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License a business idea. In case you've got a great idea for a business or product, but dont have 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 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 someplace else Watch someones home and pets while theyre on vacation for a little extra money.
Start a YouTube channel. Even though the YouTube area is aggressive, theres little overhead cost to get started. If youre passionate about your chosen niche and provide value to your audiences, advertisement 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 photos to stock photography sites. Once approved, youll earn royalties each time a client 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 place on all sorts of merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products offered.
Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites might 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 tell Writers no longer need to await the attention of a publisher to release their job. Should you market your book well (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 audio.
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 Full Article 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 electronic marketing Produce 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 their explanation 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 talk about 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 it.
Sign up for cash back credit cards. Many credit cards offer some type of money back benefits, but finding one which offers 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 vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers monitor anything from the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source of passive income which needs little to no effort.
Rent a room in your house. If you already have an excess room in your home, rent it out. You can earn extra money with just some basic hospitality.
Shop with cash back sites. Shopping through websites that provide cash back benefits can be as effective as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.