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License a business idea. In case you have a fantastic idea for a business or product, but dont have time to start it yourself, then consider licensing that 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 home and pets while theyre on vacation for a little extra money.
Start a YouTube channel. Even though the YouTube space is competitive, theres little overhead cost to begin. In case youre passionate about your chosen niche and provide value to your audiences, advertisement placements and sponsorship opportunities can help you earn a sizeable 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 websites. Once approved, youll earn royalties each time a client downloads one of your photos.
Design t-shirts or other products. Create fun and trendy graphics for e-commerce websites like Zazzle or CafePress to place on all kinds of products from t-shirts to mugs. Production is taken good care of and youll earn a commission on the goods sold.
Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites 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 documents such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to tell Writers no longer have to await the attention of a publisher to release their work. If you advertise your book nicely (think social media), 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 movie creators looking for high quality audio.
Sell digital artwork files. To lower overhead expenses and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser cost. Many men and women are looking to furnish their homes on a budget and could happily print the art themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have i loved this a great deal of knowledge about electronic marketing Create an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Whatever you love, theres an audience out there.
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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 additional teachers. Its something youre doing already, so why not talk about the knowledge
Create an online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how to fix something, you can compose a guide for this.
Sign up for cash back credit cards. Many credit cards offer some sort of cash back benefits, but finding one look at here now that 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 have to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from your shopping habits to you sleeping patterns. If 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 home. If you already have an extra space in your home, rent it out. You can earn extra money with just some simple hospitality.
Shop with cash back sites. Shopping through sites that provide cash back rewards can be official statement as effective as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.