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License a business thought. In case you have 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 home 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 somewhere else Watch someones home and pets while theyre on vacation for a little additional money.
Begin a YouTube channel. Even though the YouTube space is aggressive, theres small overhead cost to begin. In case youre passionate about your chosen niche and provide value to your audiences, ad placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your own 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 photos.
Design t-shirts or other goods. Create fun and trendy images for e-commerce websites 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 products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites 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 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 publisher to release their job. Should 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 creators looking for high quality audio.
Sell digital artwork files. To reduce overhead costs 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 homes on a budget and could happily print the artwork themselves.
Create 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 Create an eCourse! Whatever you love, theres an audience out there.
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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 additional 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 my review here compose a manual for this.
Sign up for cash back credit cards. Many credit cards offer some sort 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 vehicle. All you have to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers track anything from your 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 home. If you presently have an extra space in your house, rent it out. You can earn additional money with only some simple hospitality.
Shop with money back sites. Shopping through sites which 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.