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Start home or pet sitting. This one is a sort 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 someplace else Watch someones home and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Even though 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 audiences, ad placements and sponsorship opportunities can help you earn a sizeable passive income.
License your own photos. If you've got a natural eye for photography, consider selling your photos 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 images for e-commerce sites like Zazzle or even CafePress to put on all sorts of products from t-shirts to mugs. Production is taken 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 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.
License music. For the musically inclined, licensing music, especially instrumental tracks, can generate a decent passive income and assist companies or video founders looking for high-quality audio.
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.
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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 field of bird watching Create an eCourse! Anything you love, theres an audience on the market.
Record a video program. Very similar to e-courses, you will find endless options for movie 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 create a passive income by simply selling your lesson plans online to other educators. Its something youre doing already, so why not talk about the knowledge
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Create an online More Help guide. If youre an expert in your field or possess in-depth knowledge of how something works or how to fix something, you can compose a manual for it.
Sign up for cash back credit cards. Many credit cards offer some type of cash 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 ad space on your car. All you need to do is drive 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. In case youre comfortable sharing this information, it can be a terrific source of passive income which needs little to no effort.
Rent a room in your house. If you presently have an extra room in your house, rent it out. You can make extra money with just some simple hospitality.
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Shop with cash back sites. Shopping through websites that 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 own stuff. Have you got random equipment filling your garage that you seldom use Rent it out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time use for most people. Youll make some money and other people will have the ability 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 get you well on your way to achieving your financial objectives and much closer to true financial freedom.