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License a business idea. In case you have a great idea for a business or product, but dont have enough time to start it yourself, then consider licensing which idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Start home or pet sitting. This one is a sort of hybrid vehicle passive/active income source, but when 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 cash.
Begin a YouTube channel. Although the YouTube area is aggressive, theres little overhead cost to get started. In case youre passionate about your chosen niche and provide value to your audiences, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
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License your photos. If you have a natural eye for photography, then consider selling your photos to stock photography sites. Once approved, youll earn royalties whenever a customer downloads one of your own photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce sites like Zazzle or even CafePress to put on all sorts of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the products sold.
Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites could 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 documents like icons or templates of all kinds.
Publish an ebook. Do you have a story youre itching to tell Writers no longer need 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 sales.
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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 audio.
Sell digital artwork files. To lower overhead costs and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser price. Many people are looking to furnish their homes on a budget and could happily print the art themselves.
Create my latest blog post an eCourse. you can try these out An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Create an eCourse! Are you an expert in the subject of bird watching Create 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 simply by selling your lesson plans online to other educators. Its something youre doing , so why not talk about the knowledge
Create an online guide. If youre an expert in your field or possess in-depth knowledge of how something works or how to correct something, you can anchor compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer some type of money back benefits, but finding one which offers the most rewards for your lifestyle is the key 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 need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that requires little to no effort.
Rent a room in your house. If you presently have an excess space in your home, rent it out. You can make extra money with only some simple hospitality.
Shop with money back sites. Shopping through websites that provide cash back rewards can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.