Using the residual income writing sites to develop your blogging niche is also great for those who aren’t quite sure on the niche that they initially want to develop. They can try a couple of niches, maybe on one site with different accounts or across different sites. It gives them a chance to share their experiences, their views, their opinions, and their interests quickly and easily.
Link-building campaigns -- My SEO-centric pals might want to hit me for this, but frankly I've found that most traditional link-building is a royal waste of time. Don't submit your site to every free directory you can find. Don't waste time submitting news releases to all of the free press release distribution sites you can. Don't post short, garbage comments on other people's blogs just to get the link back. Don't engage in link exchanges. Don't get me wrong. There are ways you can increase links early on that I do recommend, but I suggest them far more for the exposure value. Those things would include linking to other blogs from your posts (the bloggers often know who's linking to them, and they might come to check out your post -- it's a good way to start networking with others in your niche). You could also comment on other blogs and include your link, but only do this if you have something substantive to add. Otherwise you just look like a schmuck. The absolute best way to build links to your blog however is to simply create great content that people deem worth linking to. Remember, it's not just about linkback quantity. It's about getting quality, relevant links back from sites who cater to your audience (who not only provide link juice, but direct traffic).
The plugin works with all major payment gateways including PayPal, Authorize.net, and Stripe. You can even offer site visitors coupons or free trials. You can also establish any kind of membership system you want from dripped content to freemium to a full pay-to-access everything setup. It also includes a setup wizard, the ability to opt out of features, and more.
I have posted a few times about the idea of passive income. Real estate investing is a much applauded form of ‘passive income’ in the modern sense. If you own properties, and rent them out, you will get rent checks coming in month after month, right? Right, but you still have to go out and locate the tenants, take care of utility issues and upgrades, etc. The idea of passive income is not that you have to completely do NO work, but the idea that when you set up a certain system, most of the day-to-day tasks are on auto-pilot. If you post everyday for 3 years straight, you will still get traffic in from the search engines, Yaro. As long as the ads are still on your site you will receive the passive income. This is your ‘system’. The idea of passive income is that so which you have the freedom to do something when you want to do it and you don’t have to give up working hours to go do that thing AND the money will still keep coming in. This can only happen if you set up your system.
Blogging is not passive. For various reasons, we have not kept up with our site. Traffic has dropped way more than 50%. It can be very lucrative as you know, but it does need a certain minimum level of effort to remain so, probably in the 20-hour/wk range. Now, all things considered, that probably isn’t that bad of a trade-off, but a trade-off nonetheless.
The term “residual income” refers to the income that someone makes after their work has already been completed. An example of residual income is the earnings an author continues to make on a book after it has been published, when fans continue to purchase copies years later. Residual income is ideal because it is money that is being earned while doing nothing in the present moment to earn that money.
I know subscriptions are a litttttlleeee controversial but hear me out: bloggers like ElephantJournal have been super successful using Wall Street Journals approach of providing 3-5 posts a month for free and then asking for a small subscription fee. This one is worth thoroughly A/B testing though, because if it impacts your session depth and overall pageviews, your display ad revenue will take a hit.

Investing in coins and collectibles: Buffalo nickels and Spiderman comic books are good examples of coins and collectibles that can rise in value, and thus offer opportunity for passive income investors. You'll need to get up to speed on the value of any coin or collectible under consideration, but once you do so, you're on the way to price appreciation on a commodity you'll be paying a lower price to buy, and will garner a higher price when you sell.
Mark Atwood, the author of this book has a vast experience in Passive Income and he explained the concepts of Passive Income from his own experience. This book uncovers most of the latest, important and useful techniques that a professional earner uses in his projects. It is a good reference because it shows you the techniques exactly. It's not the book with full of theories rather an instructive tutorial which involves you with the real thing.
Investing in rental properties: Another form of real estate investment, rental investments (i.e. becoming a landlord) could steer you down the passive income path of steady monthly rent checks that you can use to pay off a mortgage loan on the rental property. After the mortgage is paid off, those monthly checks go right into your bank account -- potentially for years to come. 
One of his favorite tools is Personal Capital, which enables him to manage his finances in just 15-minutes each month. If you sign up and link up an investment account with $1,000+ within 40 days, you get a $20 Amazon gift card. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.
Insurance agents, authors, credit card processing professionals, multilevel marketing participants and actors are good examples of people who often receive monthly, quarterly, semiannual or annual residual income. For example, your job is to sell credit card processing services to retail merchants. A merchant signs a card-processing contract with your company. First, you will receive active income for making the sale. Every month thereafter, as long as the merchant stays with your company, you receive monthly residual payments based on the merchant's credit card sales volume. The more merchants you have, the higher your monthly residual income.
Jon, you always keep it real and I LOVE that about you and your writing! You are so right! There’s always an amount of work that goes into creating “passive income” or becoming a blogger who monetizing with services and courses. Thanks for being honest about how long it can take to truly master the required skills. Frankly, I’ve done my 4+ years of undergrad and grad school and what I’ve been learning in the last 2-3 years as I’ve dug deeper into improving my copywriting and blogging skills by taking classes with yourself and other trustworthy mentors is giving me the best foundation to help me build my freelancing business and ultimately step away from my 9-5. For me, it’s all about who I work for, under what conditions, when, and for how much, rather than a “no-work-at-all” lifestyle. That’s totally unrealistic. And I appreciate you, as a well respected “Guru” yourself, for saying so!
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I know some people assume monetizing a blog is just easier for me. After all, I can use the "juice" of my existing sites to bring a new blog attention in the beginning. Others assume it's easier because I come from a marketing / PR background (although that's no excuse, since I teach you all about that here if you take the time to look). Still, I've decided it's project-time yet again (when is it not with me?).
I'm going to be choosing a niche and domain name this week and launching a new WordPress blog. The only money I'll spend will be for the domain name (I'll use existing hosting as you might do if you're already hosting your own professional site). No paid advertising. No paying for custom designs or coding. I'll be launching the blog in the same way many of you might -- spending as little as possible up front.
This is another way to earn passive money from a website: sell affiliate products. Affiliate marketing is convenient and effective, because you don’t have to create or retail any products; you just need to get people to buy a product through your link, and you automatically earn a (small) share of the revenue. The most popular affiliate programs are Amazon Associates and Clickbank.

I have posts that are heavily linked to Amazon and some that aren’t to keep things balanced out. My heavily linked posts are product guides or stuff I was searching for my kids. Some examples are: Non-toxic high chair, 20 non-toxic teething toys, and Gift for 2-3 year olds. My blog is “green” so a lot of my posts are about non-toxic products since this is what I personally look for.
As for Mr. Tako’s idea of hiring writers above, it’s not bad. However, in my experience it isn’t great either. Managing writers can be as much work as managing the other aspects of the blog. They come and go and I found myself spending more of my time on tasks that I didn’t enjoy (hiring and interviewing). I also felt like I didn’t have the same connection with my readers.
Then I learned about how people earn money without leaving their house, and even working from another country, and without having to spend too much time on it. This is where passive income comes into play. To be honest this hit me pretty hard the moment when I realized it - there are ways to earn money every month by doing almost nothing, and it’s not renting a house or apartment you inherited? First thing I thought when I heard this was “What can I do to make this happen, ASAP!?!”
There are many different methods to valuing a company or its stock. One could opt to use a relative valuation approach, comparing multiples and metrics of a firm in relation to other companies within its industry or sector. Another alternative would be value a firm based upon an absolute estimate, such as implementing discounted cash flow modeling or the dividend discount method, in an attempt to place an intrinsic value to said firm.
Try to write one good post about an expensive product or a list of expensive products that you recommend and actually use. Make sure it has good SEO and wait about 6 months for it to start making money. This is what started making me money at first. My Non-toxic play mats posts got on the first page of Google results and it started making me affiliate income.
If you read everything I said here and your response is, “Okay, that’s fair. I can give it four years,” then you’re already way ahead of most people. On the other hand, you might also say, “Jon, this is interesting, but I really don’t have that kind of time, so I’m going to bow out now.” In that case, congratulations, you just saved yourself a lot of wasted time.
Similar to selling advertising, the goal is usually to rank for competitive search terms, but instead of selling advertising, you endorse different products your audience might be interested in, and whenever someone you refer buys, you get a commission. It’s kind of like the next generation of Amway, except instead of referring your friends and family to buy the products, you refer strangers who visit your website.
Today I'll be talking about how to earn passive income with your blog.  In my previous post, I covered the most popular types of income you can make from blogging.  Now I’d like to get a little more in depth and talk specifically about producing passive income and why setting up your blog to earn passive income is a great way to massively multiply earning potential from your blog.
Setup your basic pages. I strongly suggest adding an About page and / or Contact page to your blog. Share some information about yourself and why your background makes you qualified to write about this niche topic in some way. It can go a long way towards building trust with readers. Also set up a privacy policy, comment policy, or any other pages you feel would be relevant.
Michael Ellsberg is the author of The Education of Millionaires: It’s Not What You Think, and It’s Not Too Late, which is launching from Penguin/Portfolio in September. It’s a bootstrapper’s guide to investing in your own human capital at any age. Michael sends manifestos, recommendations, tips, and other exclusive content to his private email list, which you can join at www.ellsberg.com. Connect with him on Twitter @MichaelEllsberg and on Facebook.
About Blog The College Investor helps millennials get out of student loan debt to start investing, building passive income, and wealth for the future. Today, it's the go to resource for millennials looking for information about how to get out of student loan debt and start investing in their future. Follow this blog to get tips on Millennial Personal Finance and Investing.
Possessing a team of like-minded people is one of the keys to success and is essential in any business. The results you achieve will be directly related who you surround yourself with. You may be in business for yourself, but you cannot do it by yourself, you need a team. A team that you can rely on. Engineered Lifestyles has the experience and can provide you with the team you need for success!
In fact, this post is a perfect example of this in action. I created the products I mention throughout the post over the past two years, and I set aside some time to write this post…and from now until my blog no longer exists, this post will continue to earn revenue from product sales! It’s as simple as that. I just have to help people with this post. And I hope it is helping you!! 🙂 
Stock dividends: Some stocks, especially stocks from big corporate standouts, pay dividends to shareholders based on the number of shares they own, and the percentage of the stock price on the dividend date. For example, if a company pays out 3% on a stock that's trading at $100 per share, you'll earn $3 for every share of that stock you own. Add it up and that can be good take-home pay as a passive investment.
There is a specific tax definition of passive income, known as “passive activity” to the Internal Revenue Service. Passive income is any income you make without actively working or are materially involved. The IRS defines it as any rental activity or any business in which the taxpayer does not “materially participate.” Nonpassive activities, or active activities, are businesses in which the taxpayer works on a regular, continuous, and substantial basis.
What Every Real Estate Investor Needs to Know About Cash Flow – The focus of this book is making sure that you have a deep understanding of the numbers that drive a good real estate investment. The key emphasized here is that investing for cash flow is preferable to speculation. There are some great case studies in the book for those who learn well using those.
The only way to increase your income substantially, then, is to reach more people. The difference, put simply, is between writing an article and a book. If you write an article and sell it to the New York Times for $1 a word, you’ll never see more money from that piece again. On the other hand, if you were to create a collection of articles and sell it in a book, you may (depending on various factors, which we’ll get to) see money from this book over and over again until you keep it in circulation.
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Residual income is calculated as net income less a charge for the cost of capital. The charge is known as the equity charge and is calculated as the value of equity capital multiplied by the cost of equity or the required rate of return on equity. Given the opportunity cost of equity, a company can have positive net income but negative residual income.
Today I'll be talking about how to earn passive income with your blog.  In my previous post, I covered the most popular types of income you can make from blogging.  Now I’d like to get a little more in depth and talk specifically about producing passive income and why setting up your blog to earn passive income is a great way to massively multiply earning potential from your blog.
Investing in rental properties: Another form of real estate investment, rental investments (i.e. becoming a landlord) could steer you down the passive income path of steady monthly rent checks that you can use to pay off a mortgage loan on the rental property. After the mortgage is paid off, those monthly checks go right into your bank account -- potentially for years to come. 
Getting rich is almost every man’s dream, and with this guide and the valuable information you now possess, you can now actually start working on it. So next time you check your checking account, try to refrain from crying out loudly and come back here to read this article again and give passive income businesses another good brainstorming session. You heard it here first - passive income businesses can be the best solution for a home business and working on your own!
You can publish a book in two forms: paperback and e-book. E-books are much easier to get published, and they’re wildly popular these days. They’re also convenient for the reader. After writing an e-book, all you have to do is set up an account on a seller, like Amazon or Nookpress, and start promoting your book! Here is a simple guide on getting your e-book published. As I mentioned before, if you already have an audience, such as on a website, that’s the best place to promote your e-book. This article will also explain how to set up a website.
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Monthly residuals are a wonderful method of increasing your income, getting paid for things you did in the past that continue to generate money for you. Those who qualify receive a check or electronic payment every month based on work completed in the past. Many sales and marketing people earn monthly residuals by selling a product or service that generates income months or years after the original sale. For example, you might sell a life insurance policy with a 10-year term. The insured pays his monthly premium religiously. The insurance company then pays the selling agent monthly residuals — a percentage of the monthly premium — for up to 10 years.
In the blogging world it’s common to hear other bloggers talking about ways to make income. One of those ways is by using affiliate links. An affiliate link is a link with a tracking code; when a person clicks on that link and buys the product you get a commission on that purchase. Affiliate links are a great way to make passive income (see how much I make with affiliate income per month.)

4. We do our own IT, website design and implementation, write all our own materials, do ongoing research to keep it fresh and develop new products and technologies, market, mail like madmen (our emailing subscriptions alone cost us $1,100 per month, but we’ve got a list of 15,000 after four years in the biz), and somehow manage to keep the dishes clean, food in the fridge, and love our 4 kids as much as we can.
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