Ways to earn residual income by Marty Foley

There are a variety of ways residual income can be earned. Following are some examples.


1) Transfer the rights to a book you wrote, a software program you created, a gadget you invented, or a song you recorded, to a company that agrees to pay you a percentage of each copy of your work sold in the future.

2) Become an actor and draw residual income from each of your movies, TV shows, or commercials, each time they run.

3) Let an oil company drill a well on your property in exchange for a percentage of the revenue.

4) Purchase an office building or other real estate that earns you recurring income through lease or rental payments.

The above ways of earning residual income generally aren't that easy to implement. Following are some that are more attainable for the average person:

5) Start a savings and investment program that pays you residual income in the form of interest or dividends.

6) Join associate programs.

Call them what you will: referral, reseller, affiliate, bounty or associate programs, they are very popular on the Internet. Some of them offer similar opportunities for earning residual income.

Companies arrange such programs to compensate reps, resellers, dealers, associates, affiliates (or whatever the designation used) for promoting their products and services.

Reps are generally given a unique I.D. number and/or web page or site, so the company can track the source of each sale and compensate the proper rep.

Keep in mind that many associate programs only pay one-shot commissions, rather than recurring, residual compensation for your efforts.

7) Create and market your own information products.

Self-publishing your own information products has several advantages over marketing through other publishing companies:

• You, as info-product creator, get 100% of the profit, versus a small percentage of royalties through traditional publishing companies, if they decide to publish your work at all.

• By gaining complete control over the marketing of your information products, you can profit from them for as long as enough viable markets (willing, able and accessible buyers) exist.

Conversely, traditional publishers usually have so many new titles by other authors vying for their marketing budgets and attention that unless an author is well-known, or the work is a top seller, the author's work is not given much priority and is pulled from the market within year or two, thus fading into obscurity.