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License a business thought. If you've got a great 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 home or pet sitting. This one is a sort of hybrid 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 extra money.
Begin a YouTube channel. Even though the YouTube space is aggressive, theres small overhead cost to begin. If youre passionate about your chosen niche and provide value to your viewers, 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 own photos.
Design t-shirts or other products. Create fun and trendy images for e-commerce sites like Zazzle or 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 templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites 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 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 writer to release their job. Should you market your book nicely (think social you could try here 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 video creators looking for high quality audio.
Sell digital artwork files. To reduce overhead expenses 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 houses on a budget and would happily print the artwork themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about electronic marketing Create an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Whatever you love, theres an audience out there.
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Sell a lesson plan. If youre a teacher you can make a passive income by simply selling your lesson plans online to other educators. Its something youre doing , 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 fix something, you can compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer you some type of cash back benefits, but finding one that offers 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 advertisement space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything from the shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great browse around here source of passive income which requires little to no effort.
Rent a room in your house. If you presently have an extra room in your home, rent it out. You can earn extra money with just some basic hospitality.
Shop with money back sites. Shopping through sites that offer cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.