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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 extra money.

Begin a YouTube channel. Although the YouTube area is competitive, theres little overhead cost to get started. In case youre passionate about your chosen niche and supply value to your viewers, ad placements and sponsorship opportunities can help you earn a sizeable passive income.

License your photos. If you have a natural eye for photography, then consider selling your photographs to stock photography sites. 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 graphics for e-commerce websites like Zazzle or 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 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 files. Even amateur graphic designers can earn a passive income by designing and selling graphic design documents such as icons or templates of all kinds.

Publish an ebook. Do you have a story youre itching to tell Writers no longer need to await the attention of a publisher to release their job. If you advertise your book well (think social websites ), self-publishing an ebook will earn you plenty of residual sales.

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 sound.

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 cost. get more Many men and women are looking to furnish their homes on a budget and could 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 electronic marketing Create an eCourse! Are you an expert in the subject of bird watching Produce an eCourse! Whatever you love, theres an audience on the market.

Record a video course. Similar to e-courses, you will find endless options for video course subjects. Video as a medium offers 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 create a passive income by simply selling your lesson plans online to additional educators. Its something youre doing , so why not share the knowledge

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Create 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 write a guide for this.

Sign up for cash back credit cards. Many credit cards offer you some type of money back benefits, but finding one which delivers the most rewards for your lifestyle is the secret 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 have to do is push aroundwhich youre probably doing anyway!

Participate in research studies. Get paid to let researchers monitor anything out of 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 house. If you presently have an excess space in your house, rent it out. You can earn additional money with only some simple hospitality.

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Shop with cash back sites. Shopping through websites that provide cash back rewards can be as powerful as couponing, if not more! Simply 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 seldom use Rent it all out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time usage for most people. Youll earn some money and other folks will be able to use your resources for a fraction of the cost 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 it all worthwhile. The money you earn from passive income will undoubtedly get you well on your way to achieving your financial goals and much closer to true financial freedom.