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License a business idea. If you have a great idea for a business or product, but dont have enough 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 home 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 cash.
Start a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to begin. If youre passionate about your chosen niche and supply value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
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License your photos. When you have a natural eye for photography, then consider selling your photos to stock photography websites. Once approved, youll earn royalties each time a customer downloads one of your own photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce sites like Zazzle or even 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 products sold.
Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites could 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 documents such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to tell Writers no longer have to wait for the attention of a publisher to release their work. If you market your book well (think social media), 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 movie creators looking for high quality audio.
Sell digital art files. To lower overhead expenses 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 YOURURL.com happily print the artwork themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Create an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Anything you love, theres an audience on the market.
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Sell a lesson plan. If youre a teacher you can create a passive income by simply selling your lesson plans online to other teachers. Its something youre doing , so why not talk about the knowledge
Create an online guide. If youre an expert in your area or possess 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 sort of cash 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 advertisement space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything out of your shopping habits to you sleeping patterns. In case youre comfortable sharing learn this here now this information, it can be a terrific source of passive income that needs little to no effort.
Rent a room in your house. If you already have an extra room in your house, rent it out. You can make additional money with only some basic hospitality.
Shop with my blog cash back sites. Shopping through websites that provide cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.