There’s little doubt that residual income is the best type you can have because it keeps coming in every month with very little (if any) extra work on your part. You basically do the work once and get paid forever! It’s typically passive and can usually be scaled up to an incredible amount. So it’s no surprise that passive residual income affiliate programs are among the most popular of all.
How Residual Income Can Change the Way You Think About Money
Imagine waking up naturally every day without an alarm blaring into your ears, rubbing your tired eyes, and trying to find the motivation to get up and go to work. Picture having the whole day before you to spend as you please. You can meet up with your friends for lunch, take your kid to the park, catch all the great weekday happy hour deals that no one with a 9-5 schedule is able to attend, laze around your home watching TV, or maybe even go on vacation on a whim – and all the while find that your bank account balance is increasing!
That’s not a crazy fantasy – it’s called “financial freedom” – And it can be accomplished through this thing we call residual income.
What is Residual Income?
Residual income, also referred to as passive income, is money that finds its way into your bank account as a result of past actions you have taken. In contrast, active income is a direct result of your efforts. Every day, when you get up and clock into work, you are earning active income.
Passive income would be the kind of income you gain while you are sleeping – as a result of something you’ve done previously, possibly even years after your efforts have taken place. Let’s say you write a book, produce a song, invest in real estate, or build an affiliate income business online. The money you earn every time your product or service sells – without you doing any extra work – is residual income.
It’s easy to see why passive income is the secret to financial freedom. Instead of working every day and getting paid every couple of weeks, you can put in a lot of effort at one time to produce something of real value, and reap the benefits for years to come – maybe even for the rest of your life!
Residual income allows you to change your relationship with money. Instead of working for your money, day in and day out, being tied to earning it, you can cut those ties, free yourself from the confines of the daily grind and live your life with true financial freedom.
How to Achieve Financial Freedom with Passive Income
Deciding that you want to achieve financial freedom with residual income is the easy part – actually doing it requires quite a bit of effort (at least in the beginning). But it goes without saying that the effort will pay off – literally – in the long run.
Building residual income begins with creating something that will continually earn you money in the long run. Create something great that you love – and that others will love – to watch the cash flow in for years to come!
Here are a few different types of residual income that people use to obtain financial freedom:
- Affiliate Programs (See Below)
- Royalties from movies, books, music, and more
- Rent money from tenants in real estate properties you own
- Investments in stocks and digital currency (ex: bitcoin)
- Profits from a SEO business you don’t have to actively run
Remember, most types of residual income will still require some form of upkeep. A landlord will need to repair and upgrade their property and keep their building occupied and tenants happy. A business owner will still need to check in with their managers/websites and look over the numbers to make sure things are running smoothly. Staying updated on your investment portfolio would be advised. And other things like that – depending on how you are earning said income.
However, the benefit of passive income is that you can take care of things on your own time and they don’t require your daily attention to continue being profitable!
Some of the top residual income opportunities for you to choose from:
ClickBank
This isn’t technically a recurring income program in itself. However, they do have a huge database of residual income affiliate programs (as well as many other types) that you can promote for free, and many of them do provide recurring earnings on sales.
No matter what niche you are in or what market you are targeting, you will be able to find something related to it at clickbank that offers recurring commissions. And clickbank university will teach you everything you need to know in order to earn a huge amount of residual income with the affiliate products on their site.
Wealthy Affiliate
This has been among our top overall business opportunities for several years, and for many reasons. Not only does “wealthy affiliate” teach you how to build a successful online business by taking your passions and developing them into honest, legitimate, and meaningful websites that generate residual income for you.
They also have an amazing affiliate program that allows you to earn a large percentage of each sale plus passive residual earnings every month from your referrals! This is a great system to build up a high monthly residual income in 2 different ways — By using their training to create a lucrative internet business and/or by promoting their affiliate program. I prefer both!
Cryptocurrencies
There are a lot of great crypto affiliate programs out there that can help you build a passive income by cashing in on the current bitcoin craze and the huge digital currency “gold rush” taking place right now! I believe this will be one of the best residual income opportunities in the world very soon.
There’s no doubt that bitcoin and other cryptocurrencies are here to stay, and will likely grow to become completely mainstream in the coming years, so getting in now is highly recommended. As more and more people start using, accepting, and investing in BTC — as well as other cryptocurrency — your residual income could skyrocket if you start promoting these types of affiliate programs now.
SFI Marketing Group
SFI has been among the top residual income opportunities that can be run 100% online for a very long time, and you can start for free. You will not have to make a single phone call or face-to-face sales pitch with this program. SFI is also a solid company associated with many huge names in the internet marketing world.
This was actually the very first online business opportunity that I ever joined way back in 2003. It’s where I got my start and I still make money from it to this day. There are many beautiful things about this program but my favorite is that it can provide you with residual income. There are millions of members worldwide and it has been one of the top affiliate programs on the internet for many years.
Site Build It! (SBI)
The Five Pillar Program from SiteSell is two-tier and pays incredible commissions on both tiers. You can receive lifetime commissions! Although, they do stop if you quit generating new sales, which is one downfall.
However, SBI achieves high customer retention rates by over-delivering on their promises. This is one of the most well-known and longest running affiliate programs of its kind. It’s a highly recommended residual income program to make money online and one of my best earners.
Best of the Best
Residual income affiliate programs are often the best way to make money online simply because you can do the same amount of work as other types of businesses but you continue to get paid a passive income over and over again for work you did just once. It takes the best of both worlds and combines them to make one amazing way to earn money!
