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License a business idea. If you have a fantastic idea for a business or product, but dont have enough time to start it yourself, 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 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 money.
Start a YouTube channel. Even though the YouTube area is competitive, theres small overhead cost to begin. In case youre passionate about your chosen niche and provide 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. If you've got a natural eye for photography, then consider selling your photos to stock photography sites. Once approved, youll earn royalties each time 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 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 goods offered.
Create 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 files. 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 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 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 expenses and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser browse this site price. Many people 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 digital marketing Create 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 create a passive income by simply selling your lesson plans online to additional educators. Its something youre doing already, so why not share the knowledge
Make an online guide. If youre an expert in your field or have in-depth knowledge of how something works or how to fix something, you can write a manual for this.
Sign up for cash back credit cards. Many credit cards offer you some sort of cash back benefits, but finding one that 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 need to do is push 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, visit site it can be a great 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 additional money with just some basic hospitality.
Shop with money back sites. Shopping through sites which offer cash back rewards can be as effective as couponing, if not more! Just shop as you normally would and earn money on your purchases.