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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 which idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Start home or pet sitting. This one is a sort of hybrid vehicle 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 money.
Begin a YouTube channel. Even though the YouTube area is aggressive, theres little overhead cost to begin. 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. When you have a natural eye for photography, then consider selling your photographs to stock photography sites. Once approved, youll earn royalties whenever a customer 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 place on all kinds of merchandise from t-shirts to mugs. Production is taken care of and youll earn a commission on the products sold.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site 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 files like 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 work. If you advertise your book nicely (think social media), 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 founders looking for high quality audio.
Sell digital art files. To lower overhead expenses and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and could happily go to this site print the art 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 field of bird watching Create an eCourse! Whatever you love, theres an audience click for more info 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. Its something youre doing , so why not talk about 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 fix something, you can write a guide for it.
Sign up for cash back credit cards. Many credit cards offer some sort of money back benefits, but finding one which delivers 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 car. All you need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers track anything from your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source visit the site of passive income that needs little to no effort.
Rent a room in your house. If you already have an extra room in your home, rent it out. You can earn additional money with just some basic hospitality.
Shop with cash back sites. Shopping through sites which offer cash back rewards can be as effective as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.