Starting your own business can be a great way to earn a living while also becoming your own boss and setting your own schedule.
But building your own brick-and-mortar business requires a big investment of time and money.
Luckily, starting an online business is much easier.
There are tons of residual income opportunities that only require a small time investment before you can start earning money while you sleep or while you work on other money-making ventures! These opportunities often require little to no money to start, but can start helping you earn money right away!
Check out this list of just a few of the countless residual income opportunities that you could be taking advantage of.
Top Residual Income Opportunities
Start A Blog
While some residual income opportunities require just a short amount of work upfront, this one is a bit more time-consuming.
But the end result can be much, much more money than you could make elsewhere.
Starting a blog can land you tons of passive income that will continue to pour in month after month, just so long as you work on it from time to time.
To take advantage of this income stream, you’ll need to start by choosing a great topic for your blog. Consider topics that you yourself would enjoy reading, or research lucrative topics online.
Then, start producing high-quality content. You’ll need to learn a few SEO basics, and make sure that the content that you’re producing tells a story, answers a question, or educates your readers in some way, that way they’ll be interested enough to read beyond the first few sentences.
Once you’ve created your blog and produced some content, it’s time to start making money. You can do this through affiliate marketing or by adding advertisements to your blog.
After you’ve completed these steps and your traffic begins to grow, your blog will start making money, even when you aren’t logged in and working on it!
Create An Online Course
Like starting a blog, this is one of those residual income opportunities that require a bit of work upfront but can make you tons of money once you’ve put in that work.
Creating an online course is simple, and won’t require any money to get started. Sites like Udemy, Skillshare, or Teachable allow you to easily upload a course and sell it directly to buyers.
You can create courses on any topic that you choose.
Opting for courses on areas that you’re an already knowledgeable will save you tons of time that you’d need to spend researching. But choosing topics that might be more popular could land you more money over time.
Make YouTube Videos
One of the easiest residual income opportunities exists on a website that you probably already use. It’s also one of the world’s most popular websites.
Creating and posting videos to YouTube can be a great way to make some passive income. Whether you’re posting a video of sites you visited on your latest vacation, action videos of you enjoying your favorite sport, or even how-to videos, you can upload them to YouTube, add advertisements, and start making money right away.
The more videos that you create, the more money you can make!
Resell Products Online
Using the internet as a sales platform can be an easy way to start your own business and earn a mostly passive income.
You could use resell sites to sell items that you already have, like clothing that you no longer wear. Or, you could buy products by wholesale, and then sell them on your own website.
While you’ll have to list your products online, update your inventory, and then ship products once they sell, you’ll also have plenty of downtime to focus on other things.
Produce An eBook
Like producing YouTube videos or online courses, ebooks can be one of the easiest residual income opportunities. Once you put in the initial work, your product will continue making money while you sit back and relax!
You don’t have to be a talented writer to pen an ebook. In fact, your book doesn’t even need to be a fictional novel. Instead, consider writing a nonfiction book, like a how-to guide, a self-help piece, or a travel guide.
As with online courses, choosing a subject that you’re knowledgeable about means less time spent researching. But some subjects will be more popular than others, so make sure to do a little research if you want to maximize your income potential.
Develop A Smartphone App
If you’re tech-savvy and know your way around code, creating a smartphone app can be one of the best residual income opportunities for making tons of money.
To be successful, you need to think of a problem that potential users have that could be solved with a helpful app. Or, develop an awesome game that you know will get people glued to their phone screens.
Once you’ve decided what your app will be, you’ll need to devote a lot of time to produce the app, and making sure that it functions well.
After that, all you’ll need to do is put your app up for sale on major markets, then sit back and watch the money roll in.
Start Taking Advantage Of Residual Income Opportunities Today!
Any of these awesome residual income opportunities can be a great way to earn some extra money while you sleep.
The great thing about these is that once you’ve completed one, you could start working on the next, increasing the number of money-making ventures that you have going at once!
If you’re new to the world of making money online and aren’t up to completing these tasks yet, or if you’re looking for another way to make passive income online, consider checking out one of our internet marketing course.
You’ll learn how to start targeting a worldwide audience, all while working at your own pace and earning money with minimal work.
If you’re ready to leave the rat race and become your own boss, it’s time to learn how to take advantage of residual income opportunities available online.