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Start house 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 somewhere else Watch someones home and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Although the YouTube area is aggressive, theres little overhead cost to get started. If youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
License your photos. If you've got a natural eye for photography, then consider selling your photos to stock photography websites. 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 graphics 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 goods sold.
Create 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 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 founders looking for high quality sound.
Sell digital art files. To lower overhead costs and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser price. Many men and women are looking to furnish their homes on a budget and could happily print the artwork themselves.
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Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about digital 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, there are endless options for video course subjects. Video as a medium offers 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 make a passive income by simply selling your lesson plans online to additional educators. Its something youre doing already, 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 manual for it.
Sign up for cash back credit cards. Many credit cards offer you some sort of cash back benefits, but finding one that delivers 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 ad space on your car. All you have to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income which needs little to no effort.
Rent a room in your home. If you presently 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 cash back sites. Shopping through websites which offer cash back rewards can be as powerful as couponing, if not more! Simply 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 out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time use for the majority of people. Youll earn some money and other folks will be able to use your tools 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 check that payoff makes everything worthwhile. The money that you earn from passive income will undoubtedly get you well on your way to achieving your financial goals and that much closer to true financial freedom.