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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 somewhere else Watch someones house and pets while theyre on vacation for a little extra money.
Begin a YouTube channel. Even though the YouTube area is competitive, theres little overhead cost to begin. If youre passionate about your chosen niche and provide value to your audiences, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
License your own photos. If you've got a natural eye for photography, then consider selling your photos to stock photography sites. Once approved, youll earn royalties every 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 CafePress to place on all kinds of products 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 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 movie founders looking for high quality sound.
Sell digital artwork files. To reduce overhead costs and minimize supply chain logistics, design a piece of art 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 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! Anything you love, theres you could try here 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 delivers a personal connection and 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 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 have 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 secret to maximizing your return.
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Advertise on your car. Some companies will pay money for advertisement 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 out of your shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a terrific source of passive income which requires little to no effort.
Rent a room in your home. If you already have you can try these out an excess room in your house, rent it out. You can earn additional 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 as powerful as couponing, if not more! Simply shop as you normally would and earn money on your purchases.
Rent your own 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 the majority of people. Youll earn some money and other folks will be able to use your resources to get a fraction of the cost 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 it all worthwhile. The money you earn from passive income will undoubtedly get you well on your way to achieving your financial goals and much closer to true financial freedom.