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License a business idea. 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 kind of hybrid vehicle passive/active income source, but when 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 extra money.
Begin a YouTube channel. Although the YouTube area is aggressive, theres little overhead cost to begin. In case youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your own photos. If you've got a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties whenever a customer downloads one of your own photos.
Design t-shirts or other products. Create fun and trendy graphics for e-commerce sites like Zazzle or CafePress to put on all sorts of products from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites 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 such as icons or templates of all kinds.
Publish an ebook. Do you have a story youre itching to inform Writers no longer have to await the attention of a publisher to release their job. Should you market your book nicely (think social media), self-publishing an ebook will earn you plenty of residual earnings.
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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 movie founders looking for high-quality sound.
Sell digital art files. To lower overhead expenses and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser cost. Many people are looking to furnish their houses on a budget and would happily print the art themselves.
Make 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! Whatever 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 already, 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 write a manual for this.
Sign up for cash back credit cards. Many credit cards offer some sort of money back benefits, but finding one which 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!
Participate in research studies. Get paid to allow researchers track anything out of the shopping habits to you sleeping patterns. If youre comfortable sharing 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 presently have an extra space in your house, rent it out. You can earn extra money with just some simple hospitality.
Shop with cash back sites. Shopping through Go Here sites that provide cash back rewards can be as powerful as couponing, if not more! Simply shop as you normally would and earn money on your purchases.