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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 home and pets while theyre on vacation for a little additional cash.
Begin a YouTube channel. Even though the YouTube space is competitive, theres little 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.
License your own photos. In case you have a natural eye for photography, then 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 graphics for e-commerce websites like Zazzle or even CafePress to place on all kinds of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the products offered.
Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites could 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 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 creators looking for high quality audio.
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 cost. Many people 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 on the market.
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.
Sell a lesson plan. If youre a teacher you can make a passive income by simply selling your lesson plans online to other educators. Its something youre doing , so why not share the knowledge
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Create an online guide. If youre an expert in your area or possess YOURURL.com 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 you some sort of money back benefits, but finding one which offers 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 advertisement space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers monitor anything out of 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 home. If This Site you already have an extra space in your house, rent it out. You can earn additional money with just some basic hospitality.
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Shop with cash back sites. Shopping through sites which offer 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 your stuff. Have you got random equipment filling your garage that you seldom use Rent it 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 be able to use your resources for a fraction of the price of buying them outright. .
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Launching a side 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 much closer to true financial freedom.