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Start house 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 someplace else Watch someones home and pets while theyre on vacation for a little additional money.
Start a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to get started. If youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
License your photos. If you have a natural eye for photography, consider selling your photos 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 websites like Zazzle or even 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 could 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 creators 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 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 great deal of knowledge about digital marketing Produce an eCourse! Are you an expert in the subject of bird watching Produce an eCourse! Anything you love, theres an audience out there.
Record a video program. Similar to e-courses, there are endless options for movie course subjects. Video as a medium delivers 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 , 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 correct something, you can write 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 that 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 advertisement space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers monitor anything out of your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source of passive income that requires little to no effort.
Rent a room in your home. If you already have an excess space in your home, rent it out. You can earn extra money with only some simple hospitality.
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Shop with cash back sites. Shopping through sites that offer cash back benefits can be as effective as couponing, if not more! see post 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 rarely use Rent it out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time use for the address majority of people. Youll earn some money and other people are going to be able 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 have you well on your way to achieving your financial goals and much closer to true financial freedom.