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License a business idea. If you have a fantastic idea for a business or product, but dont have time to start it yourself, then consider licensing that thought. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Start house or pet sitting. This one is a kind of hybrid vehicle passive/active income source, but if youre going to be hanging out at home doing nothing, why not get paid to do it somewhere else Watch someones house and pets while theyre on vacation for a little additional money.
Start a YouTube channel. Even though the YouTube area is competitive, theres small overhead cost to begin. In case youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
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License your photos. When you have a natural eye for photography, then consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a client downloads one of your own photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce websites like Zazzle or even CafePress to place on all kinds of merchandise from t-shirts to mugs. Production is taken care of and youll earn a commission on the products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites might be a great source of passive income for you.
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Sell graphic design documents. Even amateur graphic designers can earn a passive income by designing and selling graphic design files such as icons or templates of all kinds.
Publish an ebook. Do you have a story youre itching to tell Writers no longer have to await the attention of a writer to release their job. Should you market your book well (think social websites ), self-publishing an ebook will earn you plenty of residual earnings.
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License music. For the musically inclined, licensing music, especially instrumental tracks, can generate a decent passive income and assist companies or video creators looking for high-quality sound.
Sell digital art files. To reduce overhead expenses and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser price. Many people are looking to furnish their houses on a budget and would happily print the artwork themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital marketing find out Create an eCourse! Are Continued you an expert in the field of bird watching Produce an eCourse! Anything you love, theres an audience on the market.
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Sell a lesson plan. If youre a teacher you can make a passive income by simply selling your lesson plans online to other teachers. Its something youre doing already, so why not talk about the knowledge
Make an online guide. If youre an expert in your field or have in-depth knowledge of how something works or how to fix something, you can write a guide for this.
Sign up for cash back credit cards. Many credit cards offer you some type of money back benefits, but finding one which delivers the most rewards for your lifestyle is the secret to maximizing your return.
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Advertise on your vehicle. Some companies will pay money for ad space on your car. All you have to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers track anything out of the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that needs little to no effort.
Rent a room in your home. If you already have an excess room in your house, rent it out. You can earn additional money with only some basic hospitality.
Shop with money back sites. Shopping through sites that offer cash back rewards can be as click to read powerful as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.