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License a business idea. In case you have a great 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 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.
Begin a YouTube channel. Even though the YouTube area is competitive, theres small overhead cost to begin. 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've got a natural eye for photography, then consider selling your photos to stock photography websites. 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 sites like Zazzle or even CafePress to put on all sorts of merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products sold.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites might be a great source of passive income for you.
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Sell graphic design files. Even Visit Website 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 tell Writers no longer need company website to await the attention of a writer to release their work. If 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 help 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 people are looking to furnish their houses on a budget and would 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 field of bird watching Produce an eCourse! Whatever 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 educators. Its something youre doing , so why useful content 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 write a guide for this.
Sign up for cash back credit cards. Many credit cards offer some sort of money back benefits, but finding one which offers the most rewards for your lifestyle is the key to maximizing your return.
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Advertise on your car. Some companies will pay money for ad space on your car. 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. In case youre comfortable sharing this information, it can be a terrific source of passive income that needs little to no effort.
Rent a room in your home. If you presently have an extra room in your home, rent it out. You can earn extra money with only some simple hospitality.
Shop with cash back sites. Shopping through websites which provide cash back rewards can be as effective as couponing, if not more! Simply shop as you normally would and earn money on your purchases.