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License a business thought. If you have a great idea for a business or product, but dont have enough time to start it yourself, then consider licensing which 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 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 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 begin. If youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your own photos. When you have a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties whenever a client downloads one of your photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce sites like Zazzle or even CafePress to put on all kinds of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the products sold.
Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites might be a fantastic source of passive income for you.
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Sell graphic design files. Even amateur graphic designers can earn a passive income by designing and selling graphic design documents like icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to inform Writers no longer need to await the attention of a publisher to release their work. If you market your book nicely (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 movie creators looking for high-quality find more sound.
Sell digital artwork files. To lower overhead costs and minimize supply chain logistics, design a piece of art or photography and offer 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 artwork themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal 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 on the market.
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Sell a lesson plan. If youre a teacher you can make a passive income simply by selling your lesson plans online to More hints 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 fix something, you can compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer you some sort of cash back benefits, but finding one which delivers 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 have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track 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 requires little to no effort.
Rent a room in your home. If you already have an extra room in your house, rent it out. You can earn extra money with only some basic hospitality.
Shop with cash back sites. Shopping through sites that offer cash back rewards can be as powerful as couponing, if not more! Simply shop as you normally would and earn money on your purchases.