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License a business thought. In case you have a great idea for a business or product, but dont have time to start it yourself, consider licensing that idea. 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 someplace else Watch someones house and pets while theyre on vacation for a little extra money.
Start 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 viewers, 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, 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 images for e-commerce websites like Zazzle or even 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 goods sold.
Create website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites could be a great 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 like icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to inform Writers no longer have to await the attention of a writer to release their work. If you advertise 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 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 price. Many men and women are looking to furnish their homes on a budget and would happily print the art themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Create an eCourse! Are you an expert in the field of bird watching Create 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 other teachers. browse around here Its something youre doing already, so why not share the knowledge
Create an online guide. If youre an expert in your area 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 you some type of money 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 vehicle. Some companies will pay money for advertisement space on your vehicle. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers monitor anything out of the shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great source of passive income that needs little to no effort.
Rent a room in your house. If you already have an extra room in your house, rent it out. You can make additional money with page just some simple hospitality.
Shop with money back sites. Shopping through sites that offer cash back benefits can be as powerful as couponing, if not more! Simply shop as you normally would and earn money on your purchases.