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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 house and pets while theyre on vacation for a little additional money.
Start a YouTube channel. Although the YouTube area is aggressive, theres small overhead cost to get started. If youre passionate about your chosen niche and supply value to your viewers, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
License your own photos. If you've got a natural eye for photography, consider selling your photos to stock photography websites. Once approved, youll earn royalties every time a customer downloads one of your own photos.
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Design t-shirts or other products. Create fun and trendy graphics for e-commerce sites like Zazzle or CafePress to put on all sorts of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the products sold.
Create website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites could 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 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 creators looking for high-quality sound.
Sell digital art files. To lower overhead expenses and minimize supply chain great site logistics, design a piece of artwork or photography and extend a digital download for a lesser price. Many men and women 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 Create an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Anything you love, theres an audience out there.
Record a video program. Very similar to e-courses, you will find endless options for video 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 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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Make an online guide. If youre an expert in your area or have 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 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 ad space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Participate 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 great source of passive income which needs little to no effort.
Rent a room in your home. If you already have an extra room in your house, rent it out. You can earn additional money with just some basic hospitality.
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Shop with cash back sites. Shopping through sites that offer cash back rewards can be as effective as couponing, if not more! Simply 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 all out! Specialized equipment for lawn maintenance or home improvement jobs web is often a one-time use for most people. Youll make some money and other folks will be able to use your resources for a fraction of the cost of buying them outright. .
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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 it all worthwhile. The money that 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.