START EARNING PASSIVE INCOME TODAY!
Because there are so many paths you can follow with respect to generating income online, that it occurred to me that it might be worthwhile to give a little detail with regarding the things I'm doing - and the resources I consider indispensible - to generate passive and residual income. That said, here is my personal list of resources to use:
WebAnswers.com
This question-and-answer site pays you for you asking questions, as well as answering them. I consider WebAnswers to be outstanding not just because it's where I got my start in the realm of earning passive income, but also because of how quickly it came about. I joined and was - to be honest - rather ambivalent about the site, but despite my own lack of true effort I was making money a week later, and I have made money with them essentially every day since! (I've made over $200 since joining about 4 months ago; I think there were only two days when I didn’t earn any income, and I believe they were both on the weekend, when there's a lot less online traffic and activity.) That's why, in my personal opinion, I think WebAnswers should be everyone's first stop in the world of passive income.
InfoBarrel.com
InfoBarrel is article submission site that has 75% revenue-sharing (and this can go higher under certain circumstances). One of the best things about it is the fact that you can earn revenue from various sources - AdSense, Amazon and Chitika - and you can write about any subject under the sun. Moreover, there's no limit to the number of articles you can submit in a day (or ever). After WebAnswers, I think article-writing should wiithout question be the next step for just about everyone looking to earn passive income online.
Bluehost.com
Bluehost is a top-ranked web-hosting company. I use them for my own web sites, and I recommend them highly. For $6.96 per month you get unlimited domains and unlimited space (which is ideal for someone in my position, because I've got a lot of ideas for niche sites that I'd like to get developed asap). Of course you may be thinking, "Why pay for hosting when there are scores of places that will let me build websites for free?" That is certainly true, but of course a free website might come with restrictions and other unfavorable terms and conditions. For instance, some free sites won't allow you to display ads. Good luck monetizing that one... The long and short of it is that web hosting is actually pretty cheap, and for the freedom it gives you in terms of developing your niche (and monetizing it) it may be well worth the price. Plus, as the old saying goes, there's no such thing as a free lunch.
Hubpages.com
Hubpages allows you to build "hubs," which are essentially web pages. You can monetize your hubs (there’s 60% revenue-sharing) in several ways, including AdSense and Amazon affiliate links. It's free to join, and you’re allowed to build as many hubs as you like.
Squidoo.com
This is basically just like Hubpages, except the web pages you create are called "lenses" rather than hubs. There's 50% revenue-sharing in several ways (including AdSense and Amazon affiliate links).
Seekyt.com
Like InfoBarrel, this is another great article site with 70% revenue sharing.
Shetoldme.com
This is a social bookmarking site with 100% revenue-sharing. (Tough to beat that!)
Bukisa.com
Another awesome article site that has 60% revenue-sharing.
Infopirate.org
A social bookmarking site with 80% revenue-sharing.
Instant Article Wizard
This is incredible article-writing software that not only does research online for you, but will having you cranking out articles at an unbelievable rate. There's nothing better for overcoming writer's block, and you will even be able to write articles on topics you are completely unfamiliar with.
The Best Spinner
Fantastic article-spinning software that lets you to create lots of original and unique content from every article you write.
Market Samurai
Incredible software that let’s you perform in-depth keyword research and analysis. Saves you time, money and effort by identifying the high-profit niches that you should focus on.
Unique Article Wizard
Another outstanding piece of software that automaticallylets you post to hundreds of article directories and blogs. A must-have for anyone truly serious about marketing their articles.
***For anyone considering (or currently doing) article writing, I strongly recommend that you take a look at Instant Article Wizard, The Best Spinner, Market Samurai and Unique Article Wizard. I believe they are absolutely essential if you want to achieve quick and lasting success. Using just The Best Spinner and Unique Article Wizard,I was able to propel my niche site to the first page of Google for my keywords in less than a month!!! Since then I've remained on the first page (and have even touched #1 a few times). I firmly believe that these are items you must have in your virtual toolbox.
Niche site
I have one niche site up at the moment, but it's generating income on almost a daily basis, so I'm pleased.
Amazon.com
It's great being partnered with one of the world's largest retailers.
Books (self-published)
I've got two books published at the moment, but I'm really doing much promotion (and probably would not have even mentioned them were it not for the fact that I had a sale).
You can find out more about how my passive and residual income efforts are working out by visiting the Passive Pursuit of Income Blog.