3 Great Residual Income Ideas

Are you looking for some great residual income ideas?  Ideas that will put a bit of extra money in your pocket without either a huge outlay or giving up your day job.  Here are my top three residual income ideas.

First up is  Google Adsense. It is possible to make some extra money from the Google Adsense program, some people make lots of extra money.  The idea is that Google will place contextually relevant on your site which will result in you getting paid every time somebody clicks one of the ads. The great thing is that nobody needs to actually buy anything, they just need to click through to the advertiser.  For their part, the advertisers pay Google to run their ads and everybody is happy.  Googles robots will crawl your site to determine what it is about and the keywords used and in that way it delivers adverts which are contextually relevant to the page. You have to apply to Google.com/ads to be able to run adsense ads.  You can also setup a free website at Blogger.Com.  With the right traffic and some good content you can make money from adsense

Another great residual income idea is affiliate marketing.  You can act as an affiliate for many different products and services.  As an affiliate you are  paid a commission for a sale of somebody else’s product.  Unlike adsense somebody actually has to buy something but pick the right affiliate program and the commissions can be high.  Many people act as affiliates for amazon and ebay and receive commisions for sales of physical products.  EBooks are also very popular in earning affiliatecommisions as the commissions are high – often 50% to 75%.  The best place to go is Clickbank for a whole range of downloadable products to promote.

A follow on from affiliate marketing is optin list building.  The basis of this residual income idea is to build a list of people who you can email offers, ideas and recommendations.  There are people who make a full time income from their list of subscribers and there are specialist tools called autoresponders through which you can setup and manage the whole process.  The other advantage  of using an autoresponder is that the process requires your subscribers to double optin (once by filling in a form and twice by clicking a confirmation link sent via email) which will prevent any accusations of SPAM.

There you have it – three great residual income ideas which could just put a bit of extra money in your pocket

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