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How To Earn Residual Income Efficiently

How To Earn Residual Income Efficiently

Residual income is often also referred to as, “passive” or “recurring” income. Indeed, money makes the world go ’round. What better way to earn money than through letting money work for you even while you sleep? Surely, no greater method is available or even imaginable. The key here is to work smarter, not harder. Industriousness is required and you should be prepared to be very persistent. A common method of steadily earning residual income is through royalties earned from a book, song composition, software, or mobile application. Types of recurring income are not limited to royalties. Here are ten methods to begin earning.

1. Affiliate Marketing

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    Basically, an affiliate connects a customer with a desired or needed product. The affiliate is responsible for marketing to drive sales to the retailer. It is best to purchase a domain name and build a user-friendly website to draw customers and convert them to purchasing the chosen product. Build interest through pay-per-click advertising, content articles about the product, and through posting on forums with a relevant website link.

    2. Auto-Responder Lists

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      Appeal to a target audience through offering regular newsletters about the service or product only you can provide. Offer some free advice on marketing or tips on business-related tools. Offer the first part of a how-to e-course free to generate traffic. Through brief, yet constant contact, your blog becomes invaluable to your audience. Don’t be timid in offering a bit of free advice to build a dedicated audience.

      3. Membership Community

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        Charge a monthly or annual fee to offer members access to exclusive advice or products. Sell your expertise through exclusive podcasts, offering live FAQ sessions through Skype, or forums. You may want to try selling a monthly subscription to allow users to sample new products, similar to a book club. Frequent interaction increases interest and helps build membership through word-of-mouth.

        4. Arbitrage Services

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          Develop a website to purchase and then sell services, such as content articles or purchasing a product at a low price and then reselling it.  Another option is to sell the web design service. Sign a contract with an expert and sell the service to others. This type of business is low-risk and has virtually no start up costs. Sites such as eBay or Etsy.com offer products that can be purchased at a very low cost and then resold to gain a profit.

          5. Sell Informative E-Books

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            Cultivate little-known DIY projects and ideas that are needed by consumers.  For example, provide tips and tricks on self-improvement or weight loss. Develop your website to cater to the type of information you want to sell. Build your e-mail newsletters at the same time and up-sell a monthly subscription. You will have effectively rolled three services into one great profit.

            6. Pay Per Click

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              This is perhaps one of the most talked about methods of earning a passive income. Essentially, you advertise for others through inserting a link in forums, through social media, and of course through your own site. There are several software packages available for purchase, including Google Adsense, Bing, and Yahoo.  These types of ads can be used to attract consumers of a particular gender, age, and individual interests.

              7. Customer Referrals

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                Earn residual income through referring consumers to an established product or service. Use your site to advertise to the company or companies you are interested in providing referrals for. Referral efforts can be coupled with informative e-books, seminars, or articles about the product or service. Build your newsletter lists in the same manner, the difference being that you are directing consumers to a third-party business.

                8. Squidoo Lens

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                  This may be a method that is unusual. Drive traffic to your lens the same as you would your blog. Link to your lens on social media platforms, like Twitter. The more people that know about the lens, the more that are apt to visit and purchase. The lens can also be used to promote products on e-bay or CafePress. Write a short description of the product and its unique uses and sell away.

                  9. Increase Saving Rate

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                    This method may seem quite obvious. However, you may be surprised at the number of people who overlook this simple method of earning a residual income. Most banks require a minimum daily balance, which may be why many skip this method. However, your money is literally working for you in this way and money is earned while you do absolutely nothing.

                    10. Franchise

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                      Of course, there are large fast-food, pet store, and other enterprises that cost a great deal. However, consider a DVD rental machine, soda, or gum ball machines as more passive avenues to income. These require little maintenance, coins, bills, or revenue collected via credit cards, as well as periodic refilling of machines.  These machines are, perhaps, one of the more lucrative paths to a passive income with little input from you.

                      Featured photo credit: todayisthatday.com via titdcdn.todayisthatday.com

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                      Last Updated on April 19, 2021

                      40 Healthy And Really Delicious Meals You Can Make Under $5

                      40 Healthy And Really Delicious Meals You Can Make Under $5

                      Ever had those moments where you really wanted to eat something delicious and healthy but didn’t have the financials means to do so? Whether you’re a student or parent, this compilation of 40 great, healthy, and inexpensive recipes will make every night special and help you get fit! No more meals where you have to force the food down! It’s time to make that budget your best friend and turn it into great recipes. Enjoy!

                      1. Fish Tacos in Crunchy Shells ($3.56 per serving)

                      Is there a better way to end the day than a Fish Taco dinner filled with protein and nutrients and is easy on the wallet? This recipe calls for a boys’ or girls’ night in front of a good movie or game.

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                        2. Mini-Meatball Noodle Soup ($3.43 per serving)

                        We’ve heard of the delicious spaghetti and meatballs recipes, but imagine having that same meatball goodness in a soup? It’s like Christmas in a bowl. Healthy, warm, and only $3.43 per serving.

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                          3. Spaghetti and (Vegan) Meatballs ($2.13 per serving)

                          Now it’s time to look at the traditional spaghetti and meatballs recipe, but with a little twist: vegan meatballs. This way, you can enjoy the Italian tradition without adding on the extra calories. I’m sold!

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                            4. Kabocha Squash and Lentils ($3.12 per serving)

                            Absolutely delicious way to end the day with a Kabocha Squash and lentils dinner. The beauty of this recipe is that you can actually make many other things from the mixture, from dips to full-on meals. All under $5 per serving.

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                              5. Baked Coconut Lentils ($0.91 per serving)

                              Coconuts are always a good idea, but it doesn’t have to be eaten only for dessert or breakfast. With this great recipe, you can now eat a lunch or dinner filled proteins and a coconut twist. Yum!

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                                6. Easy Marinated Roasted Chicken ($3.40 per serving)

                                We love chicken and at less than $5 per serving, we are in heaven with this recipe. Add some vegetables and rice on the side and you’ve got yourself a full meal!

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                                  7. Organic Greens and Goat Cheese Gratin ($2.36 per serving)

                                  This is absolutely divine. You get in your healthy greens and your fat macros with this great recipe. Takes only a few minutes to make and it’s easy on the wallet. Bon Appetite!

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                                    8. Beef Pot Roast ($3.22 per serving)

                                    One word: perfect. This meal will warm your insides and fill you up with the high protein content.

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                                      9. Fajita-Style Quesadillas ($0.43 per serving)

                                      If you want to eat Mexican tonight but want to stay in your budget, this Quesadilla recipe is your best friend. It’s tasty and filled with healthy ingredients for less than a dollar per serving.

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                                        10. Fish Tostadas with Chili Lime Cream ($2.82 per serving)

                                        Another great lunch idea for the busy days ahead. Prep this in the morning or the night before and you’ve got yourself a healthy and cheap lunch meal!

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                                          11. Beef and Black Bean Chili ($1.36 per serving)

                                          Might not look like much, but this amazing chili is actually extremely healthy for you. The protein from the beef and the carbs from the black beans will fill you up in no time, and keep you full for a long period of time. Delicious and warm, just right for the winter!

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                                            12. Crispy Fish and Peppers ($2.18 per serving)

                                            Amazing recipe for anyone looking to change up their meals while keeping their macros in check and not going overboard on spending. Satisfies your crunch tooth (see what I did there?) and gives you all the protein you need to stay full and lean.

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                                              13. Vegetarian Gumbo ($1.50 per serving)

                                              You have the perfect macro mix here with the carbs, fats, and proteins. At less than $5 per serving, you’ve got yourself a meal that will last for the whole week!

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                                                14. Mexican White Bean Soup ($0.99 per serving)

                                                With the cold weather creeping in, it’s not a surprise that soups are coming back in style. This great Mexican White Bean Soup dish will keep you warm for winter without making a hole in your pocket.

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                                                  15. Black Beans with Mango & Cilantro ($0.38 per serving)

                                                  Mangoes make every dish a little bit sweeter, which is why we absolutely love this recipe. A normal rice and bean dish might be a little meh, but add the sugary taste of mangoes and you’ve got yourself a party!

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                                                    16. Bean Burritos ($0.71 per serving)

                                                    If you’re having people over tonight and don’t want to spend too much time or money on food, this dish is a great option! You can even cut up the burritos into pieces and make finger foods while everyone’s watching the game or gossiping.

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                                                      17. Five-Spice Beef Kabobs ($2.43 per serving)

                                                      The spices in this recipes add a delicious twist to the beef kabobs, which is definitely worth trying!

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                                                        18. Cornmeal Crusted Pork ($1.92 per serving)

                                                        If you like the fried crunch but want to opt for a healthier alternative, cornmeal is your man. This healthy recipe will satisfy all your fried desires without making you pop open your pant’s button.

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                                                          19. Chicken, Tomato & Cucumber Dinner Salad ($2.57 per serving)

                                                          Easy to do, extremely healthy, and super delicious. A must-try!

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                                                            20. Lentil Soup with Beef and Red Pepper ($1.90 per serving)

                                                            I can’t believe how cheap this meal is, especially for all the nutrients it contains. You can make a big pot on Sunday night and divide it into small portions to last you a whole week.

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                                                              21. Smoky Mushroom Stroganoff ($1.90 per serving)

                                                              Craving pasta but not sure what to top it off with? How about smoky mushrooms with a twist?

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                                                                22. White Bean Tuna Salad ($1.36 per serving)

                                                                You can add this White Bean Tuna Salad in your sandwich or just eat it as-is for a quick lunch on a busy day.

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                                                                  23. Sausage Eggwiches ($0.80 per serving)

                                                                  Who says you have to eat fast food to get an eggwich? This delicious recipe will give you an amazingly healthy eggwich for less than a dollar per portion. Can you say Breakfast?

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                                                                    24. Baja-Cali Black Bean Salad ($1.17 per serving)

                                                                    Great snack to add to a movie-night with friends. You don’t have to use chemically-processed salsas anymore, you can now use this homemade salad for your chip dips.

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                                                                      25. Gnocchi, Sweet Corn & Arugula in Cream Sauce ($2.24 per serving)

                                                                      Italians always knew how to make carbs look good! This delicious Gnocchi recipe will give your lunch a whole new meaning. Easy to make and only $2.24 per serving.

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                                                                        26. Vegetable Lasagna ($1.73 per serving)

                                                                        If you were looking for a healthy lasagna, you’ve just found it. At under $5 per serving, you can fill yourself up right away without putting on the extra calories.

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                                                                          27. Fajita-Ranch Chicken Wraps ($2.05 per serving)

                                                                          Don’t know what to make for lunch this week? How about delicious chicken wraps with a healthy ranch? This recipe will make all your lunches, even the quick ones, healthy and colorful.

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                                                                            28. Quinoa with Pan Roasted Brussels Sprouts ($1.24 per serving)

                                                                            A dish that has quinoa and brussel sprouts can’t be unhealthy, it just can’t, which is why this dish is one to keep in the books. Easy to make, healthy, and will keep you full for a long period of time.

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                                                                              29. Butternut Squash Chili ($1.04 per serving)

                                                                              You don’t need meat to make chili now that you have this recipe! It’s 100% healthy, filling, and smells absolutely delicious.

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                                                                                30. Fast Shrimp Bisque ($2.03 per serving)

                                                                                Seafood doesn’t have to be expensive if you know how to do it right, and this fast shrimp bisque is a great recipe to try if you’re in the mood for some seafood!

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                                                                                  31. Chicken-Noodle Casserole ($0.98 per serving)

                                                                                  Looks divine doesn’t it? This super easy to make dish will satisfy all your taste buds without burning a hole in your wallet or adding a few extra numbers on the scale.

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                                                                                    32. Burrito Cups ($1.18 per serving)

                                                                                    Entertaining someone tonight and don’t know what to make as appetizers? These burrito cups are a great alternative to chips or other greasy finger foods. All you need to enjoy it is a spoon and a cup.

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                                                                                      33. Lemon-Dill Shrimp & Pasta ($2.45 per serving)

                                                                                      Another impressive shrimp recipe under $5 per serving. The lemon-dill twist adds a great taste to the dish.

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                                                                                        34. Potato Frittata ($0.87 per serving)

                                                                                        If you want to eat potatoes for breakfast but still want it to be healthy, this is the recipe for you. At under a dollar per serving, this potato frittata will make you see potatoes in a whole new light.

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                                                                                          35. Grilled Pork and Pineapple ($2.67 per serving)

                                                                                          Meat and fruits? Oh, yes. The juiciness of the pork mixed with the liquid sugar in the pineapple will make you wish you knew about it sooner.

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                                                                                            36. Greek Honey-Lemon Pork Chops ($2.15 per serving)

                                                                                            Another splendid recipe mixing sweet and salty for a healthy meal. Easy to make and absolutely mouthwatering.

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                                                                                              37. Jamaican Pork Stir-Fry ($2 per serving)

                                                                                              You can add this healthy stir-fry to any dish as a side or amply enjoy it as-is for lunch or dinner. You can even make a wrap sandwich out of it if you’re in a rush to eat.

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                                                                                                38. Herbed Salmon ($2.49 per serving)

                                                                                                Salmon contains a healthy dose of fats that will boost your metabolism, lower inflammation, and make you happier. At under $5 per serving, need I say more?

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                                                                                                  39. Five-Spice Pork Kabobs ($1.96 per serving)

                                                                                                  Exquisite recipe under $5 per serving that will most definitely awe everyone at your dinner party.

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                                                                                                    40. Stuffed Sweet Potatoes with Mango-Black Bean Salsa ($1.24 per serving)

                                                                                                    You don’t have to eat sweet potatoes alone anymore with this flavorful recipe.

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                                                                                                      Featured photo credit: Featured Photo Credit: 5 Dollar Dinners via 5dollardinners.com

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