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License a business idea. In case you've got a fantastic idea for a business or product, but dont have enough 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 home or pet sitting. This one is a sort of hybrid passive/active income source, but when 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. Although the YouTube area is competitive, 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 substantial passive income.
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License your own photos. When you've got a natural eye for photography, consider selling your photographs to stock photography websites. Once approved, youll earn royalties whenever a client downloads one of your photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce sites like Zazzle or even CafePress to place 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 website 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 files. 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 tell Writers no longer need to await the attention of a publisher to release their job. Should you market your book nicely (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 assist companies or movie founders looking for high-quality audio.
Sell digital artwork files. To reduce overhead costs go 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 houses on a budget and would happily print the artwork themselves.
Make 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! Anything you love, theres an audience on the market.
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Sell a lesson plan. If youre a teacher you can make a passive income simply by selling your lesson plans online to other teachers. Its something youre doing , so why not talk about the knowledge
Make an online guide. If youre an expert in your field 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 visit this site some type 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 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 allow 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 home. If you presently have an excess room in your house, rent it out. You can make additional money with only some basic hospitality.
Shop with cash back sites. Shopping through websites which provide cash back rewards can be as effective as couponing, if not more! Simply shop as you normally would and earn money on your purchases.