What is Residual Income and Does it Really Exist?
If you have a membership with Day2DayTips.com (or similar shared revenue websites) it is a little silly that you would be asking such a question. But, the truth is there are a lot of people writing and earning on D2D and similar sites without realizing exactly what it is you are doing! And that’s alright!
So, what is residual income anyway?
Residual income is defined as a stream of money that you continue to earn even when you are not currently working. Renting houses, having a savings account, and writing articles for shared revenue websites (such as the one you are visiting right now) are all examples of ways you can earn residual income.
Wouldn’t it be nice if you could earn money doing nothing?
If you are willing to work really hard for several years, you can set yourself up to be in a place where you are getting paid to do nothing. I firmly believe that if someone puts a solid 5-10 years into writing for shared revenue websites (as well as starting their own blog) they can put themselves in a place where they do not have to work every day to make the money they need.
The reason why I suggest having your own website/blog is the fact that you never know if a shared revenue website you love will be here 5-10 years from now. I’m sure we would all love for Day2DayTips or some of our other favorite sites to continue to be here, but that really depends on the owners.
Look at the Long Term Picture
For the sake of this article let’s say you write articles for four different shared revenue websites:
- Daily Two Cents
You compose 10 articles a day and spread them out over these three sites (all requiring unique content means the article only gets posted on one of the sites, but you get the idea). So, you have just posted 10 articles a day which ends up being roughly 300 articles a month. You do this for the next five years.
In five years you would have 18,000 articles published across these three sites. Even if you only earned 1/2 cent per day per article you have published, you know you would be making $90 a day? Or roughly $32,400 a year? Sounds like great money right?
IS THAT REALLY POSSIBLE?
Of course residual income is possible. The biggest thing you have to do is make sure you save your articles somewhere other than just where you publish them. This way if a website that you write for suddenly takes a turn for the worst, you have all of these articles that you can use and publish somewhere else. You just have to wait a couple months for them to de-index and suddenly you have fresh and new content again. Once they de-index on the search engine it means the content is not published anywhere on the Internet!
I think that a person could live off of residual income if they really wanted to. You just have to be willing to work really hard for a few years. Anything is possible.
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