Now, I think you know a lot about residual income and I want you to get the papers and look at what your wrote. If you wrote what you can do and you can make a product of it, start making your product. If what you wrote can't be converted to a product, search for someone who can make it for you or search for similar products and start promoting it on your website.
However, making your product is much better and highly profitable.
So, we will talk about making your product first:
- I am assuming you already decided what the thing you can do and the idea of the product you will make. We will focus on a written product as it is the easiest.
- First, write the order of chapters and draw the map of your book. Then, come up with a good name that is related to your product and has a keyword value for search engines too
- Then, build you product website and get an email list and auto-responder like Aweber or any one you like.
- Get a simple design with cool color and easy navigation
- Get a nice book cover
- Make the first price a little higher than your efforts because you will pay monthly and yearly fees for your website and auto-responder plus affiliate commissions when you put it at affiliate networks. And you will need to do some discounts at some occasions.
- And you are done. Of course you can get people to make these steps for you at Freelancer.com or Fiverr.com.
- Your website design and content are very important. So, try to perfect them.
If you can't make your own product there still somethings that will help you a lot and I highly recommend doing it:
- I am assuming you already which of the things you like you will start you residual income up on.
- You will need a website with a domain name related to your niche.
- You will also need the email list as it will help you a lot.
- Then, you will start searching for a products -recurrent is better- you like and write about them.
- When you find a product and decided to promote it search for the top reviews and try to know why these reviews are ranked highly and try to get your review in the first page too.
- You should write your own content at your site too and don't just fill it with affiliate links.
- Try to make your site great for the visitors, not for the money.
- So, your website will give you a multiple stream of residual income, How? your reviews will get you commissions. You can sell your ad spots or put adsense. You can use your email list to get more sales or sell emails.
- The residual in your website is your reviews. So, write awesome reviews and take your time doing it.
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