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

[Shigobad2020]

You can open an online store. A lot of people start on Etsy. You get some reviews going and customers and then you send a card to take them directly to your website with a discount and encourage them to share on social media for more discounts.

Opening an online store is a good way of building an online residual income , when people visits yiurnstore to order for goods , your site keeps improving and generating traffic.

 

[Sotherefore]

This can be done easily, nowadays online business gives opportunity for people to earn money by doing what they love. The most important thing here is for us to focus on a particular online niche we have interest to do. It must also be something we understand how to handle.

 

[Ghost]

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.

There are also several jobs on fiver and Upwork that requires little or no skills at all. It's a good place to get some jobs that would give you passive income. There's nothing wrong with an extra source of income i

 

[joy101]

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.

Yes starting online business requires alot of hard work in order to start making money from the business you need to invest your business on social media for you to get more traffic on your business an start making money from it.

 

[Godspower]

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.

Just like you have mentioned, blogging is a very important way of earning residual income. Over time, you can earn a substantial amount of money from your total work in a month.

 

[Shigobad2020]

Just like you have mentioned, blogging is a very important way of earning residual income. Over time, you can earn a substantial amount of money from your total work in a month.

Blogging is one of the best way to build a residual income from online business, once you are being able to generate traffic , then you can start making good amount of money, You can also make money from vlogging.

Just like you have mentioned, blogging is a very important way of earning residual income. Over time, you can earn a substantial amount of money from your total work in a month.

Blogging is one of the best way to build a residual income from online business, once you are being able to generate traffic , then you can start making good amount of money, You can also make money from vlogging.

 

[tyrim88]

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.

One of the things i have come to understand about the issue of going into online business is that one need to be discipline and the process requires lots of patience.you will learn from the process as on proceed.

 

[Shigobad2020]

One of the things i have come to understand about the issue of going into online business is that one need to be discipline and the process requires lots of patience.you will learn from the process as on proceed.

There are many online business that wants fast money , so because they could not make money early , they decided to leave the online business because they couldn't generated their expected income instead of them to wait and keep working hard .

 

[tyrim88]

There are many online business that wants fast money , so because they could not make money early , they decided to leave the online business because they couldn't generated their expected income instead of them to wait and keep working hard .

One of the things that most busineses do not really understand is that the aspect of doing business online is not something you will just jump into and start getting the benefits on the go,you need to create a structure first.

 

[Bigron]

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

This can be done by the creation of a new website, generating traffic in its direction and working on it several times to provide you with a cash flow because people can perhaps visit it without your awareness and buy your goods.

 

[Genie01]

This can be done by the creation of a new website, generating traffic in its direction and working on it several times to provide you with a cash flow because people can perhaps visit it without your awareness and buy your goods.

This is a nice residual income idea and can be passive in nature.
I believe that if it is taken into action can bring one money almost passively.

 

[Bigron]

This is a nice residual income idea and can be passive in nature.
I believe that if it is taken into action can bring one money almost passively.

It is important to note that businesses need to employ a strategy and even possibly an expert to help them carry out the creation of a business on the Internet. The benefits will arrive in due time, and not at once or immediately

 

[tyrim88]

One thing about online business is that one should not just be general and delve into a sector that he knows nothing about,you should be able to concentrate on a particulat niche and then build from there.

 

[Genie01]

One thing about online business is that one should not just be general and delve into a sector that he knows nothing about,you should be able to concentrate on a particulat niche and then build from there.

I agree with you, in as much as it is good to have multiple ways of making money. it is very good to be very good at something and be known for that thing.

 

[frederick_9]

Personal choices and initiative are necessary while starting an online business, thus these are the major characters required. Once the firm is up and running, all other necessary qualities will be simple to develop over time.

 

[tyrim88]

I agree with you, in as much as it is good to have multiple ways of making money. it is very good to be very good at something and be known for that thing.

Most persons would want to do things in a way that they will be running too many things at a time without specialisation,the good thing about doing online business is that one need to be focus and specialise on one aspect.

 

[Genie01]

Most persons would want to do things in a way that they will be running too many things at a time without specialisation,the good thing about doing online business is that one need to be focus and specialise on one aspect.

Yeah, that is where one can make a maximum impact.
It is not wrong to get involved in some other things but it would be best to have a sufficient expertise on one thing.

 

[Immilash]

The first thing you need to have before you can actually start up a business of any kind is plan, if you don't have a business plan you are only wasting your time.

 

[Shigobad2020]

The first thing you need to have before you can actually start up a business of any kind is plan, if you don't have a business plan you are only wasting your time.

In any business setup , aftere you already source for the business fund , the business plan is what you first need after the business idea , because without the business plan , the business wil definitely fail .

 

[Immilash]

In any business setup , aftere you already source for the business fund , the business plan is what you first need after the business idea , because without the business plan , the business wil definitely fail .

That's true, if you have capital the first thing you need to look after is business plans, if you have a good plan you'll definitely make your business successful.

In any business setup , aftere you already source for the business fund , the business plan is what you first need after the business idea , because without the business plan , the business wil definitely fail .

That's true, if you have capital the first thing you need to look after is business plans, if you have a good plan you'll definitely make your business successful.