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Start house or pet sitting. This one is a kind 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 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. 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 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 own photos.
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Design t-shirts or other products. Create fun and trendy images for e-commerce websites like Zazzle or CafePress to place on all sorts 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 website 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 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 assist companies or video creators looking for high quality sound.
Sell digital artwork files. To reduce overhead costs and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and could happily print the artwork themselves.
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Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital marketing Create an eCourse! Are you an expert in the field of bird watching Create an eCourse! Anything see this page you love, theres an audience on the market.
Record a video course. Very similar to e-courses, you will find endless options for video 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 make a passive income simply by selling your lesson plans online to additional educators. Its something youre doing already, so why not talk about 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 compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer you some type of money back benefits, but finding one which delivers the most rewards for your lifestyle is the secret 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 have to do is push aroundwhich youre probably doing anyway!
Engage in research studies. Get Check This Out paid to let researchers monitor anything from 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 room in your house, rent it out. You can earn additional money with only some simple hospitality.
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Shop with money back sites. Shopping through websites which provide cash back rewards can be as powerful as couponing, if not more! Simply shop as you normally would and earn money on your purchases.
Rent your own stuff. Have you got random equipment filling your garage that you seldom use Rent it all out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time usage for most people. Youll make some money and other folks are going to be able to use your resources for a fraction of the price 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 everything 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.