When you are looking for extra jobs or Side Hustles to have try to think of jobs that will provide you with residual income. This can be the same as passive income in a sense. Passive income is something that you get from not doing anything, such as buying a rental property. But residual income is from when you set something up once, and you get income from it without ever having to do anything else.
In this post I am going to give you my top 5 best ways to earn Residual Income, whether it is a side hustle or a full time job. These streams of income will give you the potential to earn money for only doing things once.
Advertising on Your Car
If you are of driving age and are lucky enough to have a vehicle. Then you could be making money just by allowing a company to advertise on your car. This is almost too easy to be true. Slap this magnet on your car and forget about it. When those monthly deposits come in you will thank your past self
Podcast
This one can be kind of time consuming, but if you want to get paid to speak your mind then it might be worth the effort. If your podcast makes it big you can start to leverage the audience that you bring and get sponsorships. Once you put a podcast out there then you won’t have to do anything else with it.
Blogging
Do you have a lot to say? And can divide it up into concise segments then boy do I have the residual income stream for you. A blog is what you are reading right now. And once this page launches it will provide me with income without even thinking about it.
YouTube
There are over 14 billion visitors on YouTube each month. If you start a channel with great content you can tap in to those visitors and start getting views of your own. This is a residual income stream because once the video is up there your work is done.
Affiliate Marketing
If you have a YouTube channel or a blog, or even a decent following on social media you can become an affiliate. This is when you advertise products on your platform for a company. If someone uses your unique link to purchase a product you will get a percentage of the profits. In this set and forget once you embed the link into your platform you just have to sit back, relax and watch the money roll in.
Rob’s Opinion
If you enjoyed this post please comment down below. And if you have other residual income streams that you don’t mind sharing then comment down below to let the people know. Because we are all apart of the same World, Rob’s World *Cue CSI: Miami Theme Song*
Do you enjoy making real money and are tired of reading the same blogs that try to sell you their easy way with courses? Then my Wealth Building Playlist is for you. This is where I should tell you in detail how to get ahead of the competition in life.
