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.

Can you expatiate on the information marketing stuff?

My question is why are you stingy with FTC you are the OP yet you still want FTC.

this is another hot one coming from baba in the house. this are what should be making fp not some boobs and boots. Lalasticlala to the recuuuue

thesicilian:
Can you expatiate on the information marketing stuff?

yes. information marketing is simple. lets say you carried out a survey and find out that nairaland users want to know how to write very good articles. you can carry out a an extensive research about writing articles, learn to write, experiment your findings and confirm they work very well, package it as a training, ebook, video or audio guide and offer it to them. since they need it to get better, they will pay for it. this is it in a nutshell. it can be put in a million different ideas. hope you understand?

paschal47:
My question is why are you stingy with FTC you are the OP yet you still want FTC.

haba bro, i go just build house finish you no go allow me dance for inside small, you just want to start partying inside

femiabiolajamb:
this is another hot one coming from baba in the house. this are what should be making fp not some boobs and boots. Lalasticlala to the recuuuue

thanks femi. you are the boss. lalasticlala the thread is waiting for your blessings

importexpert nice thread...
How profitable is this importation business...
I always wanted to ask....
And that your EBook cost ooo...
reduce the price na... na Buhari era we dey...

importexpert:



yes. information marketing is simple. lets say you carried out a survey and find out that nairaland users want to know how to write very good articles. you can carry out a an extensive research about writing articles, learn to write, experiment your findings and confirm they work very well, package it as a training, ebook, video or audio guide and offer it to them. since they need it to get better, they will pay for it. this is it in a nutshell. it can be put in a million different ideas. hope you understand?

Yeah, perfectly. Sounds promising. Thanks.

generalbush:
importexpert nice thread...

How profitable is this importation business...

I always wanted to ask....

And that your EBook cost ooo...

reduce the price na... na Buhari era we dey...

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

thesicilian:

Yeah, perfectly. Sounds promising. Thanks.

i wish you success. if you have further questions they are always welcome.

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

Are you on WhatsApp??

So that I can add you up

generalbush:


Are you on WhatsApp??

So that I can add you up

yes am on whatsapp, but i respond to only those with my guide because of too many people to respond to. you can always call me or ask your questions here.

importexpert:



yes am on whatsapp, but i respond to only those with my guide because of too many people to respond to. you can always call me or ask your questions here.

Let me call you then....

Can I use the number on your signature??

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 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 tagged you here hoping you were going to say something-- https://www.nairaland.com/3335144/does-recession-benefit-nigerian-freelancers

generalbush:

Let me call you then....
Can I use the number on your signature??

ok.feel free to do so

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.

Nice write-up. Quite a few people are making money online, they receive through Skrill sometimes, freelancers, affiliate marketers, forexers, domain name sellers, and many more.

It's [size=15pt]LadyF[/size] again

[size=5pt]Make I go continue my search for Skrill funds...freelancers, forexers, biko epp me. N390/$[/size]

this is an example of network marketing in nigeria,"Earn money online by working part time job, earn up to ₦5,000 daily, 100% sure, guranteed and confirmed. Join at: coolnaira .com you can use "greatdaniel" as your sponsor

Ok

Na lie, d best way to make money now na mmm Nigeria, register today and enjoy

Need more info about mini importation

Visman:
Na lie, d best way to make money now na mmm Nigeria, register today and enjoy

lol

importexpert:


i wish you success. if you have further questions they are always welcome.

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.

Recycle topic upandan

Mod should stop moving this dude topic to FP

Thank you, I just learnt... And hre's another way.... Check the link below...