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License a business idea. If you have a great 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 somewhere else Watch someones house and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Even though the YouTube space is aggressive, theres little overhead cost to begin. 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 photos. When you have 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 goods. Create fun and trendy graphics for e-commerce sites like Zazzle or CafePress to place 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 templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites 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 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 content work. If 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 help companies or movie creators looking for high-quality sound.
Sell digital artwork files. To lower overhead expenses and minimize supply chain logistics, design a piece of artwork or photography and extend a digital download for a lesser cost. Many people are looking to furnish their houses on a budget and could 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 Produce an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Anything you love, theres an audience out there.
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Sell a lesson plan. If youre a teacher you can create a passive income simply by selling your lesson plans online to additional teachers. Its something youre doing , so why not share the knowledge
Create an online guide. If youre an expert in pop over to this site your area or possess in-depth knowledge of how something works or how to correct something, you can compose a manual for it.
Sign up for cash back credit cards. Many credit cards offer some type of money 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 car. Some companies will pay money for ad space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers monitor anything out of the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that requires little to no effort.
Rent a room in your house. If you presently have an excess space in your home, rent it out. You can earn additional money with just some basic hospitality.
Shop with money back sites. Shopping through websites that provide cash back rewards can be as effective as couponing, if not more! Just shop as you normally would and Discover More earn money on your purchases.