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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 cash.
Start a YouTube channel. Even though the YouTube area is aggressive, theres small 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 sizeable 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 each time a customer downloads one of your own photos.
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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 merchandise from t-shirts to mugs. Production is taken 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 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 assist companies or movie founders looking for high-quality audio.
Sell digital artwork 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 price. Many people are looking to furnish their houses on a budget and would happily print the artwork themselves.
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Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot 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, you will find endless options for movie course subjects. 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 create a passive income simply by selling your lesson plans online to other teachers. Its something youre doing , so why not talk about the knowledge
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Create an online guide. If youre an expert in your field or possess in-depth knowledge of how something works or how to fix something, you can write a guide 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 key to maximizing your return.
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Advertise see post on your vehicle. Some companies will pay money for ad space on your car. All you need to do is push aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers monitor anything out of your shopping habits to you sleeping patterns. If 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 home. If you presently have an extra 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 offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.
Rent your stuff. Have you got random equipment filling your garage that you seldom use Rent it all out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for most people. Youll earn some money and other folks will have the ability to use your tools for a fraction of the price of buying them . .
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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 have you well on your way to achieving your financial goals and much closer to true financial freedom.