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License a business idea. In case you've got a great idea for a business or product, but dont have time to start it yourself, then consider licensing which thought. Interested companies are willing to pay royalties in exchange for the right to use your idea.
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 house and pets while theyre on vacation for a little additional cash.
Start a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to begin. If youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a substantial passive income.
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License your photos. When you've got a natural eye for photography, consider selling your photos to stock photography sites. Once approved, youll earn royalties whenever a customer downloads one of your own photos.
Design t-shirts or other products. Create fun and trendy graphics for e-commerce sites like Zazzle or even 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 offered.
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 files such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to inform Writers no longer need to wait for the attention of a writer to release their work. If you market your book well (think social media), self-publishing an ebook will earn you plenty of residual earnings.
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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 expenses and minimize supply chain logistics, design a piece of artwork 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.
Make an eCourse. An eCourse can be about anything youre explanation passionate about. Have a lot of knowledge about digital marketing Create an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Anything you love, theres an audience on the market.
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Sell a lesson plan. If youre a teacher you can make 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
Make an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to correct something, you can compose a manual for this.
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Advertise on your car. Some companies will pay money for ad space on your vehicle. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to let researchers track anything out of your shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great source of passive income which requires little to no effort.
Rent a room in your house. If you already have an extra space in your house, rent it out. You can make extra money with only some simple hospitality.
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