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License a business thought. In case you have a great idea for a business or product, but dont have enough 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 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 home and pets while theyre on vacation for a little additional cash.
Start a YouTube channel. Even though the YouTube area is aggressive, theres small overhead cost to get started. If youre passionate about your chosen niche and supply value to your viewers, ad 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 websites. Once approved, youll earn royalties whenever a customer downloads one of your own photos.
Design t-shirts or other products. Create fun and trendy images for e-commerce sites like Zazzle or even CafePress to put on all kinds of merchandise from t-shirts to mugs. Production is taken 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 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 files 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 writer to release their work. Should you advertise your book well (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 founders looking for high-quality audio.
Sell digital art files. To reduce overhead costs and minimize supply chain logistics, design a piece of artwork or photography and extend a digital download for a lesser price. Many men and women are looking to furnish their homes on a budget and could happily print the art themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Produce an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Whatever 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 additional teachers. Its something wikipedia reference youre doing , so why not share 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 fix something, you can compose a manual for this.
Sign up for cash back credit cards. Many credit cards offer you some type of cash back more benefits, but finding one that offers the most rewards for your lifestyle is the secret to maximizing your return.
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Advertise on your car. Some companies will pay money for advertisement space on your vehicle. All you need 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 terrific source of passive income that requires little to no effort.
Rent a room in your home. If you presently have an excess room in your house, rent it out. You can earn extra money with just some simple hospitality.
Shop with money back sites. Shopping through websites that provide cash back benefits can be as effective as couponing, if not more! Simply shop as you normally would and earn money on your purchases.