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License a business idea. In case you have a fantastic 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 house or pet sitting. This one is a sort of hybrid 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 house and pets while theyre on vacation for a little extra cash.
Begin a YouTube channel. Even though the YouTube space is aggressive, theres little overhead cost to get started. In case 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 photos 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 images 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 goods 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 documents. Even amateur graphic designers can earn a passive income by designing and selling graphic design files such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to inform Writers no longer need to wait for the attention of a publisher to release their job. If you market 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 click for more founders looking for high-quality sound.
Sell digital artwork files. To reduce overhead costs 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 homes visit site on a budget and would happily print the artwork themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about digital marketing Create an eCourse! Are you an expert in the field of bird watching Create an eCourse! Anything 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 by simply selling your lesson plans online to additional educators. Its something youre doing , so why not share 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 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 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 car. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers track anything out of the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source of passive income which requires little to no effort.
Rent a room in your house. If you already have an extra room in your home, rent it out. You can earn additional money with only some basic hospitality.
Shop with cash back sites. Shopping through websites that offer cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.