Your Website Is a Residual Income Opportunity
By Steve Gillman
A classic residual income example is an investment in dividend-paying
stocks. Another one is collecting a licensing fee for decades
from something you invented. Royalties for a novel that you wrote
would be another example. But what if you dont have that
much money to invest, you dont have an invention to license
and you are not a writer? In that case, you might want to look
to the opportunities available online. Of the many out there,
we will cover one here: A basic review website. But first, lets
look at a basic definition.
Residual income is essentially income that continues to come
in long after the initial efforts that created it have stopped
(or at least have become minimal). You work as hard as you need
to in order to develop the income stream, and then it flows on
its own. This is more than a nice idea - it is a real possibility
more than ever thanks to the internet.
For example, my wife and I have websites that we essentially
stopped any serious work on years ago, yet they still produce
hundreds of dollars of income monthly. Granted, we try to update
them occasionally, but the work is minimal (and optional if we
want to risk a slow decline of the income stream). I might have
spent five hours in the last year on one site, for example, and
yet it generated at least a thousand dollars for each of those
The basic idea here is to target a niche with decent search
traffic. That might be anything from how to train a dog to making
money with crafts. Build a site that has a dozen or more pages
of high-quality information, each targeting one particular keyword
or keyword phrase. For example, if there are a thousand people
monthly searching "make money with crafts," you would
have a page about just that. It would be optimized by mentioning
the search term "make money with crafts," several times
on the page, including in the title, the first paragraph and
near the end of the page.
Then you would get links to your site. You can start by asking
owners of other related sites to exchange links. There are dozens
of other ways to get incoming links. You can learn some of them
from the e-book Fifty Ways To get Traffic, a bonus that comes
with You Can Make Money Writing. The process of properly optimizing
a site and marketing it is beyond the scope of this page, but
you can learn that as you go and some of it is covered on other
pages of this site as well.
To truly automate the site, making future work as minimal
as possible, youll want a simple affiliate product or program
to promote, so you wont have any need to directly deal
with visitors or customers. Youll just get a commission
whenever you visitors click over to the site you promote and
buy something. Even simpler is using any of the pay-per-click
programs that pay you for each click on an advertisement.
Finally, it helps to update a site from time to time, but
this too can be very minimal in terms of time - if you prepare
everything from the start. For example, you can have other write
pages for you for less than $10 each, and have a file of them
ready to be loaded over the years one at a time every month or
two. You also can have the "Tip of the Month" change
each month - again from a file that you prepare in advance. Done
right, your continuing work can be as little as a few minutes
per month, making this residual income plan one of the best.
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