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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 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 house and pets while theyre on vacation for a little additional cash.
Start a YouTube channel. Even though the YouTube area is competitive, 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 substantial passive income.
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License your photos. If you have a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a customer downloads one of your photos.
Design t-shirts or other goods. Create fun and trendy images for e-commerce websites like Zazzle or even CafePress to put 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 website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites might be a great 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 documents like 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 work. If you advertise 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 movie founders looking for high-quality sound.
Sell digital artwork files. To reduce overhead costs and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser price. Many men and women 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 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 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 correct something, you can write a guide for it.
Sign up for cash back credit best site cards. Many credit cards offer you some type of money back benefits, but finding one which delivers 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 need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything out of your shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a terrific source of passive income that requires little to no effort.
Rent a room in your home. If you already have an excess room in your home, rent it out. You can earn additional money with just some basic hospitality.
Shop with money 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 money on your purchases.