Do you already own your own membership site?

If not, you need to create one as soon as possible -- private membership sites are the perfect combination of residual income and leverage.  You get the residual income from the monthly fees charged to your members, and you get the leverage of working once and earning hundreds or even thousands of times from that one-time effort due to the multiple members of your site.

Look inside yourself for specific knowledge or skills that you could teach to others on a weekly or monthly basis.  Even if you do not have the knowledge yourself, you do have the skills to gather that knowledge from all over the planet and list it in one place - your membership site.  The best topics for these membership sites are narrow in scope, and specialized in nature - one example is antique furniture collection.  The knowledge required for this business is very specific, and difficult to gather - a private site that provides such information would be worth a monthly fee for many people.  Those monthly fees add up quickly, and each new subscriber you add gives you an incremental increase in your total revenue since you don't have to start over from zero each month.

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