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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 somewhere else Watch someones house and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Even though the YouTube space is competitive, theres little overhead cost to begin. In case youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
License your photos. In case you've got a natural eye for photography, consider selling your photos to stock photography sites. Once approved, youll earn royalties each time a client 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 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 website templates for bloggers or e-commerce sites might 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 help companies or video creators looking for high quality sound.
Sell digital art files. To reduce overhead expenses and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser cost. Many people are looking to furnish their houses on a budget and would happily print the art 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 Create an eCourse! Are you an expert in the subject of bird watching Produce an eCourse! Whatever you love, theres an audience out there.
Record a video program. Similar to e-courses, you will find endless options for video course subjects. Video as a medium offers a personal connection and also a different way to learn, making it 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 educators. Its something youre doing already, so why not talk about the knowledge
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Create an online guide. If More Info youre an expert in your area or possess in-depth knowledge of how something works or how to correct something, you can write a manual for this.
Sign up for cash back credit cards. Many credit cards offer you some sort of cash back benefits, but finding one which delivers the most rewards for your lifestyle is the key to maximizing your return.
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Advertise on your vehicle. Some companies will pay money for ad space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything from your shopping habits to you sleeping patterns. If 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 house, 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 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.
Rent your stuff. Do you have random equipment filling your garage that you seldom use Rent it all out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time usage for most people. Youll earn some money and other people will have the ability to use your tools to get a fraction of the price of buying them . .
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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 that you earn from passive income will undoubtedly have you well on your way to achieving your financial goals and much closer to true financial freedom.