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License a business thought. In case you have a great idea for a business or product, but dont have enough time to start it yourself, consider licensing which idea. 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 someplace else Watch someones house and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Even though the YouTube area is aggressive, theres small overhead cost to get started. In case youre passionate about your chosen niche and supply value to your viewers, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your photos. If you have a natural eye for photography, consider selling your photos to stock photography websites. Once approved, youll earn royalties each time a client 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 kinds of merchandise 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 sites could be a fantastic 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. Do you have 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 well (think social websites ), 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 movie creators looking for high quality audio.
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 homes on a budget and could happily print the art themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Create an eCourse! Are you an expert in the subject of bird watching Produce 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 other educators. Its something youre doing already, so why not talk about the knowledge
Create an online guide. If youre an expert in your field 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 type of cash 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 ad read this post here space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income which needs little to no effort.
Rent a room in your house. If you already have an extra space in your home, rent it out. You can earn extra money with just some simple hospitality.
Shop with cash back sites. Shopping through websites which offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn money on your purchases.