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License a business thought. 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 when youre going to be hanging out at home doing nothing, why not get paid to do it someplace else Watch someones home and pets while theyre on vacation for a little extra cash.
Begin a YouTube channel. Even though the YouTube space is competitive, 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 own photos. When you've got a natural eye for photography, then consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a customer downloads one of your photos.
Design t-shirts or other goods. Create fun and trendy images for e-commerce websites like Zazzle or CafePress to place on all kinds of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods sold.
Create website 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 imp source 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 need to await the attention of a publisher to release their job. Should you market your book well (think social websites ), 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 help companies or video founders looking for high quality audio.
Sell digital artwork files. To reduce overhead expenses 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 houses on a budget and could happily print the artwork themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital marketing Create an eCourse! Are you an expert in the field of go to this site bird watching Produce 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 create a passive income by simply selling your lesson plans online to other teachers. Its something youre doing , so why not share the knowledge
Make 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 write 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 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 push aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers track 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 needs little to no effort.
Rent a room in your home. If you already have an excess space in your home, rent it out. You can earn additional money with just some simple hospitality.
Shop with money back sites. Shopping through websites which offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.