Using a blog and nothing else, it is very possible for a home business owner to rake in some very serious money. Actually a blog is such a powerful online marketing tool that you will actually need nothing else to achieve your dreams.
Blogs or web logs have taken the World Wide Web by storm and with good reason. Search engines, usually hungry for content, find plenty of it in blogs and therefore favor them. After all when most people enter a search term at their favorite search engine, what they are looking for is information and lots of it.
Then the other powerful characteristic that blogs have is that they tend to easily link to one another. The Google Page Rank or PR is based on the number of links pointing to your site. In fact every search engine you can think off ranks sites in search results based on the number of links they have pointing at them.
These two factors enable blogs to pick up sizeable traffic very quickly. Thus it becomes very viable to launch a blog based on pet subject or hobby and to fill it with useful content and then within no time the blog will be attracting a lot of traffic. It then becomes very easy to cash in on this targeted blog traffic and find ways to make money from home. For instance one can carefully select home business opportunities that are most relevant to the hobby and subject being covered by the high traffic blog site.
What is residual income? Residual income is a type of income regularly received after a one time investment of money, time, and effort. When an author writes a book, he will spend time working on it. When the book has been written, he will publish it online or offline. During this time, he needs to spend some amount of money in order to publish and advertise it. He might create a website for that purpose, or look for another one where he can post and advertise such a product. At first, it's all money out. There is no actual income at this point in time. But over a period of time, people start browsing and clicking the websites in which he advertised his book. When visitors get interested in his book and buy it, he will start making money especially when he becomes popular in his niche. Because of this, he receives a regular income even if he does not any more spend his time making another book. This type of income is called residual income.
Common to everybody, we have to work hard to earn some money. We all know that what we earned is commensurate with our work. It's an income, isn't it? This type of income is called linear income. Many are already satisfied with this income model because it's quick and guaranteed. Aside from that, we can control and anticipate the amount of income we can earn for a period of time and that gives us a basis for budgeting. However, it is limited because it is also based on our energy and time. Every day, we are awake for 16 hours. Assuming, we earn $25 per hour. We work 16 hours a day so it gives us a daily income of $400. After a month, we have $12,000. Of course we need to eat and take a shower every day. We change clothes and go to work while being stuck in the middle of the traffic jam. On top of that, this work includes Saturdays and Sundays. Even if we enjoy this busy lifestyle, where can you get any more time to earn more?