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Start home or pet sitting. This one is a sort of hybrid passive/active income source, but if youre going to be hanging out at home doing nothing, why not get paid to do it someplace else Watch someones house and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Even though the YouTube area is aggressive, theres little overhead cost to begin. In case youre passionate about your chosen niche and provide value to your audiences, ad placements and sponsorship opportunities can help you earn a substantial 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 each 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 websites like Zazzle or CafePress to put on all sorts of merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products 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 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 assist companies or movie founders looking for high-quality audio.
Sell digital art files. To lower overhead costs and minimize supply chain logistics, my latest blog post design a piece of artwork or photography and extend a digital download for a lesser price. Many people are looking to furnish their homes on a budget and could happily print the artwork themselves.
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Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about electronic marketing Produce an eCourse! Are you an expert in the subject of bird watching Produce an eCourse! Whatever you love, theres an audience out there.
Record a video program. Similar to e-courses, there are endless options for movie course subjects. 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 create a passive income by simply selling your lesson plans online to other educators. Its something youre doing , 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 this.
Sign up for cash back credit cards. Many credit cards offer some sort of money back benefits, but finding one that offers 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 need to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers monitor anything from the 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 presently have an extra room in your home, rent it out. You can make additional money with just some simple hospitality.
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Shop with cash back sites. Shopping through sites which offer cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.
Rent your stuff. Do you have 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 most people. Youll earn some money and other folks are going to be able to use your resources for 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 that you earn from passive income will undoubtedly have you well on your way to achieving your financial objectives and that much closer to true financial freedom.