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License a business idea. In case you've got a great idea for a business or product, but dont have time to start it yourself, then consider licensing which thought. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Purchase a vending machine business. Youve probably never thought twice about who actually owns all those vending machines, but the vending machine business can be a rewarding passive income source! Once you find the right place, hire someone to restock the machines for you and youve got your own business going. .
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 home and pets while theyre on vacation for a little additional cash.
Start a YouTube channel. Even though the YouTube area is aggressive, theres little overhead cost to begin. In case 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.
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License your photos. When you have a natural eye for photography, then consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a client downloads one of your photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce websites like Zazzle or CafePress to place on all sorts of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site 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 files such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to tell Writers no longer have to await the attention of a publisher to release their work. Should you advertise your book well (think social media), self-publishing an ebook will earn you plenty of residual sales.
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License music. For the musically inclined, licensing music, especially instrumental tracks, can generate a decent passive income and assist companies or movie 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 cost. Many people are looking to furnish their homes on a budget and would happily print the art themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Produce an eCourse! Are you an expert in the subject of bird watching Produce an Learn More Here eCourse! Whatever you love, theres an audience out there.
Record a video program. Very similar to e-courses, you will find endless options for movie course topics. Video as a medium offers a personal connection and a different way to learn, making it an equally viable option.
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Sell a lesson plan. If youre a teacher you can create a passive income by simply selling your lesson plans online to additional educators. Its something youre doing , so why not talk about the knowledge
Create an online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how click for more to correct something, you can compose a manual for this.
Sign up for cash back credit cards. Many credit cards offer you 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 need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from 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 house. If you already have an excess space in your house, rent it out. You can make additional money with only some basic hospitality.
Shop with cash 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 money on your purchases.