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Start home or pet sitting. This one is a kind 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 house and pets while theyre on vacation for a little additional cash.
Start a YouTube channel. Even though the YouTube space 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 photos. If you've got a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a customer downloads one of your photos.
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Design t-shirts or other products. Create fun and trendy images for e-commerce sites like Zazzle or CafePress to put on all kinds of products from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites might 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.
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 costs 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 artwork themselves.
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Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Produce an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Anything you love, theres an audience out there.
Record a video program. Similar to e-courses, you will find endless options for video course subjects. Video as a medium delivers 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 by simply selling your lesson plans online to additional educators. Its something youre doing already, so why not talk about the knowledge
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Make an online guide. If youre an expert in your field or have 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 type of money back benefits, but finding one which offers the 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 ad space on your car. All you have to do is push aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow 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 that needs little to no effort.
Rent a room in your home. If you official website presently have an excess space in your home, rent it out. You can earn additional money with only some basic hospitality.
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Shop with money back sites. Shopping through sites which provide cash back benefits can be as powerful as couponing, if not more! Just 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 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 folks are going to have the ability to use your resources to get a fraction of the cost 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 you earn from passive income will undoubtedly get you well on your way to achieving your financial objectives and that much closer to true financial freedom.