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License a business idea. In case you have a great 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 sort of hybrid 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 additional money.
Begin a YouTube channel. Even though the YouTube space is competitive, theres small overhead cost to get started. In case youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
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License your photos. If you've got a natural eye for photography, then consider selling your photos to stock photography sites. Once approved, youll earn royalties each time a customer downloads one of your own photos.
Design t-shirts or other goods. Create fun and trendy images for e-commerce sites like Zazzle or even CafePress to put on all kinds of merchandise from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods sold.
Create 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 documents. Even amateur graphic designers can earn a passive income by designing and selling graphic design files like icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to inform Writers no longer these details need to wait for the attention of a publisher to release their job. If you advertise your book nicely (think social media), 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 audio.
Sell digital artwork files. To lower overhead expenses and minimize supply chain logistics, design a piece of art or photography and offer 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 digital marketing Produce an eCourse! Are you an expert in the subject 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 simply by selling you can check here your lesson plans online to other teachers. Its something youre doing , so why not share the knowledge
Make an online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how to fix something, you can compose a guide for this.
Sign up for cash back credit cards. Many credit cards offer some type of cash back benefits, but finding one that delivers the most rewards for your lifestyle is the key to maximizing your return.
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Advertise on your car. Some companies will pay money for advertisement space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers track anything out of your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source of passive income which needs little to no effort.
Rent a room in your home. If you already have an excess space in your home, rent it Continued out. You can make extra money with only some basic hospitality.
Shop with money back sites. Shopping through sites which provide cash back rewards can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.