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License a business thought. 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 if 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 cash.
Start a YouTube channel. Even though the YouTube area is aggressive, theres little overhead cost to begin. If youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your photos. If you have a natural eye for photography, then consider selling your photos to stock photography websites. Once approved, youll earn royalties whenever a customer downloads one of your own photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce websites like Zazzle or CafePress to place on all sorts of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites 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. Have you got a story youre itching to tell Writers no longer have to await the attention of a publisher to release their work. Should you advertise your book nicely (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 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 artwork or advice photography and offer a digital download for a lesser price. Many people 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 lot 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 simply by selling your lesson plans online to other educators. Its something youre doing already, so why not share the knowledge
Create 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 this.
Sign up for cash back credit cards. Many credit cards offer some type 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 car. 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 out of your shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great source of passive income which requires little to no effort.
Rent a room in your home. If you presently check have an excess space in your home, rent it out. additional info You can make additional money with just some simple hospitality.
Shop with money back sites. Shopping through sites that offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.