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Start home 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 someplace else Watch someones home and pets while theyre on vacation for a little additional money.
Begin a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to get started. If youre passionate about your chosen niche and provide value to your audiences, advertisement 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, then consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a customer downloads one of your own 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 goods offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites could be a great 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 files such as 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 video founders looking for high quality audio.
Sell digital artwork files. To lower overhead costs and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser price. Many people are looking to furnish their houses on a budget and would 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 digital marketing Create 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 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 by simply selling your lesson plans online to other teachers. Its something youre doing already, so link why not talk about the knowledge
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Create 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 write a guide for this.
Sign up for cash back credit cards. Many credit cards offer you some sort of cash 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 vehicle. Some companies will pay money for advertisement space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source of passive income which needs little to no effort.
Rent a room in your house. If you already have an link extra room in your home, rent it out. You can earn additional money with just some basic hospitality.
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Shop with cash back sites. Shopping through websites which offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.
Rent your own stuff. Do you have random equipment filling your garage that you rarely use Rent it out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for most people. Youll make some money and other folks are going to be able to use your resources for a fraction of the price 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 everything worthwhile. The money that you earn from passive income will undoubtedly get you well on your way to achieving your financial objectives and much closer to true financial freedom.