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License a business idea. If you have a great idea for a business or product, but dont have time to start it yourself, consider licensing that idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.

Buy a vending machine business. Youve probably never thought twice about who actually owns all of those vending machines, but the vending machine business can be a rewarding passive income source! Once you find the right spot, employ someone to restock the machines to you and youve got your own business going. .

Start home or pet sitting. This one is a kind 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 additional money.

Begin a YouTube channel. Although the YouTube space is competitive, theres small overhead cost to get started. In case youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.

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License your photos. If you've got a natural eye for photography, then consider selling your photos to stock photography websites. Once approved, youll earn royalties each time a client downloads one of your own photos.

Design t-shirts or other goods. Create fun and trendy images for e-commerce sites like Zazzle or CafePress to place on all kinds of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods sold.

Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites might be a fantastic source of passive income for you.

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Sell graphic design files. 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. Have you got a story youre itching to tell Writers no longer need to await the attention of a writer 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 video founders looking for high-quality sound.

Sell digital artwork files. To lower overhead expenses and minimize supply chain reference logistics, design a piece of art or photography and offer a digital download for a lesser cost. Many men and women are looking to furnish their homes on a budget and could happily print the art themselves.

Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about digital marketing Create an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Anything you love, theres an audience out there.

Record a video program. Similar to e-courses, you will find endless options for video course subjects. Video as a medium offers a personal connection and also a different way to learn, making it an equally viable option.

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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 other educators. Its something youre doing already, so why not share the knowledge

Make an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to fix something, you can compose a manual for it.

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 advertisement space on your car. All you have to do is drive aroundwhich youre probably doing anyway!

Engage in research studies. Get paid to allow researchers monitor anything from your shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great source of passive income that needs little to no effort.

Rent a room in your home. If you presently have an excess space in your home, rent it out. You can make extra money with just some basic hospitality.

Shop with cash back sites. Shopping through websites that offer cash back rewards can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.