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License a business thought. In case you've got a fantastic idea for a business or product, but dont have enough time to start it yourself, then 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 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.
Start a YouTube channel. Although the YouTube space is aggressive, theres little overhead cost to begin. In case youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a substantial 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 sites. Once approved, youll earn royalties whenever 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 even CafePress to put on all kinds of products 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 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. Do you have a story youre itching to tell Writers no longer have to await the attention of a writer to release their work. Should you market your book nicely (think social media), 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 founders looking for high quality audio.
Sell digital art files. To Clicking Here lower overhead costs and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser cost. Many men and women are looking to furnish their homes 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 digital marketing Produce an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Whatever you love, theres an audience on the market.
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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 educators. Its something youre doing already, so why not share 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 correct something, you can compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer you some type 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 need to do is push aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything from your 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 home. If you already have an extra room in your house, rent it out. You can earn additional money with only some simple 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.