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Start home or pet sitting. This one is a sort of hybrid vehicle 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 house and pets while theyre on vacation for a little additional money.
Begin a YouTube channel. Although the YouTube area is competitive, theres small overhead cost to begin. If 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.
License your photos. If you have a natural eye for photography, consider selling your photographs to stock photography sites. Once approved, youll earn royalties every time a client downloads one of your photos.
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Design t-shirts or other products. Create fun and trendy images for e-commerce websites like Zazzle or CafePress to put on all sorts of products from t-shirts to mugs. Production is taken good 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 might 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 files such as 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 audio.
Sell digital artwork files. To reduce overhead expenses and minimize supply chain logistics, design a piece of artwork or photography and extend a digital download for a lesser price. Many people are looking to furnish their houses 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 digital marketing Create an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Whatever you love, theres an audience out there.
Record a video program. Very similar to e-courses, there are endless options for video course topics. Video as a medium delivers 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 simply by selling your lesson plans online to other educators. Its something youre doing already, so why not share the knowledge
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Make an online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how to correct something, you can compose a manual for it.
Sign up for cash back credit cards. Many credit cards offer some sort of cash back benefits, but finding one which offers 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 vehicle. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers track anything from the shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a terrific source of passive income that requires little to no effort.
Rent a room in your house. If you presently have an excess room in your home, rent it out. You can earn extra money with just some basic hospitality.
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Shop with money back sites. Shopping through sites that provide cash back benefits can be page as powerful as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.
Rent your own 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 jobs is often a one-time use for most people. Youll make some money and other folks are going to be able 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 it all 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.