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License a business thought. If you've got a great idea for a business or product, but dont have enough time to start it yourself, consider licensing which thought. 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 kind 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 somewhere else Watch someones home 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 get started. If youre passionate about your chosen niche and provide value to your viewers, advertisement 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 websites. Once approved, youll earn royalties each time a client 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 merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the goods sold.
Create 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 files. Even amateur graphic designers can earn a passive income by designing and selling graphic design documents such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to tell click to read more Writers no longer need to await the attention of a writer to release their work. If you advertise 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 sound.
Sell digital artwork files. To lower overhead expenses and minimize supply chain logistics, design a piece of art or photography description and offer 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 artwork themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about electronic marketing Produce an eCourse! Are you an expert in the subject of bird watching Produce 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 additional educators. Its something youre doing , 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 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 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 ad space on your vehicle. 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 your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that requires little to no effort.
Rent a room in your home. If you presently have an excess room in your home, rent it out. You can make additional money with just some simple hospitality.
Shop with cash back sites. Shopping through sites which provide cash back rewards can be as effective as couponing, if not more! Simply shop as you normally Visit This Link would and earn rebates on your purchases.