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License a business thought. In case you have a fantastic idea for a business or product, but dont have time to start it yourself, consider licensing which idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Purchase a vending machine business. Youve probably never thought twice about who actually owns all of those vending machines, but the vending machine business can be a lucrative passive income source! Once you find the appropriate spot, employ someone to restock the machines for you and youve got your own business going. .
Start house or pet sitting. This one is a kind of hybrid passive/active income source, but when 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.
Begin a YouTube channel. Even though the YouTube area is competitive, theres small overhead cost to begin. In case youre passionate about your chosen niche and provide value to your viewers, ad placements and sponsorship opportunities can help you earn a substantial passive income.
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License your own photos. When you have a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a customer downloads one of your own photos.
Design t-shirts or other goods. Create fun and trendy images for e-commerce sites like Zazzle or CafePress to place on all sorts of products from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products offered.
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 documents like icons or templates of all kinds.
Publish read the article an ebook. Have you got a story youre itching to tell Writers no longer need to wait for the attention of a writer to release their work. Should you advertise your book well (think social media), self-publishing an ebook will earn you plenty of residual sales.
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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 sound.
Sell digital artwork files. To lower overhead costs and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser price. Many people are looking to furnish their houses on a budget and could happily print the art themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about electronic 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, there are endless options for video course subjects. Video as a medium delivers a personal connection and also a different way to learn, making it an equally viable option.
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Sell a lesson plan. If youre a teacher you can create a passive income simply by selling your lesson plans online to additional educators. Its something youre doing , so why not talk about the knowledge
Create 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 it.
Sign up for cash back credit cards. Many credit cards offer you some type of try this site money back you can find out more 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 ad space on your car. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers monitor anything from your shopping habits to 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 excess room in your home, rent it out. You can make additional money with only some simple hospitality.
Shop with cash back sites. Shopping through websites 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.