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License a business idea. In case you've got a great idea for a business or product, but dont have enough time to start it yourself, consider licensing which idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.

Purchase a vending machine business. Youve probably never thought twice about who owns all of those vending machines, but the vending machine business can be a rewarding passive income source! Once you find the right spot, hire someone to restock the machines for you and youve got your own business going. .

Start house 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 home and pets while theyre on vacation for a little additional money.

Begin a YouTube channel. Although the YouTube space is competitive, theres small overhead cost to begin. If youre passionate about your chosen niche and supply value to your viewers, ad placements and sponsorship opportunities can help you earn a substantial passive income.

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License your photos. If you have a natural eye for photography, then consider selling your photos to stock photography sites. Once approved, youll earn royalties each time a client downloads one of your photos.

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 sold.

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

Publish an ebook. Have you got a story youre itching to tell Writers no longer need to await the attention of a publisher to release their work. Should you advertise your book nicely (think social media), self-publishing an ebook will earn you plenty of residual earnings.

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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 over at this website art files. To lower overhead costs and minimize supply chain logistics, design a piece of artwork or photography and extend 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 art themselves.

Create 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 Create an eCourse! Whatever you love, theres an audience out there.

Record a video program. Very similar to e-courses, there are endless options for video course topics. Video as a medium offers a personal connection and a different way to learn, making it an equally viable option.

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Sell a lesson plan. If youre a teacher you can create a passive income simply by selling your lesson plans online to additional educators. Its something youre doing , so why not talk about the knowledge

Make an online guide. If youre an expert in your area 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 cash back benefits, but finding one which offers 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 advertisement space on your car. All you have to do is push aroundwhich youre probably doing anyway!

Engage in research studies. Get paid to allow researchers track anything from your 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 home. If you presently have an excess space in your house, rent it out. You can make extra money with only some basic hospitality.

Shop with cash back sites. Shopping through sites which offer cash back benefits can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.