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Start home or pet sitting. This one is a kind of hybrid passive/active income source, but if 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 cash.
Start a YouTube channel. Even though the YouTube space is competitive, theres small overhead cost to begin. In case youre passionate about your chosen niche and supply value to your audiences, 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 every time a client downloads one of your photos.
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Design t-shirts or other goods. Create fun and trendy images for e-commerce websites like Zazzle or CafePress to put 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 websites could be a fantastic 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 documents 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 movie creators 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 and offer a digital download for a lesser cost. Many men and women are looking to furnish their homes on a budget and would happily print the art themselves.
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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.
Record a video course. Similar to e-courses, you will find endless options for video course subjects. Video as a medium offers a sites 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 create a passive income simply by selling your lesson plans online to other teachers. Its something youre doing , so why not share the knowledge
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Create an online guide. If youre an expert in your field or possess in-depth knowledge of how something works or how to fix something, you can write a manual for this.
Sign up for cash back credit cards. Many credit cards offer some sort of money 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 car. Some companies will pay money for ad space on your car. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything out of your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be their website a great source of passive income that requires little to no effort.
Rent a room in your house. If you already have an extra space in your house, rent it out. You can earn extra money with only 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 rebates on your purchases.
Rent your own stuff. Do you have random equipment filling your garage that you rarely use Rent it out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for the majority of people. Youll make some money and other people will be able to use your resources to get a fraction of the price of buying them . .
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Launching a negative business or figuring out how to invest Check This Out 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.