I’ve men­tioned the use of roy­al­ties to cre­ate resid­ual income streams before, but I found this arti­cle that men­tions a few more ways to bring in the dough.

This list really helps if you tend to be on the cre­ative side. There is no rea­son for you to be a starv­ing artist at all. So have fun and make money at the same time.

How to Cre­ate Sources of Resid­ual Income

In this tough econ­omy it seems almost every­one is look­ing for ways to sup­ple­ment their income. With more and more peo­ple los­ing their jobs and the cost of liv­ing increas­ing, many folks are turn­ing to the inter­net to seek sources of resid­ual income. For those of you who aren’t famil­iar with resid­ual income — this is a source of pas­sive income that comes keeps rolling in long after you have put in the ini­tial effort. Pre­vi­ously, only actors and authors earned “resid­u­als” for their work, but the inter­net has changed all of that and there are now many ways to make money online and cre­ate resid­ual income.

Instruc­tions

1. Sell Your Pho­tographs Online: If you have some basic pho­tog­ra­phy skills and have a good eye for cre­ative and unique shots, then you should con­sider sell­ing your images on some of the var­i­ous micro­s­tock pho­tog­ra­phy web­sites. You can sell the same images over and over again and cre­ate a con­sis­tent flow of resid­ual income. The more images you have in your port­fo­lio, the more money you can make.
2. Sell Your Writ­ing Online: If you are a free­lance writer or even if you just dab­ble in cre­ative writ­ing, you can sign up for a mul­ti­tude of con­tent web­sites that allow you to sell your arti­cles online. Many of these con­tent web­sites allow you to sell your arti­cles for usage, which means they can sell over and over again to inter­ested par­ties. In some cases, once you have sold a good amount of arti­cles on these con­tent web­sites — you will begin to get pri­vate requests for your writ­ing and this will allow you to charge higher rates.

Click here to read more »