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Start home 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.
Begin a YouTube channel. Although the YouTube area is competitive, theres small overhead cost to get started. In case 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 own photos. In case you have a natural eye for photography, then consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a customer downloads one of your own photos.
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Design t-shirts or other products. Create fun and trendy graphics for e-commerce websites 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 offered.
Create templates. If you fancy yourself an HTML wiz, designing and offering site 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 movie creators looking for high-quality sound.
Sell digital art files. To lower overhead costs and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser price. Many people are looking to furnish their homes on a budget and could happily print the artwork themselves.
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Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital marketing Produce an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Whatever you love, theres an audience out there.
Record a video program. Very similar to e-courses, there are endless options for movie course subjects. Video as a medium offers a personal connection and a different way directory to learn, making it an equally viable option.
Sell a lesson plan. If youre a teacher you can create a passive income simply by selling your lesson plans online to additional 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 compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer some sort of cash back benefits, but finding one that delivers 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 vehicle. All you have to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to let researchers monitor anything from your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that needs little to no effort.
Rent a room in your house. If you presently have an excess space in your home, rent it out. You can earn additional money with just some basic hospitality.
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Shop with money back sites. Shopping through sites which provide cash back benefits can be as powerful as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.
Rent your stuff. Do you have random equipment filling your garage that you rarely use Rent it all 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 resources 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.