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Start home or pet sitting. This one is a kind 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 somewhere else Watch someones house and pets while theyre on vacation for a little extra money.
Start a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to begin. In case youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
License your photos. If you have a natural eye for photography, 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 graphics for e-commerce websites 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 products sold.
Create 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 files. 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 creators looking for high-quality audio.
Sell digital artwork files. To reduce overhead expenses and minimize supply chain Get More Info logistics, design a piece of art or photography and offer a digital download for a lesser cost. Many men and women are looking to furnish their houses on a budget and would happily print the art themselves.
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Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about digital marketing Produce an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Anything you love, theres an audience out there.
Record a video course. Very similar to e-courses, you will find endless options for video course subjects. Video as a medium delivers a personal connection and a different way to learn, Source making it an equally viable option.
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
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Make 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 this.
Sign up for cash back credit cards. Many credit cards offer some type of money back benefits, but finding one that offers 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 ad space on your car. All you need to do is push aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers monitor anything from your shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that requires little to no effort.
Rent a room in your home. If you presently have an extra space in your house, rent it out. You can make additional money with only some basic hospitality.
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Shop with money back sites. Shopping through websites that offer cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.
Rent your own stuff. Have you got random equipment filling your garage that you seldom use Rent it out! Specialized equipment for lawn maintenance or home improvement projects is read often a one-time use for most people. Youll earn some money and other folks will be able to use your tools 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 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.