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a big list of real residual income streams

 
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Here's something some may have not thought about. How about making things, such as furniture, signs, etc from freecycled pallets. Then sell these for cash.
 
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john mcginnis wrote:Probably one of the most powerful residual income producers is -- the franchise. Most will think McDonalds or Subway. But one does not have to be that fancy to have a franchise op. If there is some thing you make as a sideline item on the homestead it is probably a candidate to be franchised. Your personal reach for your product is limited to your area but franchise your effort and it goes national at an organic rate. They come to you for the training, you get some free labor, show them the tooling needed etc. They pay you the franchisor say $100/yr or whatever. Rinse, repeat. 50 little agreements like that, its $5k in your pocket you did not have before for something you are already doing.



A few years ago I looked into franchising my business. Franchising is highly regulated in the U.S. and just getting it set up can cost several hundred thousand dollars. So you really can't franchise a small business.

That being said, if you are careful and do your homework, you might be able to figure out some way to get similar income. If you think about open source and how companies make money giving away their primary product for free you should get some ideas like getting paid to help people start their own small business or providing support.
 
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So...I was just reading the comments on a favorite podcast, and someone asked the podcaster to provide transcripts, as he is hearing impaired.  That particular individual (like many podcasters) is a one-person show on a small budget, and she said she had no plans to offer transcripts.

I'm thinking one could type up transcripts, put them on a website and make them accessible for a small subscription fee, providing links back to the original podcast and show notes so the reader still sees all their affiliate links, etc. (This would probably require some kind of contract with the podcaster for use of their material - any advice on how/where to get such legal guidance?)
 
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Most of the suggestions have nothing to do with permaculture, you could do that with anything like fitness as mentioned. The second thing is that it does not generate real money, because everyone does about the same - you can find thousands 'how to make sauerkraut' recipes on the net often one copied from the other.
Do leafletting for gardening jobs you get good money and your clients are close together which saves you driving.
Craft something and go to the market some people make a real income with that.
Sell your surplus vegetables.
 
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This thread seems to be wandering off topic again.

Can we keep the suggestions to ones for RESIDUAL income, not general income, ie ones that keep money trickling in after they've been set up without any more active involvement.
 
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So...I was just reading the comments on a favorite podcast, and someone asked the podcaster to provide transcripts, as he is hearing impaired.  That particular individual (like many podcasters) is a one-person show on a small budget, and she said she had no plans to offer transcripts.

I'm thinking one could type up transcripts, put them on a website and make them accessible for a small subscription fee, providing links back to the original podcast and show notes so the reader still sees all their affiliate links, etc. (This would probably require some kind of contract with the podcaster for use of their material - any advice on how/where to get such legal guidance?)



I don't have advice, but this sounds like it could be a good idea!
 
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Hey Paul,

New here to this place and you. I'm truly without words how excited I am to have found you and what y'all are doing up there.

Have you been posting any blogs, videos, or podcasts to Steemit? If not, this would be a great time to jump in and earn a it of coin.

I use to live at The Garden of Eden and they've been posting on Steemit for almost a year now and have an account value near $25k.
You can find them on Steemit here.

But this just doesn't go for you, anyone can make their mark on the blockchain!

 
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Burra Maluca wrote:This thread seems to be wandering off topic again.

Can we keep the suggestions to ones for RESIDUAL income, not general income, ie ones that keep money trickling in after they've been set up without any more active involvement.



Actually, I think what this thread is shooting for is passive income (income that you earn without being actively involved) rather than residual income (the amount of income that an individual has after all personal debts and expenses, including a mortgage, have been paid). That might be causing some of the confusion/wandering.
 
pollinator
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I think the issue here is these income streams are kind of difficult to think of outside the realm of digital products as most tangible products don't involve complete automation from manufacture through to distrubution. Though this will likely change in the future.

Anyway I thought of some more non digital ones:

Check if you have a 'wayleave' on your land for utilities connected to your land. We have a electricity pole on our land already established when the house was bought, this supplies ourselves and our neighbours and we are entitled to money from the electricity grid company for effectively renting this out to them.

If you have other utilities on your land you could in certain circumstances do similar things for your neighbours. You could come to an agreement for accessing a road or you could provide them with water from your spring instead of them having to drill a bore hole.  

 
Thyri Gullinvargr
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Presuming you're on the grid, make more power than you use and sell it back to the grid.
 
Henry Jabel
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So I got a suprise £53.22 today from Ebay today for buying my client a mower and a spare battery. Originally I sent the link to him to buy the mower but I ended up buying it and I invoiced him later. So obviously that means I can make more links for stuff I am going to buy for myself and clients and get paid for it!

£50 for a few minutes work is a rate I can work with

I probably would not have looked into this were it not for the podcast and this thread. So I am off to buy more videos on here to help support the empire!

 
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Hmmm..I wonder if I could monitize all the stupid jokes I've written on various forums over the years. Perhaps my lack of willingness to actually bother to get around to monitizing my stupid jokes? It seems that other people like to read about my expoits of basic laziness..
I'm not completely lazy. I do do work. I'm just better at not doing it than I am at doing it.
 
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Angelika Maier wrote: The second thing is that it does not generate real money, because everyone does about the same - you can find thousands 'how to make sauerkraut' recipes on the net often one copied from the other.



This is a real concern. A lot of these ideas sound like those too-good-to-be-true "work from home" schemes. In 2007, Tim Ferriss wrote The Four Hour Work Week, which had a lot of very similar ideas to the ones posted here. But for every success story, how many others tried the same thing and failed? There is a limit to the market for blogs on any given topic, and likewise e-books on any given topic.
 
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We not only list a LOT of residual (or passive) income streams, but we talk in great detail about how to get started with them, and lots of related stuff

 
paul wheaton
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Al Miller wrote:Hey Paul,

New here to this place and you. I'm truly without words how excited I am to have found you and what y'all are doing up there.

Have you been posting any blogs, videos, or podcasts to Steemit? If not, this would be a great time to jump in and earn a it of coin.

I use to live at The Garden of Eden and they've been posting on Steemit for almost a year now and have an account value near $25k.
You can find them on Steemit here.

But this just doesn't go for you, anyone can make their mark on the blockchain!



Somebody was here a few months ago and pushed for steemit.  I have put a tiny bit of effort there and so far am not seeing much in results

https://steemit.com/investment/@paulwheaton/interview-with-jacob-lund-fisker-author-of-early-retirement-extreme

What i have done is post some stuff, wait a few weeks and then go look at the traffic for my stuff.   Not much.  

I think what i would prefer is that somebody enjoys steemit, and they put my stuff at steemit, and they make the money you are talking about.

 
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paul wheaton wrote:
818:  take hundreds of pictures and post the best pics on a stock photo site for money.  Then post low res versions all over the internet, complete with a link to your stock photo stuff.



I take an average of a hundred photos a day.  At least ten of them are good enough to use.  about .5% is amazing.  

I started a new thread in hopes someone might help me learn how to transform my photos into money.
 
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Thank you for this thread. Because of it, I have expanded on my residual income streams. I have already self-published over 20 books & journals, and have over 100 POD T-shirt designs on Amazon. However, I've been looking to diversify my income stream platform because I don't want to rely almost 100% on Amazon.

I've branched into selling Math notes/worksheets/lessons on Teachers Pay Teachers (made less than $20 so far with under 20 items for sale...The seller commission is high!) I've been toying with the idea of how to market my TpT and decided that YouTube was the best way to go. While checking out other YouTubers in my niche, I stumbled on others that offer online tutoring services on Wyzant. Not passive income but I think it makes a nice circle of income streams that advertise each other. So the YouTube lessons advertise TpT & Wyz and vice verse. Eventually, I hope that I'll have enough views & subscribers to monetize the YouTube as well.
 
paul wheaton
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Change your permies.com signature to be an affiliate link to a thing (maybe one of my things).  
 
paul wheaton
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I updated the list.

Anything I missed?  Any new ideas?  Any typos or duplication?
 
r ranson
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paul wheaton wrote:I updated the list.

Anything I missed?  Any new ideas?  Any typos or duplication?



You could add this link to item 818 https://permies.com/t/100056/hundreds-pictures-post-pics-stock
 
paul wheaton
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r ranson wrote:

paul wheaton wrote:I updated the list.

Anything I missed?  Any new ideas?  Any typos or duplication?



You could add this link to item 818 https://permies.com/t/100056/hundreds-pictures-post-pics-stock



Done!
 
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Purchase land which contains a pipeline corridor. Sell easements. It can be quite profitable. The Hlavinka family does this. They just won a landmark eminent domain appeal which establishes the practice of buying land for the purpose of selling easements as the highest and best use. I'm no lawyer. See Hlavinka v. HSC for details. This link discusses the case within an agricultural context.

https://www.orangeleader.com/2020/03/06/the-hlavinka-case-and-the-importance-of-judicial-engagement/
 
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Hi! Wow much information in this thread!
So I did as Paul said and my signature is, I think a link to a product of him. So now it is beneficial for Paul but I don't get anything through the link right? Unless someone buys e link in my signature? Or it has to be an affiliate program/link?
I don't have much knowledge about those things.
But thanks to this thread and others I am getting some ideas also for a (maybe) residual income!
Thank you!

Edit: nope the signature didn't worked out! Haha
But I can see it on my profile... ?
 
paul wheaton
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Silke,

First you need to sign up for the permies.com affiliate program:  https://permies.com/forums/affiliate/list

And then add your affiliate code to your link.  

Then, if anybody buys the book from your link, you get the affiliate coin.
 
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