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Start house or pet sitting. This one is a kind 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 cash.
Start a YouTube channel. Although the YouTube space is competitive, theres small overhead cost to get started. In case youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
License your own photos. If you have a natural eye for photography, consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a customer downloads one of your photos.
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Design t-shirts or other products. Create fun and trendy graphics for e-commerce sites like Zazzle or even 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 offered.
Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites 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 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 help companies or video founders looking for high quality audio.
Sell digital art files. To lower overhead expenses 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 great deal of knowledge about digital marketing Produce an eCourse! Are you an expert in the field of bird watching Create an eCourse! Anything you love, theres an audience out there.
Record a video program. Similar to e-courses, you will find endless options for video course subjects. Video as a medium offers 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 educators. Its something youre doing already, so why not talk about the knowledge
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Make an online guide. If youre an expert in your field or have 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 type of money back benefits, but finding one which offers the most rewards for your lifestyle is the secret to maximizing your return.
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Advertise on your vehicle. Some companies will pay money for advertisement space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers monitor anything from the shopping habits to you sleeping patterns. If 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 excess room in your home, rent it out. You can make extra money with only some simple hospitality.
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Shop with cash back sites. Shopping through websites that offer cash back benefits can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.
Rent your stuff. Do you have 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 usage for the majority of people. Youll make some money and other folks will be able to use your tools to get a fraction of the cost of buying them . .
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Launching a imp source 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 get you well on your way to achieving your financial objectives and much closer to true financial freedom.