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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 which 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 kind 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 someplace else Watch someones home and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to get started. If 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. When you've got a natural eye for photography, consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a client downloads one of your own photos.
Design t-shirts or other products. Create fun and trendy graphics for e-commerce websites like Zazzle or CafePress to place on all kinds of merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products offered.
Create templates. If you fancy yourself an HTML wiz, designing and offering website 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 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 work. If you market your book well (think social websites ), 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 creators looking for high quality sound.
Sell digital artwork files. To lower overhead costs and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser my sources price. Many people are looking to furnish their houses on a budget and could happily print the artwork themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital 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 by simply selling your lesson plans online to other teachers. Its something youre doing already, so why not share the knowledge
Create an online guide. If youre an expert in your field 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 money back benefits, but finding one which offers 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 resource on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything out of the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be more helpful hints a great source of passive income that needs little to no effort.
Rent a room in your home. If you presently have an excess space in your home, rent it out. You can earn extra money with just some simple hospitality.
Shop with cash back sites. Shopping through websites that provide cash back benefits can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.