If you have been wishing to get some residual income coming in, there are many ways to do it. Residual income may not be a steady weekly paycheck that can pay the bills, but it does give you some extra surprise income from time to time. Depending on how much time you have and how much effort you put into your extra money makers you could bring in a good deal of money monthly with little effort.
Start Blogging
Whether you have an existing blog, or you want to start one up, you can turn it into a way to make some money. There are a few ways to make money from a blog, but one great way is through advertising.
You might even be able to get some free stuff, instead of cash, through your blog. Consider becoming a reviewing, through blogging and through video. You can get free stuff to use and review, from makeup to books, which will save you some money shopping!
Be A Writer
You can be a writer without being a blogger, and blogging isn’t for everyone. If you’ve been wanting to bulk up your resume as a freelance writer you can find gigs that pay per click or viewing that will allow you to make a little money here and there, and work on your own time. It’s not going to pay the bills, but it can help build a work history as a professional writer.
Some of these gigs will pay when someone clicks on an ad in your post, while others will pay by how many total people view your post each month. Make sure that you share your articles everywhere to attract as many views (and/or clicks) as possible.
Start Selling Online
You could make some money selling the things you no longer need, or you could collect some items that you know will sell at a higher rate than what you paid for them. There are many different sites online to sell things, and it can depend on what type of stuff you’re selling when it comes to deciding where to sell.
Maybe you can even make things to sell! People like buying handmade items, and one-of-a-kind art. Although you may find that you make more residual on these types of things during the holiday months than any other time of year, depending on what you’re creating.
Be A Landlord
If you have a spare room in your house you could make some monthly bank by renting that room out. There are plenty of people out there that can’t afford to rent an entire apartment and are willing to pay discounted rent to have a room in a home to call their own. Look into your local laws first though so you don’t get into any trouble.