Quick Money or Residual Income
When people starts making money online, they may face a situation like this many times, where they have to decide whether to go for making some quick money right now or go for slow but steady residual income which will come with time.
Many people ask me how do I make money from this blog? Some advertisers who want to buy advertising space on my blog ask me why it always shows ’sold out’ or ‘not available’, even when I have Kontera and Casale Media ads running on my 125×125 banner space.
How do I make money? Or which type of money I prefer to make?
I try to make the “one time money” as well as “residual money” from my blog. Only two of my six 125×125 banners are sold to direct advertisers. On other four, I run banners from advertising networks (currently, Kontera, Casale Media, TNX, and ValueClickMedia) which make me residual income.
So, I have to choose whether I have to go for $50/month (one time) sort of revenue or should I increase my number of referrals on these advertising networks. These 4 networks combined makes me some good residual income (in middle $XXXX), as total number of referrals in these 4 network (combined) are more than 1000.
Other than these I make residual income from NeverBlueAds (making in $1XX/month), Market Health (making $3XX/month) and LE Cash (making $2XX/month). All these earnings are residual. Means, even if I stop promoting them today, my referrals will keep making money for me for the life time. If I keep promoting them, it will just increase with time.
But than, that does mean I never go for short term money. I do keep three banners (two 125×125 and one 468×60 footer) for sale, which bring in $150/month. Also, I do make one time money from various offers. Like for example I made $2XX from this pepperjam post and another $2XX from this back links post.
There are many other posts which are earning me good money as well. For example this and this post combined bring in around $5XX every month with CJ. And, this link still brings in $6XX in Adsense referrals (which is expiring soon). Then, this post on LPWhiz is making me around $48/month in residual income.
There are many other similar posts which I have made in the past, or similar programs which I have discussed in the post, which have either earned me some lump-sum in one go or they keep earning me residual income as of today.
So what sort of income do I prefer. Well, I prefer money coming in as residual income, but I also don’t want to leave any chances of earning the money in one go. But when there is a trade-off, I prefer residual income.
Residual income takes time and patience. Only one in ten or one in 20 of your referrals will actually make you money in long term. So, be patience and keep earning. Best of luck.
Welcome back!
Jim Karter on July 8th 2008 in Advertising Networks, Blogging, Earning Money, Internet Marketing
Related Make Money Online Posts:
23 Responses to “Quick Money or Residual Income”
Sponsored links from google adsense.
Armaan Bhati responded on 08 Jul 2008 at 4:05 am #
As always.
Thanks for these great tips.
I am making mostly quick money but now I will focus at money making in long term.
Abhishek responded on 08 Jul 2008 at 4:39 am #
Cool tips asusual, as u told both the types of money is required and as u say Never Miss an Opportunity. whichever opportunity comes just strike it is the key to make money and as this is online based so the faster the steadier makes more
Ajinkya responded on 08 Jul 2008 at 6:52 am #
does those Health Affiliates gets more review Jim ??
i’m just curious. i run gaming site wht kinda shld i got for ?
Zak Show responded on 08 Jul 2008 at 9:23 am #
What a nice post! I like your strategy and I think it’s the best that the majority of Internet marketers follow.
medical videos responded on 08 Jul 2008 at 10:21 am #
thank you jim for sharing these good tips
from my point of view residual income is better
as it may continue even if your site is offline
thanks also for market health site i will try it
Luke Jeffrey Smith responded on 08 Jul 2008 at 11:20 am #
Jim , Thanks for turning me on to Market Health I have been testing a few of there offers since you last broke down your earnings a few months back but I am not converting anything. I see now you are referring as a main sources of income to them - do you also run offers from Market Health ? Any success ?
harshads responded on 08 Jul 2008 at 11:29 am #
Thanks for posting this great article.I will mow focus on residual earning more.
Jim Karter responded on 08 Jul 2008 at 11:59 am #
@Luke Jeffrey Smith, yes I run their Wartrol offer on one of my site. It is running quite good for me. I also run some others offers from them. Also, the people who joined under me are also doing great. I even helped one or two of them helping them making more sales.
Luke Jeffrey Smith responded on 08 Jul 2008 at 12:15 pm #
Sounds good I will have to keep testing , happy to hear that you are not 100% referral earnings on that and run their offers. Too often blog personalities just do the referral earnings.
Make money responded on 08 Jul 2008 at 10:26 pm #
wow thats cool
I would have sold all the ad spaces.
I need to improve
Halim-Belajar SEO responded on 09 Jul 2008 at 6:07 am #
I had join Market Health but still didn’t do anything about it.. although their provide articles with the product but to rewrite it to avoid duplicate content seem time consuming.
Luke Jeffrey Smith responded on 09 Jul 2008 at 8:53 am #
@Halim-Belajar SEO
.. although their provide articles with the product but to rewrite it to avoid duplicate content seem time consuming.
I use their articles without editing
How bad is it to use RSS feeds as content on a blog is this really something to be avoided?
-Luke
Niz responded on 09 Jul 2008 at 1:50 pm #
For me the best residual income has been the paid signups on adult sites who continue their memberships for like forever.
Wine Gifts responded on 10 Jul 2008 at 12:15 pm #
Hey Jim-
Residual income is the best bet if you can get it. I have a few affiliate programs that I get monthly checks from that is always very nice.
There are more Clickbank publishers promoting their products using monthly billing so that opens up more ways to make that residual income.
-Adam
Carol responded on 10 Jul 2008 at 8:56 pm #
I never stop admiring your cool talent in making money online Jim.
Bloggers Paycheck responded on 11 Jul 2008 at 11:27 am #
Yea, I think this is an excellent post. Honestly, in order to make a decent income online, you need to mix things up in order to succeed, both short-term and long-term.
Halim - Belajar SEO responded on 12 Jul 2008 at 6:09 am #
OK thanks that’s very interesting
Free Link Exchange responded on 18 Jul 2008 at 2:06 pm #
Residual income is possible no doubts but you have to work hard dedicated Remember no Income without Investment
Remarkable Blogs I Like and Visit Frequently responded on 22 Jul 2008 at 4:42 am #
[…] Jim Karter’s Blog on How to Make Money Online […]
Cash Gifting Exposed responded on 17 Dec 2008 at 1:00 am #
Thank you jim for the post. I like your strategies.I think residual income is better
Tyrone – Internet Business Path responded on 07 Apr 2009 at 6:47 am #
hmmm… its a craving to have quick money right away, but residual income is also much considerable… to analyze it better, you can read my articles about it.
Remarkable Blogs I Like and Visit Frequently | Collectible Tiki Mugs | collectibletikimugs.com responded on 05 Jul 2009 at 12:17 pm #
[…] Jim Karter’s Blog on How to Make Money Online […]
Top Class Make Money On The Internet Blogs I Visit | Make Money On The Internet responded on 06 Jul 2009 at 4:25 am #
[…] Jim Karter’s Blog on How to Make Money Online […]