internet business

Make 1 Dollar a Day

So how to do you make 1 dollar a day? Making $1 a day may sound like a joke to you, but when it comes to residual income, you need to understand just how powerful a simple dollar a day is.

The majority of us work for a living. We put in time and get money in return. It pays the bills and other expenses. $1 a day is peanuts compared to what you can make at any job, but it’s money that you don’t have to do much or any work to make. You can miss a day of work and make nothing. With residual income, you can miss a day of work and still make that dollar.

Systems

So let’s get down to it. How do you make 1 dollar a day in residual income? The answer is by creating and building a system that runs with or without you. This can come in many different forms as mentioned on some of my other posts. The key here is the system has to be able to keep running with or without you being present, at least most of the time.

You can have a business that brings in thousands of dollars a month, and that’s great, but if the business will die if you aren’t there, then all you have is working income. Owning a business doesn’t mean you have created residual income. That said, if you can build a system where your business continues to run even if you take a few months off, then you’re building the right income.

So what systems can you use to start making $1 a day?

If you’ve ever read about Warren Buffet’s childhood, you probably know that when he was a kid, he made money through a paper route. This isn’t uncommon of course, many kids have paper routes, but what made Buffet different from the rest was that he didn’t actually deliver the papers. What he did was went around the neighborhood selling subscriptions. Once he got the initial payment, he used that to hire other kids to deliver the papers for him.

Assuming that the subscribers stuck with the papers, if you did this, you can take off and still make money.

In this case, the key was having ongoing monthly income from a product. Think about your cell phone bill. You pay every single month to use your provider’s service and every month, the company collects money. The owner of the company just hired a bunch of people to run the day to day operations.

Here’s a test. Can having and operating an ice cream truck be turned into residual income? That depends on how you approach the business. If you just drove and sold, then no, all you have is a job. However, if you invested in a truck, hired someone else to drive and sell for you, and have another person get the supplies, then it can be.

Build Residual Income with an Internet Business

The simplest and cheapest way to build residual income is starting a website and then learn how to make money with Google Adsense. Keep in mind that I said simplest, not easiest. You wouldn’t believe how many people fail at creating ongoing income online. The promises of many advertisements are high, but in the end, people end up crashing and burning left and right.

Here’s the truth about creating residual income online. It takes a lot of time and patience. Time meaning don’t expect to quit your job anytime soon and patience because you will be sometimes be working for months without a penny coming in. The good thing is that once you get to the point of making some money, it does get easier the second or third or tenth time around.

Yes, you will most likely need to build multiple websites to make any decent amount of money. There are people who make tons of money with just one site, all residual, but that’s more of an exception than the rule. You want to increase your chances of hitting your goal of making residual income by just producing more.

Patience, hard work, and a little bit of luck can go a long way in helping you make 1 dollar a day in residual money for the first time. From there, the sky’s the limit.

There are many ways to create residual income. You just have to find and gather the knowledge on topics like how to make money online with Adsense, affiliate marketing, and other internet businesses or offline techniques like real estate investing, stocks, and business.

If you want to learn how to make money with an internet business, then read my Keyword Academy Scam or Not review.

4 Responses so far | Have Your Say!

  1. Richard  |  April 30th, 2012 #

    Hiya I liked the post and this is a real comment not a backlink. I am at the point where i “sometimes” earn $0.50 a day but they are becoming more regular. Would you invest in seo and backlinks etc or just keep writing original content and hope to nail a niche?

    For anyone else reading this I started 3 months ago I have 3 adsense websites and 60+ original articles and I have tried all the themes followed all the tutorials and I am only making $1 a WEEK. I am realising that it is only hard work that will win the day but here is something to think about i am earning $1 a week from my 3 sites. If i persevere and make 100 sites I will be earning $30/week something to think about.

    Thanks to the OP

    [Reply]

    Kai S. Reply:

    Hi Richard,

    Whether you backlink and do SEO stuff or not really depends on how long you’re willing to wait before the money comes in and how much risk you want to take. Some people are against backlinks and will only write quality content for their site and hope to get natural links. It’s risky because you can put years of work in and never really hit it big and even if it eventually becomes popular, it may takes years before you make anything decent.

    I would personally rather market my sites than hope people will somehow find them. As for building 100 sites, that’s a good idea. However, you’ll eventually find that maybe 5% of them will be winners. Once you find out which ones they are, focus all of your time on those and forget the rest. In fact, if you find a couple of winners well before you finish putting up 100 sites, I would just stop there and focus solely on those.

    This business is hard work and can sometimes be brutal and seem unfair but the rewards are worth it in my opinion. Good luck, Richard.

    KS

    [Reply]

    Richard - Gravatar
  2. Richard  |  May 1st, 2012 #

    Thanks for the reply i think your right about most wont get the clicks could you take a look at something for me I “thought” I did well here as it is ranked 4th on google uk with no SEO for a financial keyword.

    What would you say i needed to do to increase traffic or clicks as I am only getting 10 visitors a week =[

    the keyword recieves more than 2000 searches a month but no one goes to me and its original material written from experience.

    [Reply]

    Kai S. Reply:

    The main reasons why you’re ranking for that particular keyword (site url removed), is because it’s very low competition and you have an exact match domain. Also, when you use the Google keyword tool, make sure you choose the “exact” box and not the “broad” box. Your term actually only gets around 90 searches a month so that would explain why you’re only getting 10 visitors a week.

    Run the keyword again in GKT and choose “exact” this time, then go down the list and look for related keywords that have a bit more traffic. Of course, the higher the search volume, the harder the keywords will typically be to rank for. Does that help?

    [Reply]

    Richard - Gravatar

Leave a Feedback

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>