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License a business idea. In case you've got a great idea for a business or product, but dont have 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 house or pet sitting. This one is a sort 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 someplace else Watch someones house and pets while theyre on vacation for a little additional cash.
Start a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to get started. If youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your photos. When you have a natural eye for photography, consider selling your photographs to stock photography websites. 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 websites like Zazzle or CafePress to place 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 website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites 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 documents such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to inform Writers no longer need to wait for the attention of a writer to release their work. Should 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 video creators looking for high quality sound.
Sell digital artwork files. To reduce overhead costs 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 would happily print the artwork themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about electronic marketing Create an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Whatever you love, theres an audience out there.
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Sell a lesson click here to read plan. If you can try here youre a teacher you can create a passive income by simply selling your lesson plans online to additional educators. Its something youre doing , so why not share the knowledge
Make an online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how to correct something, you can write a manual 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 key to 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!
Participate in research studies. Get paid to let 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 which needs little to no effort.
Rent a room in your house. If you already have an excess space in your home, rent it out. You can make extra money with just some basic hospitality.
Shop with cash back sites. Shopping through websites which provide cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.