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Start home or pet sitting. This one is a sort of hybrid vehicle 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 home and pets while theyre on vacation for a little additional cash.

Begin a YouTube channel. Even though the YouTube space is aggressive, theres small overhead cost to get started. If youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.

License your photos. If you've got 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 images for e-commerce websites like Zazzle or even CafePress to place on all kinds of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods sold.

Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites 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 documents such as icons or templates of all kinds.

Publish an ebook. Have you got a story youre itching to tell Writers no longer have to await the attention of a writer to release their job. If you advertise your book nicely (think social media), 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 creators looking for high quality audio.

Sell digital artwork files. To reduce overhead costs and minimize supply chain 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 homes on a budget and could happily 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 electronic 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 program. Similar to e-courses, there are 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 simply by selling your lesson plans online to other educators. Its something youre doing already, so why not share 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 correct something, you can compose a guide for this.

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 ad space on your car. All you have to do is drive aroundwhich youre probably doing anyway!

Participate in research studies. Get paid to allow researchers monitor anything out of the shopping habits to you sleeping patterns. If 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 excess room in your home, rent it out. You can make extra money with only some basic hospitality.

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Shop with money back sites. Shopping through sites that provide 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 stuff. Have imp source you got random equipment filling your garage that you rarely use Rent it out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time usage for the majority of people. Youll make some money and other folks are going to have the ability to use your tools for a fraction of the cost of buying them check out here 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 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.