Residual Income

Residual income is a bit of a buzzword when it comes to generating wealth, especially online. It basically can be defined as money that continues to come in over time, long after the initial time/money investment.

A common offline residual source would be rental property, but I only own my house and have yet to be able to afford an additional property (though I hope to be able to in the next 5 years).

Adsense

I have started acquiring websites on Flippa.com, which is my equivalent of online real-estate. I have purchased three sites in the last six months to go along with the authority site on game rules that I developed myself.

You can see a partial list of daily earnings in the image above. Nothing huge, but it’s up to a nice cup of coffee everyday from that advertisement provider and more comes in from ezoic and Amazon Associates.

Lending Club

Lending Club is a peer-to-peer lending services that allows users to purchase small stakes (as low as $25) in loans at varying interest rates, depending on the credit history of the borrower.

I have had money in Lending Club for 18 months, and I have finally reached the threshold for automatic investing, so that every time I add money to the account or receive loan payments, my returns will be automatically invested/reinvested. My average return so far has been above 9%, which isn’t great when compared to investments in the crypto world, but is still worlds higher than other forms of low-risk savings.

Steemit

One worry I have about Steemit is that opportunities to monetize content beyond the initial 7 days are limited to various affiliate sales or driving directed traffic to other online ventures. Still I have been able to generate some residual income through delegating my Steem Power (which I have been investing in for the last month or so) for a daily Steem payout through minnowbooster.net. I am up to about .75 Steem per day through delegation--~ 1.10 daily. My hope is that I can continue to build my Steem Power and use Steemit as a platform for residual income as well as one-time income from the various blog posts.

How Do YOU Make Money Online?

So how do you make money online? I’d love to know of any opportunities that I might have missed, as well as just listening to your strategies for earning income.

Image Source (Coins): By Elembis (Own work) [Public domain], via Wikimedia Commons