The truth is that there are tons of options for you to pursue. These are real, viable channels that actually work, but the best residual income opportunity is the one that solves a real problem in a topic you’re going to be passionate about for a long time.
The fact that affiliate marketing helps you turn virtually any interest or hobby into residual income is one of the characteristics that makes it so attractive to many people. Learn more on how to do this with a free training.
The road to success, as they say, is not paved in gold, so in this post I want to give you a glimpse of the stages you’ll go through on your quest to find the best residual income opportunity.
Stage 1: Indecision
Indecision is the first step you’re going to take. If you’re reading this blog, chances are you’re probably at this stage right now.
During this stage you’re intrigued by the idea of starting a passive income business, but aren’t convinced that this is a real opportunity you can pursue. You’re probably worried about falling for scams and only half-believe anything you read online.
Getting through this stage takes a huge leap of faith. Personally, I spent about 2 years thinking about building an online business without ever starting. Now my biggest regret is not starting sooner.
The most important thing you can do is simply to take action.
Stage 2: Education and Enthusiasm
Once you decide to jump into the deep end, you’re going to go through a phase of extreme enthusiasm and excitement about your website and the possibilities it creates.
During this stage, it’s extremely important that you find a good course to help you work through the details of building an affiliate business and make sure you have all your bases covered.
The knowledge you learn during this stage will be a key factor in setting your business up for profitability and success!
Your best bet to start out is to take advantage of these 10 free affiliate classes.
Stage 3: Just Keep Going
The third stage is definitely the most difficult, and one of the reasons most people fail to earn money online.
At this point, your initial enthusiasm for developing a residual income opportunity into a real business begins to wane, and you’ve not yet seen the results you’ve been hoping for.
You just have to keep going.
This is a completely normal phase and has to do with how new websites grow over time. This drop in motivation is one of the main reasons why I strongly recommend you join an affiliate community.
That way you’ll be able to push through this stage more easily, since you’ll have a support network and group of experienced individuals to help you out.
Stage 4: Initial Success
Finally, after a few months of diligent work, your site will begin to break out of stage 3 and begin to see better search rankings, more traffic, and a sharp increase in income!
Your motivation will come back now that you’re starting to see that earning money online isn’t as hard you as you thought, and are encouraged to keep going.
At this point you need to leverage that motivation to continue working on your site. These are just the early days of success, and the real wealth is just around the corner.
Step 5: Residual Income
After you’ve seen your initial success, you’ll start to realize that your income continues to grow regardless of the work you’re currently doing.
Congratulations! You’ve reached the stage of residual income!!!
At this point you can repeat the process to grow your earnings more significantly, or sit back and relax and just make the occasional update to your site in order to keep things fresh.
Your income from the site will likely remain stable for quite some time.
Think you can push through each of these stages, find the best residual income opportunity for you, and build a passive income business online?
Yes, you can!
The basics aren’t hard to master. If you check out Wealthy Affiliate, which has a great free course, and you’ll be on your way before you know it!