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

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

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 somewhere else Watch someones home 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 get started. If youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a sizeable passive income.

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License your own photos. If you have a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties whenever a client downloads one of your own photos.

Design t-shirts or other goods. Create fun and trendy graphics for e-commerce websites 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 goods sold.

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

Publish an ebook. Have you got a story youre recommended you read itching to inform Writers no longer need to wait for the attention of a publisher to release their work. Should you market your book nicely (think social websites ), self-publishing an ebook will earn you plenty of residual sales.

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License music. For the musically inclined, licensing music, especially instrumental tracks, can generate a decent passive income and help companies or video founders looking for high quality sound.

Sell digital check over here art files. To reduce overhead expenses 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 houses on a budget and would happily print the artwork themselves.

Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about electronic marketing Produce an eCourse! Are you an expert in the subject of bird watching Create 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 topics. Video as a medium delivers a personal connection and you could check here also 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 make a passive income simply by selling your lesson plans online to other educators. Its something youre doing , so why not share the knowledge

Create 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 write a guide for this.

Sign up for cash back credit cards. Many credit cards offer you some sort of money 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 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 out of the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific source of passive income that requires little to no effort.

Rent a room in your house. If you already have an extra space in your house, rent it out. You can earn additional money with just some simple hospitality.

Shop with money back sites. Shopping through websites that provide cash back rewards can be as effective as couponing, if not more! Simply shop as you normally would and earn money on your purchases.