Residual Income Goals and Plans
My Residual Income blog posting has been infrequent, I know, and I hope my kind readers aren’t terribly disappointed in me. Between my family, home, and online work I am trying to balance everything and fit in frequent blog posting, but I do fall short sometimes. Here’s an overview of what I’ve been up to in my efforts to build my residual income to $50,000 a year (still have a ways to go!)
My husband and I are writing a licensing course for professionals in the insurance field. I know that’s a little vague, but hopefully I’ll be able to share more details as the project progresses. There is a good long-term, consistent income potential with this product, although we will get only a portion of the tuition cost each student pays to take the course.
I’ve started experimenting with Squidoo, another revenue-sharing, user-driven content site. The main difference between this site and eHow is that Squidoo’s revenue is primarily via affiliate sales , with some additional advertisement money; conversely, your income on eHow is primarily from Google adsense and other ads on the site, with some bonus earnings from affiliate marketing if you utilize the resources section. Squidoo is an excellent way to integrate Commission Junction products into your content with an attractive presentation on a well-ranked site. There are built-in modules for eBay products and Amazon items. The site pays you 50% of the revenue your Lens (article) brings in through the modules that you customize and additional money from the ads on the page.
When you add your own cj.com or Clickbank affiliate links, you keep 100% of the earnings. A Squidoo user by the name of PotPieGirl has written an extensive guide to earning significant income on Squidoo. She is legendary on Squidoo, and her lengthy ebook goes beyond Squidoo in scope. She earns a substantial income by marketing affiliate products, primarily through Clickbank. I have started reading this ebook and plan to review it here on the blog shortly.
On eHow, I took a couple months off writing with no detrimental effect on my monthly earnings. In fact, I had a few great affiliate sales in addition to the regular eHow ad earnings via my eHow articles. I plan to keep adding several new eHow articles each week. It’s so simple to do, and the income has been very good for me thus far, so I’m still working toward my $2,000+/month eHow goal. I could do it more quickly but since I am branching out with other projects, my pace has slowed.
My niche sites are going well. They need more content as most one only have a handful of pages. Still, my Google Adsense earnings from niche sites are now averaging about $3/day, so I should be making the $100 payout almost every month and as I add more content, my average will hopefully increase in time.
I’m putting off writing my second ebook/ first print book until I get my main writing project — the licensing course –completed. I’ll keep you posted!
What are your current goals and projects to build long-term residual income? I’d love to hear your comments, below!
I’ve been fooling around with Squidoo lately,too. I actually found a module that will let you add in several clickbank products according to category. http://www.squidoo.com/clickbank-module
So far, no sales, but the lenses are getting indexed and I’m starting to see some hops.
I’ve been enjoying stumbling across your blog. It’s great seeing how well you are progressing from writing your e-book, to now a licensing course for insurance professionals. I also really enjoyed seeing how squidoo can be helpful as a means of using adjunct marketing with clickbank!
Steve’s last blog post..A Key Success Factor to Render Your Weaknesses Irrelevant
Sounds like everyone is busy working on all sorts of projects. Have you thought of outsourcing any of your work? I decided to give it a shot on one of my niche sites and put some of my earnings back into it. Should be interesting.
Good luck on the course!
passive family income’s last blog post..Green Business – A Passive Income Opportunity?
Well, we miss you at eHow but I hope you find much success where ever this venture takes you. I’ll be following!
Out of everything I have done over the past year (blogging, ecommerce site, Twitter, etc) I have had the least success with Squidoo. I’ve worked on it day after day and never got more than 10 visits in one day and the typical day, I have gotten 0 visits.
I have checked out the forums, followed the suggestions but I guess I’m not cut out for Squidoo.
I am very interested to see how you’ll do though!
Carla’s last blog post..Eco Fashion: Clothing Swapping – On and Offline
HURRAY!! You’re back.
Did you know that your site had been gone for several days? Can you tell us what happened? And, how you solved the problem?
Thanks & welcome back.
Glad to have you back writing. I was wondering what this mysterious project was going to be.
Glad to know. I am till focusing primarily on eHow. Blogging jut didn’t prove too very profitable for me yet. But on eHow, using your ebook’s advice I am on track to break $300 a month this month even though I had to travel a lot the last two months (just in eHow earnings not affiliate sales). Otherwise I think I would be at around $450-$500 a month in per click earnings. This is just part time for me, so that is fantastic as far as I am concerned. By early next year I should be able to walk away from it with $1000 of residual income. But, I don’t plan on quitting there. 
Thanks for all your help!
I can’t write.So I’m more focus in my website to generate residual income.ehow,squidoo,articles .. definitely not for me.
What a refreshing post! You seem to be plying some tried and true methods to earning residual income. I particularly liked your progress bars on the side. I have been working with Squidoo myself lately. I also like Hubpages.com. Similar format, but a nice twist on the concept. Ehow is where I got started. I am now seeing my whole online residual income take off, but it all started with Ehow.
Cheers!
So I feel kind of dumb that I haven’t really checked out your site before today. You post really good blog posts, something to aspire to really. thanks for the great content, and of course, the awesome ideas! lol