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Start house 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 somewhere else Watch someones home and pets while theyre on vacation for a little extra cash.
Begin a YouTube channel. Even though the YouTube area is competitive, theres small overhead cost to begin. If 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. In case you have a natural eye for photography, consider selling your photos to stock photography sites. Once approved, youll earn royalties every time a client downloads one of your photos.
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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 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 fantastic 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 video 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 offer a digital download for a lesser cost. Many men and women 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 Produce an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Anything 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 also 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 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 fix something, you can compose a manual for it.
Sign up for cash back credit cards. Many credit cards offer some type of money back benefits, but finding one which delivers the most rewards for your lifestyle is the key to maximizing your return.
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Advertise on your car. Some companies will pay money for advertisement space on your vehicle. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor 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 needs little to no effort.
Rent a room in image source your home. If you presently have an extra room in your home, rent it out. You can make additional money with only some simple hospitality.
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Shop with cash back sites. Shopping through websites that provide cash back benefits can be as effective as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.
Rent your stuff. Do you have 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 people will be able to use your resources for a fraction of the cost of buying them outright. .
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Launching a negative 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 much closer to true financial freedom.