importexpert:
With the dwindling nature of the Nigerian economy, one will have no option than to shed tears for both the unemployed and under employed masses. instead of news of 20,000 5000 or 500 people being employed, the most common news these days are, either zenith bank sacking 1200 employees or first bank sacking 2400 employees or oil companies sacking 18500 people and so on. this series of downsizing by Nigerian companies is becoming too alarming and Nigerians need to embrace online alternatives for creating passive income.

Remember that the internet is like a vineyard where their is fruit for all. the more your contribution the better your fruit will be. In this article, the Nairaland community will discover 5 ways to build residual income on the internet. Residual or passive income is that income source that keeps paying you on a consistent basis with very minimal effort.

1. Affiliate Marketing

Affiliate marketing is an income sharing partnership between a merchant and an affiliate marketer. In this type of business, the affiliate marketer agrees to promote or sell the merchants products and a certain percentage is paid to the affiliate marketer in the form of commission. You can build residual income with affiliate marketing by promoting products that pays commission on a recurrent basis. There are so many affiliate networks around where you can easily find the right products to promote.

2. Network marketing

This type of business leverages on the power of people, imagine having a chain of people whose effort keeps paying you on a consistent basis. Network marketing is an efficient way to build residual income fast. Reason being that by having lots of people in your network that keeps duplicating your effort, it means your income source also multiplies as the number of people in your chain increases. The beauty of network marketing is that your income source will keep paying you for as long as there are people still working in your network. Lots of legitimate network marketing businesses abound online today, you only need to get on board and start building your own residual income streams.

3. Information marketing

Information marketing is the art of selling info products in the forms of eBooks, videos, audio, seminars etc. The key work here is selling solution laden products to people who need them. Man will continue to have problems in all facets of life. Hence, he will seek solutions to these problems. This is where the information marketer comes in, he sells the solution to people's problems. By continuously churning out valuable products, the information marketer is able to build passive income on the internet.

4. Blogging

You can build a continuous income source by becoming a blogger. Simply discussing about a popular topic has the potential of driving lots of traffic to the site, you can incorporate various sources of income to the site. As long as it is in an evergreen niche, people will keep visiting the content and the income streams will continue to generate passive revenue.

5. Mini-importation

This stream of income avails you the opportunity to provide a solution driven product that your customers have been wanting to have. you will keep having consistent follow of income if you continuously keep providing appropriate products that will satisfy the needs of your customers.

each of the above steps are deep rooted, you will need to embark on your personal research to succeed in any of them. you can feel free to ask all your questions in the comment section.

OP just nailed it in a good order.

It is very to start points one and two with no cash down. I mean with zero kobo.
All boils down to finding a genuine need in the market place. A strong reason to help people genuinely and money will automatically flow even in recession.

Points 3 to 5 needs some cash but cool to venture into as it is very easy to get started with proper guidance.

thesicilian:
Yeah, perfectly. Sounds promising. Thanks.

. Change

thesicilian:

Yeah, perfectly. Sounds promising. Thanks.

. Change!!! Don dey mk una tink op petty petty business abi?

Same old story...
And to think the Mods even moved this to fp.

oteneaaron:



OP you didn't mention the the Boss of all of them-- FREELANCING .... been a freelancer is the best online Business anyone can venture into. You sell you skills and get paid....


Nice Post though..

I am coming

Freelance...
Social Media Management and Online Reputation Management can fetch you serious income

breadwinna:
Sport betting is another legal way to make extra income,but unfortunately,people seem to criticize it.I built my house with money i won from sport betting,and it is still paying my bills even now.Money from sport bet is like a free money placed somewhere and a Lion is asked to guide it.So u have to play cautiously to pick that money or u become a sweet food for the lion.Now from my experience so far,to win big in sport bet u must do some of the following.1.If u are man,avoid women,pornography,and Masturbation.2.U must learn how to GIVE out,render help when u have the opportunity .Follow these two rules and u r on ur way to winning big.

How does the above hinder you from winning big in sport betting ?
It's interesting to learn that you built your house with betting. Share some tips.

importexpert:
With the dwindling nature of the Nigerian economy, one will have no option than to shed tears for both the unemployed and under employed masses. instead of news of 20,000 5000 or 500 people being employed, the most common news these days are, either zenith bank sacking 1200 employees or first bank sacking 2400 employees or oil companies sacking 18500 people and so on. this series of downsizing by Nigerian companies is becoming too alarming and Nigerians need to embrace online alternatives for creating passive income.

Remember that the internet is like a vineyard where their is fruit for all. the more your contribution the better your fruit will be. In this article, the Nairaland community will discover 5 ways to build residual income on the internet. Residual or passive income is that income source that keeps paying you on a consistent basis with very minimal effort.

1. Affiliate Marketing

Affiliate marketing is an income sharing partnership between a merchant and an affiliate marketer. In this type of business, the affiliate marketer agrees to promote or sell the merchants products and a certain percentage is paid to the affiliate marketer in the form of commission. You can build residual income with affiliate marketing by promoting products that pays commission on a recurrent basis. There are so many affiliate networks around where you can easily find the right products to promote.

2. Network marketing

This type of business leverages on the power of people, imagine having a chain of people whose effort keeps paying you on a consistent basis. Network marketing is an efficient way to build residual income fast. Reason being that by having lots of people in your network that keeps duplicating your effort, it means your income source also multiplies as the number of people in your chain increases. The beauty of network marketing is that your income source will keep paying you for as long as there are people still working in your network. Lots of legitimate network marketing businesses abound online today, you only need to get on board and start building your own residual income streams.

3. Information marketing

Information marketing is the art of selling info products in the forms of eBooks, videos, audio, seminars etc. The key work here is selling solution laden products to people who need them. Man will continue to have problems in all facets of life. Hence, he will seek solutions to these problems. This is where the information marketer comes in, he sells the solution to people's problems. By continuously churning out valuable products, the information marketer is able to build passive income on the internet.

4. Blogging

You can build a continuous income source by becoming a blogger. Simply discussing about a popular topic has the potential of driving lots of traffic to the site, you can incorporate various sources of income to the site. As long as it is in an evergreen niche, people will keep visiting the content and the income streams will continue to generate passive revenue.

5. Mini-importation

This stream of income avails you the opportunity to provide a solution driven product that your customers have been wanting to have. you will keep having consistent follow of income if you continuously keep providing appropriate products that will satisfy the needs of your customers.

each of the above steps are deep rooted, you will need to embark on your personal research to succeed in any of them. you can feel free to ask all your questions in the comment section.

Some one mentioned drop shipping. Do u have any info on how it works ?

Surveys is another small income fetcher in developed countries,, but sadly its not available here in Nigeria

@importexpert, i'm really begging, can I send you a private message about number 4 of the points you mentioned? I really want a serious guide about how to make money on it!

rubochi:
Domain Name flipping, is the mother of them all. The online biz you can start with $8.88 today buy one name at uniregistry.com today and sell tomorrow at sedo.com for $500 or more. The profit margin is over 1000%

See example: Lagossians.com was bought about three months back for $8.88 and put for sale at $9,979, today i have offers above $4,000

I will teach only 10 prospects this biz. WhatsApp me on 08096788990,08030859082.

why do people paint things to be so easy when am very sure this poster has not eveb made a dime from this

vislabraye:


How does the above hinder you from winning big in sport betting ?
It's interesting to learn that you built your house with betting. Share some tips.

Bro,honestly,i cant answer that question directly,but i know avoiding the highlighted part made a big change to my betting outcome.I am married with children,at times i will deliberately refuse to sleep with me wife 4 some weeks.Initially she did not like the idea not until she started seeing results.Now 4 example i got about 265k about a month ago,i removed 26.5k which is exactly the 10% and put it in an envelop and pay it as my tithe to my church,that same week,more than a 100k came to me from the same sport bet.I give out freely and God has been doing wonders. Pls note here that i dont have any reason to lie,the simple truth is what i have just stated.I dont know if this rules apply to me allow,i will urge u to try it 4 urself and wait for the outcome.

breadwinna:
Sport betting is another legal way to make extra income,but unfortunately,people seem to criticize it.I built my house with money i won from sport betting,and it is still paying my bills even now.Money from sport bet is like a free money placed somewhere and a Lion is asked to guide it.So u have to play cautiously to pick that money or u become a sweet food for the lion.Now from my experience so far,to win big in sport bet u must do some of the following. 1.If u are man,avoid women,pornography,and Masturbation 2.U must learn how to GIVE out,render help when u have the opportunity .Follow these two rules and u r on ur way to winning big.

Wetin concern that one with winning sportbet?

Anyway e go sweet if you fit dey give me games o

Nice op. Let me also add that one can also make money through writing for online publishing. Some of these organisations pay per 500-1500 words for $50-$800 dollars depending on which organisation you wish to write for. The first thing you must posses is good writing skill and ability to convince readers. Friend, no need of asking anyone about this, just check the word up on google and you are on your way to making it. I wish you good luck!

adekalumichael:
Nice op. Let me also add that one can also make money through writing for online publishing. Some of these organisations pay per 500-1500 words for $50-$800 dollars depending on which organisation you wish to write for. The first thing you must posses is good writing skill and ability to convince readers. Friend, no need of asking anyone about this, just check the word up on google and you are on your way to making it. I wish you good luck!

Thanks Man, I'll Check That Too! What Should I Search On Google Abeg

I will like to go for mini importation but how do I go about it

nice post... I encourage networking because that's what is putting food on my table. but at the beginning it needs much courage. if you need to start something legitimate not those dollar wise z task rubbish.. something real. call or message me

sheyguy:
Isn't mini-exportation more profitable than mini-importation in a time like this? If you export $1,000 of service or product that's N400K. In importation that will require some level of time, money, and marketting-effort investment.

Are you into the business?

6...... Verizon-----verizon

joey150:

Wetin concern that one with winning sportbet?
Anyway e go sweet if you fit dey give me games o

Don't Mind The Thrash Tip, I Don't Do Sport Betting Neither Am I Thinking Of Doing It, What His Saying Has Absolutely Nothing To Do With Sport Betting, The Best Way To Gain From Sport Betting Is Partnership So What He's Saying His Rubbish!

Allow me to take you by the hand and show me how to make extra income online using only your internet enabled Device. This will in no way interfere with your daily job @ all as you would only be required to log into your account once daily @ anytime of your choice to do certain tasks. These tasks will not take up to 10 mins. There are no hidden charges and this is not about selling e-books to anyone. I will give you all you need to earn in this biz and I will be more than willing to provide u with infallible proofs if you want just to show you that I earn from this biz myself and I am ready to show anyone how to do the same. If you are interested, call or whatsapp me on 08067801104.

aninexzy:
. Change!!! Don dey mk una tink op petty petty business abi?

Hahaha. Wetin man go do now? Anyway i don't think there's any petty business that doesn't have the potential of blossoming into a mega biz if well managed.

importexpert:
thinking of where to start from? you can see my extensive work on importation at www.importsng.com

Just gone through your website. Everything looks tempting. The price ur attaching to products u get from those websites seems to good to be true. I might be wrong tho cuz i havent ventured into it

importexpert:


despite the cost of dollar, competition is currently very low in the market. this is because many importers do not know the way out. with the very cheap sites i discussed in the guide, the business is very profitable

What about the quality of the good? I will not want to sell goods to customers and end up being chased up and down

Selling in Amazon from Outside USA is a goldmine