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

[Heatman]

Well from my experience I believe that setting up an online business that makes use of website is very difficult compared to when people set up the online business to be sold using social Media platform like Facebook, Twitter, Instagram and the rest.

 

[Kunkun]

Setting an online business is not easy as there are lots of competition to be faced for the spot but still there are lots to be done and some you mentioned that's why it's important to have an online presence

 

[Emmado]

I believe we really need to do the type of business that we are passionate about because that is the most important thing ,there are a lot of people here that may not have the strength and the ability to go into a serious coding to a point of greeting an app.

 

[Josephjossy]

The best way to earn money is making money when you are sleeping that is what will make you a rich man you can't be a Rich Man by what you worked for you need to earn more money even when you are sleeping for you to be able to call yourself a rich man

 

[Richard92]

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.

One can be able to set up his online business to make reservation income when he or she is doing his business in his comfort zone.

 

[Senator]

Yes I like the aspect of building residual income online for oneself. Building of apps and selling of and crating digital products are one of such ways for creating a good residual income too

 

[Bousine123]

There are lots of online business you can start up op, you just need to focus on the niche you are good at and try to build something around it.

 

[Jsoliu004]

Just getting started is key! Additionally, if your employer is offering a 401k with company match, try your best to take advantage of that immediately

 

[Didosky]

Website advertising is very essentially important. Thought ti build one from a scratch is good.. there can also be a blog for it

 

[Grandeur]

You have taken time to explain residual income, income generated from your direct links eg, the money you make from a business someone is taking care of for you.

 

[GIFTMICHAEL]

Residual income its just like passion income, that's alternative name to passive income. You'll build your business to start earning you money in an autopilot means.

 

[Dowenship]

Building residual income might take a long way to build but truly it with it because you wont back down totally at the end of the day either good or bad...

 

[joy101]

Starting online business us very good, but it is not that easy because you need to work very hard in order to make good income from your online business.

 

[Stylex]

Write your reply...how do you have to do is to be a good idea to have a ton of money to pay for the first time that the app isn't working and not functioning as before that's early on an is also a scam project

 

[Yusuf]

There are different online business to go into and they are all profitable so far one knows the in and out of how the Business works. Some of them are Blogging, Amazon Kindle publishing and Digital media marketing

 

[mcjerry]

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

But it is not everybody that will earn money with blog. I have tried blogging before but I did not make it well with it. Though I don't know how to write good content so I left Blogging

 

[Nomad]

Sometimes I doubt if a business can be termed a residual income because all businesses require active participation and you will have to spend many hours every day.

 

[Kelly5]

A residual income model as we know it to be is a form of business set up that is not going to be requiring you being present to oversee things before you can make money. It is a set up that runs continually on autopilot making money for you

 

[Richard92]

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.

The best way to set up your online business to get residual income is by simply starting your own line business at your own comfort zone.

 

[Alexandoy]

Sometimes I doubt if a business can be termed a residual income because all businesses require active participation and you will have to spend many hours every day.

You are right. A residual income or passive income means you are not doing anything. When my wife receives the annual dividends of the stocks that she owns then I consider that a residual income because that is aside from the increased value of the stocks that matters. The dividend is there even if you are not doing work on the stocks.