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License a business idea. If you've got a great idea for a business or product, but dont have time to start it yourself, then consider licensing that 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 those vending machines, but the vending machine business can be a lucrative passive income source! Once you find the appropriate place, hire someone to restock the machines for you and youve got your own business going. .
Start home or pet sitting. This one is a sort 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 somewhere else Watch someones home and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Although the YouTube area is aggressive, theres small 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 sizeable passive income.
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License your own photos. If you have a natural eye for photography, consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a client downloads one of your photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce websites like Zazzle or even CafePress to put on all sorts of merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the goods sold.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites could 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 documents like icons or templates of all kinds.
Publish an ebook. Have you got a story Discover More Here youre itching to tell Writers no longer need to await the attention of a writer to release their work. Should you market your book nicely (think social websites ), 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 assist companies or video creators looking for high-quality sound.
Sell digital art files. To reduce overhead expenses 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 could happily print the art themselves.
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 on the market.
Record a video course. Similar to e-courses, there are endless options for movie course topics. Video as a medium offers a personal connection and also a different way to learn, making it an equally viable option.
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Sell anonymous 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
Make an online guide. If youre an expert in your click now field or possess in-depth knowledge of how something works or how to correct something, you can compose a manual for it.
Sign up for cash back credit cards. Many credit cards offer some sort of cash back benefits, but finding one which delivers 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 ad space on your car. All you need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything out of your shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great source of passive income which needs little to no effort.
Rent a room in your house. If you already have an excess space in your house, rent it out. You can make extra money with only some basic hospitality.
Shop with money back sites. Shopping through websites which offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.