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!?!”
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 all reality, any business that involves selling a product is passive in some way. I mean, once the product is developed and created, you’re not actively creating it anymore; rather, you stand back and watch as people buy it and your bank account grows. But when you hear people talk about online passive income, they’re referring to a specific kind of business and specific kinds of products.


eBooks – My 7-day series could easily have been offered as a eBook for sale as opposed to subscriber bait, but my main objective at that point was getting people into my community long-term where maybe I can offer them a more extensive eBook on just one of those work-at-home opportunities a few weeks or months down the road. At that point they have seen a little of what I have to offer and are hopefully liking what they have seen enough to take the next step of becoming a customer.
In addition to the obvious — increasing your monthly income — many people develop specific investment plans for their monthly residuals. Popular strategies include allocating monthly residuals to a retirement account, a down payment on a home, education expenses and an emergency fund. Your strategy should include establishing a reserve for income taxes if you receive residuals in full, without withheld taxes. This prevents unwelcome surprises at tax time.
Jitendra Vaswani is a passionate blogger, entrepreneur & digital marketer from India. He is founder of BloggersIdeas, WordPress Plugin SchemaNinja, & Digital Marketing Agency Digiexe. Do Check out his latest portfolio Jitendra.co to hire him. He had worked with top brands like Firstcry, Zopper, Railyatri & various others international brands. At BloggersIdeas he mostly writes about How to blog tips, SEO news, products reviews etc.
New post sponsorship -- Companies appreciated the blunt honesty on the blog, so they'd hire me to review their products or even their websites. They knew up front they wouldn't get glowing reviews, but instead critical and balanced looks at what they were doing well and where they could improve. Sponsors had absolutely no editorial control or impact whatsoever (the only ethical way to incorporate sponsored posts in my opinion).
Most credit card companies offer sign-up bonuses to entice you to open a credit account with them. As long as you don’t spend money just to hit the minimum balance and always pay your balance on time, this can have a minimal impact on your credit score while earning you hundreds – or even thousands – of dollars a year. Some of the best travel credit cards offer 100,000 points to new accounts when you meet reasonable spending requirements.
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New post sponsorship -- Companies appreciated the blunt honesty on the blog, so they'd hire me to review their products or even their websites. They knew up front they wouldn't get glowing reviews, but instead critical and balanced looks at what they were doing well and where they could improve. Sponsors had absolutely no editorial control or impact whatsoever (the only ethical way to incorporate sponsored posts in my opinion).


I no longer count traditional publishing as passive income because after you’ve spent half a dozen years pitching agents, arguing with publishers, and having your heart broken repeatedly only to make about a dollar per book, it’s not really passive income. More like overdue income. The responsibility that traditionally published authors shoulder is much too high and the cut far too little to make this even a profitable, let alone passive, income option for most writers.
Thank you! This is really helpful. I have Amazon Affiliates, but I want to get more intentional with how I use it. The only negative thing I have about the program is that since I live outside of US the only way I can get paid is by amazon gift card, or expensive checks mailed to me. I mean, I can use the money I earn now on Amazon on things I actually need, but I don’t know if it’s worth putting a lot of effort into earning more when I can only use the money on Amazon 😛
Speaking of audience, there’s a lot more I can do here. I can create an email list for buyers to join, and I can also publish other books and attempt to cross sell. I decided not to because I don’t want to do more in the college admissions business. The best resources are free and I’ve routinely turned down offers for college consulting or essay review because I don’t think I’ll be adding much value there.
Ranking a website isn’t easy, and it takes at least 3-4 months, but it is rewarding as it brings in passive income every month. With decent traffic to your website, you can earn at least $100 – $200 per month. Those numbers can go much higher as you get more traffic and have keywords with a lot of revenue-per-click. You can also earn some money by selling affiliate products on your website, which is the next idea on this list.
To create residual income, you need to create something that people will continue to buy on a regular basis long after you’ve created it. A house is a prime example of this as people will continue to pay rent for the right to live in the house. A business needs to have products that are sold over and over again rather than trading the business owner’s time for money.
Shane and Jocelyn Sams, who were teachers before. Shane listened to my podcast, and he was like, check out this guy Pat, and his wife was like, No, that sounds kind of scammy to me. But then they decided to give creating digital products a try, so Jocelyn created a website called Elementary Librarian where she was selling packages and worksheets to librarians to help them and that site is doing really well. And Shane is a football coach, so he created coachxo.com to sell defensive plays to coaches. Both of those are doing well over six figures a month now, and they’re doing it through pdf files, worksheets and tools that their audience can use to help them in a more convenient way.
I don’t make all my blogging income through them. In fact, the residual income sites make up approximately 10% of my whole writing income but that doesn’t mean they’re not worthwhile. I don’t promote a lot of my content and I don’t use the sites as much as I used to do. I also have my private writing clients who make up a good 60% of my writing and blogging income.
On the blog aspect, you need to keep posting regularly, otherwise ultimately your traffic will tank (and so will your revenue). That can also be outsourced to some extent: you can pay people to write for you. But your audience are not morons: if you’re open about it they might be ok with it once in a while. If you’re not open about it: they’ll notice.
I say that, because I remember really taking the lessons on research and how-to writing style to heart.  Implementing them saved me 100s of hours of wasted time…you know the kind of time where you spend 10 hours aimlessly searching the net for some nuggets of gold to inspire your writing on a certain topic and then 5 hours trying to write the first 2 paragraphs!
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