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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 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 vehicle passive/active income source, but when 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 money.
Start a YouTube channel. Although the YouTube area is competitive, theres small 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 sizeable 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 goods. Create fun and trendy graphics for e-commerce websites like Zazzle or even CafePress to place 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 templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites could 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 their website 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 publisher to release their job. If you advertise your book well (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 check income and help companies or video creators looking for high quality sound.
Sell digital art files. To lower overhead expenses and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser price. Many people are looking to furnish their homes on a budget and could happily print the artwork themselves.
Create 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 subject 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 create a passive income simply by selling your lesson plans online to other teachers. Its something youre doing already, so why not share the knowledge
Make an online guide. If youre an expert in your field or have 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 sort of money back benefits, but finding one that 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 on your look at this web-site car. All you need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers track anything from the shopping habits to you sleeping patterns. If 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 presently have an excess space in your house, rent it out. You can make extra money with only 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 earn rebates on your purchases.