5 Best Residual Income Jobs for Remote Workers

Side hustles and residual income jobs are becoming necessary for many families to ensure a stable and prosperous financial future. Residual income from remote work offers passionate and driven workers financial freedom and the flexibility to work from anywhere in the world.

The best residual income opportunities for you will align with your interests, knowledge base, and experience and provide constant income long after the initial contact with a client is signed. This will give you the chance to build on what you already know to boost your finances and achieve long-term financial stability.

1. Reselling Merchant Services

Gaining residual commissions from reselling merchant services is one of the top passive income ideas for young adults with a talent for sales and a passion for tech or the payment industry. The global digital payments market is booming, with its value expected to reach US$36.75tn by 2029. This means there’s never been a better time to become a merchant services reseller and capitalise on the growing demand for digital payment services.

What Is a Merchant Services Reseller?

A merchant services reseller acts as an intermediary between a payment processor and a merchant. The merchant services reseller handles the technical aspects of accepting credit card payments in online or brick-and-mortar businesses. The reseller will typically handle tasks like:

• Setting up merchant accounts: Obtaining approval from the payment processor.
• Providing payment processing equipment: Such as online payment gateways, POS systems, and credit card terminals.
• Offering technical support: Assisting merchants with troubleshooting issues and ensuring smooth payment processing.
• Providing customer service: Answering merchant inquiries and resolving any payment processing problems.

How Does a Merchant Services Reseller Make Residual Income?

A merchant services reseller makes residual income by selling credit card payment processing and payment gateways to companies that require their services. Choosing a merchant services provider that offers transparent terms for businesses and a comprehensive merchant services reseller programme ensures you’ll have the knowledge, training, and support required to sell its services successfully and start making credit card processing residual income every month.

Gaining a merchant services client with a residual income agreement provides you with continuous earnings in line with the commission you agree on, as long as the client continues to process payments. This makes it an excellent source of passive income, potentially becoming a base for long-term financial freedom.

2. Insurance Sales

Insurance sales is another potentially lucrative source of residual income for sales professionals or individuals with the drive to get into a sales-based role. Insurance is a huge industry that encompasses many different specialities like life, health, property, and casualty policies. This means that finding a niche that aligns with your expertise is easier than in many other sectors.

Many insurance companies offer resellers ongoing commissions when the customer renews their policy. This model tends to offer resellers a percentage of the premium when they first sell the policy. They’ll then receive a smaller residual commission each time the policy is renewed.

Insurance is an excellent choice for resellers as it’s a necessity for businesses and individuals alike. This means you can carve out a niche that plays to your strengths and interests. Insurance policies also tend to be long-term, meaning you’ll collect your residuals every time your clients renew their coverage.

3. Software-as-a-Service (SaaS) Sales

The SaaS market is a potential goldmine for residual income due to its explosion in relevance and popularity over the last few decades. Salespeople in the SaaS industry sell software product subscriptions to companies and individuals. This leads to recurring residual income for resellers when customers renew their subscriptions.

SaaS companies typically offer salespeople a commission when they sell a new subscription. This is in addition to a residual payout every month the customer keeps their subscription active. Naturally, this means the more clients you sign up, the more residual income you’ll earn.

Resellers will find an excellent option with SaaS reselling as they become part of significant digital solutions like cloud computing, CRM systems, accounting and project management tools, and many other types of software. A large number of businesses rely heavily on SaaS products for their everyday operations, making the reseller an integral part of their business. This makes it highly likely that your clients will renew their subscriptions, meaning you’ll reap financial rewards for your initial hard work for years to come.

4. Telecommunications Sales

Telecommunication sales primarily focus on selling services like internet, TV packages, or mobile phone plans. This industry also relies on subscription-based models, making it a great source of residual income for resellers.

Resellers earn a commission for every customer who signs up for a service. They’ll continue receiving this residual income for as long as the customer stays on the plan.

The main advantage of telecommunication sales is the essential need for telecom in today’s society. Between work and personal phones and internet connections, many individuals need multiple services. Customers also tend to be loyal to the provider they choose. This leads to long-term opportunities for earning ongoing residual commissions.

5. Home Security Sales

The home security and monitoring systems industry has robust potential for residual income. Resellers often earn residual commissions every month from the time a customer signs up for a monitoring service, on top of a one-time sign-on commission. The amount varies depending on the fee the customer pays.

This is an excellent option as homeowners tend to see security systems as a long-term investment in their family’s security. This means that once they’re installed, customers rarely cancel. This provides the reseller with a steady long-term income source.

Reasons to Choose a Residual Income Job

Choosing a residual income sales job isn’t only about making short-term money. Rather, it’s about building a base for your long-term financial stability and freedom. In simple terms, residual income allows you to work smarter, not harder, by reaping the benefits of your past efforts to create continuous income streams.

This model is so powerful for various reasons:

• Financial Security: Successful sales professionals build a steady cash flow that grows over time. This provides you with an invaluable safety net for when your circumstances change in other aspects of your professional or personal life.
• Long-Term Relationships: Residual income jobs provide long-term value to their clients. This leads to strong, profitable, and long-lasting business relationships.
• Scalability: The more clients you sign up, the more you’ll see your income grow. This creates a compounding effect that changes the nature of your role and the relationship with your clients. Long-term efforts mean you’ll spend less energy on finding new clients and more on nurturing your existing relationships.

Secure Your Financial Future With Residual Income

Building a portfolio of residual income streams is a powerful path towards financial freedom and location independence for remote workers. Exploring residual income opportunities empowers individuals to generate ongoing income streams while enjoying the flexibility and freedom of remote work.

Credit card processing reselling is a particularly lucrative way for salespeople passionate about Fintech sales roles to receive residual income. Partner with a merchant services provider that provides the tools for success and change the path of your financial future.