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Start house or pet sitting. This one is a kind 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 somewhere else Watch someones home and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Even though the YouTube space is competitive, theres little overhead cost to begin. 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. In case you've got a natural eye for photography, then consider selling your photos to stock photography websites. Once approved, youll earn royalties every time a client downloads one of your own 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 products from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods sold.
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 files like 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 video founders looking for high-quality audio.
Sell digital artwork files. To lower 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 could 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 Create an eCourse! Are you an expert in the field of bird watching Produce look at this now an eCourse! Anything you love, theres an audience on the market.
Record a video program. Very similar to e-courses, there are endless options for video 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 already, so why not share 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 correct something, you can write a manual for it.
Sign up for cash back credit cards. Many credit cards offer some type of cash back benefits, but finding one which 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 advertisement space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything out of your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income which requires little to no effort.
Rent a room in your home. If you already have an extra space in your visite site home, rent it out. You can make extra money with only some basic hospitality.
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Shop with cash back sites. Shopping through sites which 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. Do you have random equipment filling your garage that you seldom use Rent it out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time usage for most people. Youll earn some money and other people are going to be able to use your tools for a fraction of the cost of buying them . .
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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 dig this worthwhile. The money you earn from passive income will undoubtedly get you well on your way to achieving your financial goals and that much closer to true financial freedom.