subject: How to Create Online Wealth Quickly With the Best Residual Income Business? [print this page] How to Create Online Wealth Quickly With the Best Residual Income Business?
The internet revolution has created millions of millionaires, either directly or indirectly. Who would have imagined that it is possible for a mobile phone application developer to make five to six figures annual income today? The internet era has made it possible for anyone to create online wealth, making it possibly the best residual income business in my opinion.
What are the avenues?
Google Adsense
This is an advertising program by Google. Website owners who allow Google to place advertisements on their websites will get paid a nominal fee whenever visitors click on the links. Interestingly, this is still popular among many bloggers today. Although they are unlikely to create tremendous online wealth with it, many bloggers are happy to make some extra money to pay for their internet related bills.
There are however, a small number of bloggers who build a decent residual income business through this means by having multiple successful blogs with millions of hits.
Promote Affiliate Programs
This is probably one of the easiest ways to start. The concept is simple: recommend a product and get paid a "referral fee" upon every successful sale. Anyone who wants to take this path should consider signing up as an Amazon Associate if they do not wish to cough out any investment cost to maintain their own websites. However, no one ever gets rich promoting for Amazon.
Having said that, there are many successful Internet Marketers who managed to create online wealth through various Affiliate products promotion. It is still a great way to begin your online residual income business.
Create and Sell Your Own Products
Becoming a product vendor will make you the most money. There's no doubt that this is the best residual income business approach. It gives you an accelerated path to create online wealth quicker than any other means.
Some of you may say: "But I don't have my own product!"
The truth is that it is not difficult to outsource the product creation to someone else at a very nominal fee, especially if you intend to sell digital products such as eBooks. Most experienced Internet Marketers could get a new product created and put it online within 4 weeks.
Where Do I Start?
The quickest way to build your online residual income business is to learn from someone who has done it. Get a good mentor. Be wary though, that there are many internet scams out there that would dash your dream of building online wealth steadily.
