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February 25, 2020

Residual Income for Freelancers

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Have you ever heard about making residual income as a freelancer? Residual income refers to money that you can get without having to do extra work for it. Here's an example: you might make a theme for WordPress and sell various copies of it, but you actually only had to work in the beginning, when you made the theme, right? Well, any money that you make after that will be considered as residual income since you didn't have to put in any extra effort to get that money.

If you are a freelancer, then you should really aim for residual income as an addition to your other freelance work. Not only will you make more money, but you will also make great use of your spare time - and who can say 'no' to that?

Fortunately, there are many ways you can get residual income, a lot of which can really help you as a freelancer. Read on.

Here are several things you can try:

  • Offer some type of subscription service, like WPDesigner's Themes Club.
  • Make some flash elements that you can sell at FlashDen.
  • Make themes on Wordpress and sell various copies of it.
  • Start a website or a blog on something that you are interested in, try and get a lot of traffic onto it every day, and get money through affiliate programs, private advertisements, or Adsense.
  • Make scripts and sell them on your blog or website.
  • Write a top quality eBook with valuable content and sell several copies of it.
  • Make a website full of templates and sell various templates there that you made yourself.

The best part about all of this is that it doesn't matter what kind of freelancer you are. You can be a freelance writer, freelance designer or freelance coder, but you can still get residual income. In fact, your freelance field can be in a very tight niche and you would still be able to get residual income while working on other types of work. You just have to think outside of the box.

I personally find residual income to be extremely valuable, so you really shouldn't take it for granted. Even earning a very small amount of residual income can mean a whole lot in the long run since it tends to accumulates pretty fast without you noticing or thinking about it. Plus, if you get to create some kind of business out of it by selling script copies or designs, you can also create something valuable that you can keep selling later on for more money, as well. Think about it.

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Steve Hall
June 23, 2011 - 8:19 am
I am a freelance photographer in the UK and really value my residual income. It can be a life saver if you have a down turn in freelance work and tide you over during these periods. My residual income isn't actually related to the work I do, but because I am out talking to people most of the time when I am working I can always bring my other part-time work into the conversation, especially as it can save people money or earn them money. Check out the site - this is UK based only.
June 22, 2011 - 5:49 am
Kudos to you! I hadn't tohught of that!
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