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Start home or pet sitting. This one is a kind 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 someplace else Watch someones home and pets while theyre on vacation for a little additional money.
Start a YouTube channel. Although the YouTube space is aggressive, theres small overhead cost to begin. If youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.
License your own photos. In case you've got a natural eye for photography, then consider selling your photos to stock photography websites. 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 images for e-commerce sites like Zazzle or CafePress to put on all kinds of merchandise from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods sold.
Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites 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 files 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 artwork files. To reduce overhead expenses and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser cost. Many people are looking to furnish their homes 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 subject of bird watching Create an eCourse! Whatever you love, theres an audience out there.
Record a video course. Very similar to e-courses, there are endless options for movie course topics. Video as a medium offers a personal connection and 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 simply by selling your lesson plans online to other educators. Its something youre doing already, so why not share the knowledge
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Create an online guide. If youre an expert in your field or possess in-depth knowledge of how something works or how to correct something, you can write a guide for it.
Sign up for cash back credit cards. Many credit cards offer you some sort of money back benefits, but finding one that offers the blog here 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 advertisement space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Participate 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 terrific source of passive income that needs little to no effort.
Rent a room in your house. If you presently have an extra space in your house, rent it out. You can make additional money with just some basic 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! Simply 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 rarely use Rent it all out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for the majority of people. Youll earn some money and other people will be able to use your tools for a fraction of the cost of buying them . .
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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 you earn from passive income will undoubtedly have you well on your way to achieving your financial goals and much closer to true financial freedom.