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License a business thought. In case you've got a fantastic 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 home 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 house and pets while theyre on vacation for a little additional money.
Start a YouTube channel. Even though the YouTube space is competitive, theres small overhead cost to get started. In case 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. If you have a natural eye for photography, consider selling your photographs to stock photography websites. Once approved, youll earn royalties whenever a client downloads one of your own photos.
Design t-shirts or other products. 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 good care of and youll earn a commission on the products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites could 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 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 publisher to release their job. If you market 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 assist companies or see here now movie creators looking for high-quality sound.
Sell digital artwork files. To lower overhead costs and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser price. Many people are looking to furnish their houses on a budget and would happily print the artwork themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about digital marketing Create 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 you can try this out a passive income simply by selling your lesson plans online to other educators. Its something youre doing , 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 compose a manual for this.
Sign up for cash back credit cards. Many credit cards offer you 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 need to do is push aroundwhich youre probably doing anyway!
Participate 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 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 make additional money with only some simple hospitality.
Shop with cash back sites. Shopping through websites which 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.