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Start home or pet sitting. This one is a sort of hybrid vehicle passive/active income source, but if 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. Even though the YouTube area is competitive, 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 substantial passive income.
License your photos. If you have 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 photos.
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Design t-shirts or other products. Create fun and trendy images for e-commerce websites like Zazzle or CafePress to put on all sorts of merchandise 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 sites might 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 expenses and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser cost. Many men and women are looking to furnish their homes on a budget see post and could happily print the art 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! Whatever you love, theres an audience on the market.
Record a video course. Very similar to e-courses, you will find endless options for movie course topics. Video as a medium offers 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 other teachers. Its something youre doing , so why not share the knowledge
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Create an online guide. If youre an expert in your area or possess 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 sort of cash back benefits, but recommended you read finding one that offers 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!
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 terrific source of passive income which needs little to no effort.
Rent a room in your house. If you already have an extra room in your home, rent it out. You can make extra money with just some basic hospitality.
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Shop with money back sites. Shopping through sites that offer cash back benefits can be as effective as couponing, if not more! Simply shop as you normally would and earn money 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 jobs is often a one-time use for most people. Youll earn some money and other people are going to have the ability to use your tools to get 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 that you earn from passive income will undoubtedly have you well on your way to achieving your financial objectives and that much closer to true financial freedom.