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Start house or pet sitting. This one is a sort 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 house and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Although the YouTube space is aggressive, theres little overhead cost to get started. If youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a sizeable passive income.
License your own photos. In case you've got a natural eye for photography, consider selling your photographs to stock photography websites. Once approved, youll earn royalties every time a customer downloads one of your photos.
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Design t-shirts or other goods. Create fun and trendy images for e-commerce sites like Zazzle or even CafePress to put on all kinds of products from t-shirts to mugs. Production is taken 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 sites 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 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 art 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 men and women are looking to furnish their houses on a budget and could happily browse this site 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 digital marketing Produce an eCourse! Are you an expert in the subject of bird watching Produce an eCourse! Anything you love, theres an audience on the market.
Record a video course. Very similar to e-courses, there are endless options for video course topics. 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 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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Make an online guide. If youre an expert in your field or have in-depth knowledge of how something works or how to fix something, you can compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer some sort of money back benefits, but finding one that delivers the most rewards for your lifestyle is the key to maximizing your return.
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Advertise on your vehicle. 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 allow researchers monitor anything out of your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source of passive income which requires little to no effort.
Rent a room in your home. If you already have an extra space in your house, rent it out. You can make extra money with just some basic hospitality.
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Shop with cash back sites. Shopping through sites which offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn money on your purchases.
Rent your own 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 usage for most people. Youll make some money and other people are going to be able to use your resources to get a fraction of the price of buying them . .
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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 everything worthwhile. The money you earn from passive income will undoubtedly get you well on your way to achieving your financial goals and that much closer to true financial freedom.