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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 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 passive/active income source, but when youre going to be hanging out at home doing nothing, why not get paid to do it someplace else Watch someones house and pets while theyre on vacation for a little additional cash.
Begin a YouTube channel. Although the YouTube area is competitive, theres little overhead cost to begin. In case youre passionate about your chosen niche and provide value to your audiences, ad 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, consider selling your photos to stock photography websites. Once approved, youll earn royalties whenever a customer downloads one of your photos.
Design t-shirts or other products. Create fun and trendy graphics for e-commerce websites like Zazzle or even CafePress to put on all sorts of merchandise from t-shirts to mugs. Production is taken care of and youll earn a commission on the products offered.
Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites could be a fantastic 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 like icons or templates of all kinds.
Publish an ebook. Do you have like this a story youre itching to inform Writers no longer need to wait for the attention of a publisher to release their job. Should you advertise your book nicely (think social media), 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 art files. To reduce overhead expenses and minimize supply chain logistics, design a piece of artwork or photography and extend a digital download for a lesser cost. Many men and women are looking to furnish their houses on a budget and could happily print the art themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital marketing Produce an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Anything 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 , so why not talk about the knowledge
Create an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to correct something, you can 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 that offers the most rewards for your lifestyle is the secret to find maximizing your return.
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Advertise on your vehicle. Some companies will pay money for advertisement space on your vehicle. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers monitor anything out of the shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be try this a great source of passive income which needs little to no effort.
Rent a room in your house. If you already have an excess room in your house, rent it out. You can earn extra money with just some simple hospitality.
Shop with cash back sites. Shopping through websites which offer cash back rewards can be as powerful as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.