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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 somewhere else Watch someones house and pets while theyre on vacation for a little extra money.
Start a YouTube channel. Even though the YouTube area is aggressive, theres little overhead cost to get started. In case youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a substantial passive income.
License your photos. If you have a natural eye for photography, then consider selling your photos to stock photography websites. Once approved, youll earn royalties each time a customer downloads one of your own photos.
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Design t-shirts or other goods. Create fun and trendy images for e-commerce websites like Zazzle or even CafePress to place on all kinds 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 website templates for bloggers or e-commerce websites might 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 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 creators looking for high-quality sound.
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 price. Many people are looking to furnish their homes on a budget and could happily print the art themselves.
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Make 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 This Site Produce an eCourse! Anything you love, theres an audience on the market.
Record a video program. Similar to e-courses, there are endless options for movie 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 teachers. Its something youre doing already, so why not share the knowledge
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Create an online guide. If youre an expert in your field or have in-depth knowledge of how something works or how to fix something, you can compose a guide for this.
Sign up for cash back credit cards. Many credit cards offer you some type of cash 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 vehicle. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers monitor anything from your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that requires little to no effort.
Rent a room in your house. If you presently have an extra room in your home, rent it out. You can earn additional money with only some simple 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 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 projects is often a one-time use for most people. Youll earn some money and other folks are going to have the ability to use your resources for 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 objectives and that much closer to true financial freedom.