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License a business thought. 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 home or pet sitting. This one is a kind 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 home and pets while theyre on vacation for a little additional cash.
Begin a YouTube channel. Even though the YouTube space is aggressive, theres small overhead cost to get started. In case youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
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License your photos. When you've got a natural eye for photography, consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a client downloads one of your own 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 kinds of products from t-shirts to mugs. Production is taken good care of and youll earn a commission on the goods offered.
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 income by designing and selling graphic design documents like icons or templates of all kinds.
Publish an ebook. Do you have a story youre itching to tell Writers no longer need to await the attention of a publisher to release their work. If you market your book nicely (think social media), 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 creators looking for high quality sound.
Sell digital art files. To lower overhead costs and minimize supply chain logistics, design a piece of artwork or photography and extend a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and would happily print the art themselves.
Make 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 browse around this site an eCourse! more information 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 other teachers. 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 guide for it.
Sign up for cash back credit cards. Many credit cards offer 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 ad space on your car. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers monitor 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 which requires little to no effort.
Rent a room in your home. If you already have an extra space in your home, rent it out. You can make additional money with only some simple hospitality.
Shop with cash back sites. Shopping through sites 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.