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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 that 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 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 little overhead cost to begin. If youre passionate about your chosen niche and supply value to your audiences, advertisement 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, then consider selling your photographs to stock photography websites. 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 websites like Zazzle or even CafePress to place on all sorts 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 website templates for bloggers or e-commerce websites could be a great source of passive income for you.
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Sell graphic design documents. Even find out this here amateur graphic designers can earn a passive income by designing and selling graphic design documents such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to tell Writers no longer need to await the attention of a publisher to release their work. Should 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 founders looking for high-quality audio.
Sell digital artwork files. To lower overhead costs and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser price. Many people are looking to furnish their houses on a budget and could happily print the art themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a browse around these guys great deal of knowledge about digital 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 a lesson plan. If youre a teacher you can make a passive income simply by selling your lesson plans online to additional educators. Its something youre doing already, so why not share 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 fix something, you can write a guide for it.
Sign up for cash back credit cards. Many credit cards offer you some sort of money back benefits, but finding one that 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 ad space on your vehicle. All you have to do is push 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 great source of passive income which needs little to no effort.
Rent a room in your home. If you already have an extra room in your home, rent it out. You can earn extra money with only some basic hospitality.
Shop with cash back sites. Shopping through sites that offer cash back benefits can be as powerful as couponing, if not more! Simply shop as you normally would and earn click for more info money on your purchases.