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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 somewhere else Watch someones house and pets while theyre on vacation for a little extra cash.
Begin 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, ad placements and sponsorship opportunities can help you earn a sizeable 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 client downloads one of your own photos.
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Design t-shirts or other goods. Create fun and trendy images for e-commerce sites like Zazzle or even CafePress to place on all kinds of merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products sold.
Create 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 files. 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 help companies or movie founders looking for high quality sound.
Sell digital artwork files. To reduce overhead costs and minimize supply chain 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 art themselves.
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Make 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 Produce an eCourse! Anything you love, theres an audience out there.
Record a video program. Very similar to e-courses, there are endless options for video course subjects. 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 simply by selling your lesson plans online to additional teachers. Its something youre doing , so why not talk about the knowledge
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Create an page online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how to correct something, you can write a manual for this.
Sign up for cash back credit cards. Many credit cards offer you some type of cash 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 car. Some companies will pay money for ad space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers track anything from your shopping habits to over at this website you sleeping patterns. If youre comfortable sharing this information, it can be a terrific source of passive income that needs little to no effort.
Rent a room in your home. If you presently have an extra space in your house, rent it out. You can earn extra money with just some basic hospitality.
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Shop with money back sites. Shopping through websites that provide cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn money on your purchases.
Rent click for more info your own 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 most people. Youll make some money and other people are going to be able to use your tools for 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 everything worthwhile. The money that you earn from passive income will undoubtedly get you well on your way to achieving your financial objectives and that much closer to true financial freedom.