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License a business idea. If you've got a fantastic idea for a business or product, but dont have enough time to start it yourself, then consider licensing which 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 if youre going to be hanging out at home doing nothing, why not get paid to do it someplace else Watch someones home and pets while theyre on vacation for a little additional money.
Begin a YouTube channel. Even though the YouTube space is competitive, theres little overhead cost to get started. In case 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 own photos. When you have a natural eye for photography, consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a client downloads one of your photos.
Design t-shirts or other products. Create fun and trendy graphics for e-commerce sites like Zazzle or even CafePress to put on all kinds of merchandise from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods sold.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site 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 documents like 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 market your book well (think social websites ), 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 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 men and women are looking to furnish their homes on a budget and would happily print the artwork themselves.
Make an eCourse. An eCourse can be check my site about anything youre passionate about. Have a lot of knowledge about digital marketing Produce an eCourse! Are you an expert in the field of bird watching Create an eCourse! Anything you love, theres an audience out there.
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Sell a lesson plan. If youre a teacher you can create a passive income simply by selling your lesson plans online to additional 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 correct something, you can write a manual for this.
Sign up for cash back credit cards. Many credit cards offer some sort of money 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 vehicle. Some companies will pay money for advertisement space on your car. All you have to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything out of the shopping habits to you sleeping patterns. If 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 house. If you presently have an excess room in your home, rent it out. You can make additional money with only some basic hospitality.
Shop with cash back sites. Shopping through websites that offer cash back rewards can be as effective as couponing, read more if not more! Just shop as you normally would and earn money on your purchases.