Three Free Ways to Generate Residual Passive Income

Having a residual passive income is becoming of increasing importance. Everyone would like the extra cash that can be generated in order to achieve financial freedom. Financial freedom means debt-free lifestyle, more time spent with family and friends, and better quality of life.

But you probably have a question about how you can generate residual passive income without paying loads of money.

There are three ways that have generated a lot of residual passive income to many people. These ways are proven to work and they are free of cost.

1) Having Royalties on E-Books

Writing an e-book is easier than many people think. If you have a certain amount of knowledge about a specific product then you can put this knowledge into an e-book. An e-book does not have to consist of many pages. A simple e-book can consist of 15 or 20 pages. You can start at this level and increase the volume as you go.

Being the author of an e-book gives you the royalty to sell this book online. Submit your e-book to any e-book publishing directory over the web, like www.e-library.net and start generating residual passive income.

2) Writing Articles

If you find that writing an e-book is kind of high level authoring, then it would be a good idea to write articles. Articles can be posted for free on article hosting websites such as http://www.ezine.com/ or http://www.goarticle.com/.

Articles hosting websites allow you, as an author, to include information about yourself in what is called the resource box. In this box you can enter your website address, if you own one, or your affiliate link, in case you do not own your own site.

Whenever the reader goes to the link and makes a purchase, cash is generated.

3) Pay-Per-Click

Pay-per-click is a way to get paid for ads that you have on your website. There are many companies, such as Google, that are ready to put advertisements on your website. Every visitor who visit your site and clicks on the advertisement, the advertiser will pay you a certain amount.

You don’t have a website? No problem. There are websites that help you to build your own website easily and free of cost. Have a look at http://www.yola.com/.

Mentioned above are free ways to make a potentially big amount of residual passive income. There are a lot of other ways that needs cash to be invested. When you are comfortable with generating money for free you can invest some of the returns to generate more residual passive income.