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Start house or pet sitting. This one is a kind 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 additional cash.
Begin a YouTube channel. Even though the YouTube space is aggressive, theres little overhead cost to begin. 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.
License your own photos. In case you've got a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a customer downloads one of your photos.
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Design t-shirts or other products. Create fun and trendy graphics for e-commerce websites like Zazzle or even CafePress to put on all sorts of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site 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 files like icons or templates of all kinds.
License music. For the musically inclined, licensing music, especially instrumental tracks, can generate a decent passive income and assist companies or video 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 check this 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 artwork themselves.
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Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Produce an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Anything you love, theres an audience on the market.
Record a video program. Similar to e-courses, there are endless options for video course topics. Video as a medium offers a personal connection and a different way to learn, making it he has a good point an equally viable option.
Sell a lesson plan. If youre a teacher you can make a passive income by simply selling your lesson plans online to other teachers. Its something youre doing , so why not talk about the knowledge
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Make an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to correct something, you can write a guide for it.
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 car. All you have 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. In case 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 already have an excess room in your home, rent it out. You can make additional money with just some basic hospitality.
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Shop with money back sites. Shopping through sites which offer cash back benefits can be as powerful as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.
Rent your stuff. Have you got random equipment filling your garage that you rarely use Rent it all out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for most people. Youll earn some money and other people are going to have the ability to use your resources to get a fraction of the price of buying them outright. .
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Launching a negative business or figuring out how to invest your money when youre strapped for time isnt easy, but the payoff makes everything worthwhile. The money you earn from passive income will undoubtedly get you well on your way to achieving your financial objectives and much closer to true financial freedom.