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Start home or pet sitting. This one is a kind of hybrid 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 cash.
Start a YouTube channel. Although the YouTube area 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 substantial passive income.
License your own photos. In case you've got a natural eye for photography, consider selling your photographs 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 goods. Create fun and trendy graphics for e-commerce sites like Zazzle or even CafePress to put on all sorts of merchandise from t-shirts to mugs. Production is taken care of and youll earn a commission on the products sold.
Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites might be a great 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 movie founders looking for high quality audio.
Sell digital art files. To reduce overhead costs and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser cost. Many men and women are looking to furnish their houses on a budget and would happily print the artwork themselves.
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Make an eCourse. An eCourse can be about anything youre passionate index about. Have a lot of knowledge about digital marketing Create an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Whatever you love, theres an audience on the market.
Record a video program. 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 by simply selling your lesson plans online to additional 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 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 that 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 ad space on your car. All you have to do is drive aroundwhich youre probably doing anyway!
Engage 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 terrific source of passive income which needs little to no effort.
Rent a room in your house. If you presently have an extra read space in your house, rent it out. You can make additional money with just some basic hospitality.
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Shop with cash back sites. Shopping through sites which click this link provide cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.
Rent your stuff. Do you have random equipment filling your garage that you seldom use Rent it out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time usage for the majority of people. Youll make some money and other folks are going to be able to use your resources to get a fraction of the price of buying them . .
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Launching a side business or figuring out how to invest your money when youre strapped for time isnt easy, but the payoff makes everything worthwhile. The money you earn from passive income will undoubtedly get you well on your way to achieving your financial objectives and much closer to true financial freedom.