yes online income should be passive income Working online from home is very easy if you have a very good idea that will be giving you residual income and you will do it at you convenience. The advantage of online business that will be giving you residual income is that the income may be forever and once the system is set up you can just be doing other things and you will be earning from your online passive income. eg Amazon kdp.

 

[iamgroot]

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.

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.

 

[Donolatunji]

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.

 

[Rashid]

Very true, yes this effects very much, yiur YouTube video view will continue to pay you, but there are offline residue business too, like if we deposit a kot of money into banks, that will give you profit per month and your actual money Remains same. Is this a good example of this at offline?

 

[Adetayo100]

If you love Instagram so much, you might want to turn your scrolling time into posting time to help you skyrocket your passive income.
The best thing about Instagram is that you can literally create fan pages for absolutely anything. Whether you love travel, fashion, beauty, home decor.

 

[Mika]

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

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.

 

[Nurudeen]

If you intend to make residual income online the best way to do that is to first of all try out Blogging but in this type of online business you need to know how to write an comprehensive guide and will be search engine optimized. This will make you rank your blog on different search engine to get more traffic

 

[Mika]

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.

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.

 

[Ralphjoe]

What an apt description of residual income is truly is. The truth is that I have had any online business that is capable of giving me residual income and that makes me sad because I know the kind of money some people are making through some business like that when they are asleep. The concept of residual income should be highly encouraged as I have started looking for better pay options.

 

[Ridorz]

You are right, this is good discussion. A residual income is not a quick or instance reword of effort, it passive income. It's a long time profits of effort to gain. And if you want to build a residual income you will have to create website which is blog that you will be use to post a news, article, photo and video for website visitor to get information. And this will take long time.

 

[mubinadaddy]

Creating a landing page and driving traffic to the landing page and work on it for several times can put you on a residual income cause people can visit it without your knowledge and purchase your product. Creating youtube channels and giving value in your channels can out you in a residual income

 

[Famok]

Residual earnings is how you calculate profit in the international of corporate finance.

you could use it to perceive a employer’s net really worth by way of subtracting the possibility expenses of capital from the once a year operating income.

 

[TopSilver]

To be honest with you a job is the best way to have that kind of money. Residual income is something you receive all the time. If you own your own business then that's the best way of all. Even above a job.

The stock market is not necessarily a good route for that kind of money making but owning your own business, can be much better. Because then you don't have to sell your stock back just to get money. Your not guaranteed anymore. Can you make more money constantly? Yes. But your not actually getting any of the money until you sell it back. Of course you don't have to sell it all back, and can actually sell back small amounts.

 

[Pauljonnes1000]

Residual income is the income left after debt is gone and income becomes accumulating. It could be called leftover.

 

[Rimsha kanwal]

Residual income is money that is earned on a recurring basis, typically as the result of a single original action.
Unlike an hourly wage, which is based solely on the number of hours worked, residual income streams provide ongoing payments through an initial investment of time, money, or both. Once the initial investment, product, or service is made, the income earned is generally passive and continuous in nature.

 

[Hasan Raza]

Setting up an online business is not as easy as people think. It requires personal decisions and drilling so these are the main characters needed so when the business eventually starts all other needed traits would be easy to build with time. The dropshipping work is for long run if you have grip in it.