Residual Income & Online Earnings

Residual Income versus Passive Income

Expecting to have a Passive income obviously means that you want to earn money without any effort. The truth is, making your income online does not start out that way. For many people, Passive Income never comes because they simply don’t build a base that can allow it to happen.

We build a base with Digital Assets, (mostly website based). Each one makes us a recurring or residual income. As the first of these “assets’ gets established, income begins to flow. Then it grows and becomes more regular. Each one requires less attention from us as time passes.

This means you can sequentially build, buy or renovate assets. Of course when you learn and understand the process, more and more of the work can simply be outsourced.

You just focus on one or two assets at a time initially. The result is a steady and growing income. That feels “semi-passive” because you have money coming from multiple Assets while you are creating the next one at your own pace.

Finding the best sources of Residual Income online

Understanding the Online Environment

Getting started online often requires very little in start-up costs, but it’s smart to invest in some quality Education or Coaching, to avoid the pitfalls. This helps you work with the massive platforms (Google, Facebook, Amazon, YouTube etc) which dominate the Internet, and allows you to profit from what they have built.

After learning about the construction of a successful website, the next critical element is visitor Traffic.

Who control’s it? How do you measure it? How many visitors do you need?, and How do you attract enough for your Websites to be profitable?

When you are starting out, the answers to these questions will depend on the Types of Websites you create and the ways you choose to monetize them.

High Traffic Websites

The two easiest ways to monetize a website when you are starting out, are with Advertising revenue or Affiliate offers. Because you don’t need to develop your own products or services to sell, getting started in this way is quick and inexpensive. The trade-off is that it will take time to grow your website and your traffic.

To have successful Amazon Affiliate sites, you need to understand the world’s two largest platforms:

Google where compliance and SEO skills allow your site to be seen in Search results and win visitors in the first place, and

Amazon, so you can set up your site to best serve the needs of an Amazon Customer. This increases your chances of generating a sale from a larger percentage of your visitors.

These need High Traffic to Earn Residual Income.

With both Adsense and Amazon Affiliate sites, the revenue you generate per visitor is fairly low. So, for these models to work, you need a lot of visitors. You also need to find them without paying for Advertising yourself. This is where great website construction and SEO skills come in.

Both strategies rely on website design and SEO skills. Creating a Google friendly website helps climb the Search Engine rankings in your Niche. Better rankings mean more Free traffic to your site.

Affiliate sites selling higher value products, with higher affiliate commissions than Amazon, can also be profitable on a lower volume of Traffic.

A website that successfully targets a specific niche, in a specific region and identifies convertible clients is another highly profitable, which work for both high and low traffic websites.

Lower Traffic Sites

Sites offering their own digital products, like Courses, Guides, E-books, and Newsletters etc can be highly profitable and highly valuable even in smaller Niches with lower traffic numbers.  

Of course, all sites need visitors (traffic), but the higher your income per sale, and the better your website is at converting visitors into Customers, the fewer visitors you need to be profitable.

Specialist Membership and Information Sites

These options need much more attention to site structure, and to the interaction between multiple Platforms to achieve your objectives.

We specialize in these areas. Assisting clients to conceive, design, create, launch, maintain and market services through these highly valuable sites.

Membership Websites

Again, the set up and design is more complex than the high traffic sites discussed above. But, when properly designed and managed, you can build a dedicated customer base of your own. This is invaluable when you roll out your next product or service, and adds enormous value if you choose to sell.

Information Sites for Automated Income

The internet is the ideal way to deliver ongoing Education, and to create a significant income by teaching others to do what it is that they want to do. Like a membership site, in order to market information online you will be more active in Social Media, email marketing etc and you will also have the profit margins to run advertising campaigns on major search engines and social media platforms as well.

Your site design is critical here. There is greater emphasis on Security over your Intellectual Property, timely delivery of course content, ongoing interaction with Students and secure payment gateways for higher dollar transactions.

Selling courses in this way makes education cheaper and more convenient for the “student”, and more profitable for the provider.

Depending on your subject, you can offer students an ongoing educational experience beyond the Initial course they purchase by adding a “graduate” membership model, higher level group coaching or one-off graduate events.

It is especially rewarding if you are an acknowledged expert in your field, but it is also possible to offer quality courses where your personal expertise is not a critical factor at all.

Moving onto Auto-Pilot

Using High or Low traffic strategies, with the right training, and your base built correctly, you have some fabulous “lifestyle” options available to you.

You can choose to stop adding assets and apply a regular review and update strategy to maintain your income if you choose. It’s like exchanging a career for a part time hobby, but keeping the income. Of course, you can also sell individual assets or the whole group at any time as well.

Giving yourself the best chance online.