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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 actually owns all of those vending machines, but the vending machine business can be a lucrative passive income source! Once you find the right place, 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 somewhere else Watch someones home and pets while theyre on vacation for a little additional cash.

Start a YouTube channel. Although the YouTube area is aggressive, theres small 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 substantial passive income.

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License your photos. If you've got a natural eye for photography, consider selling your photos to stock photography websites. Once approved, youll earn royalties whenever a customer downloads one of your own 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 merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the goods sold.

Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites could 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 see here now all kinds.

Publish an ebook. Have you got a story youre itching to tell Writers no longer need to wait for the attention of a publisher to release their work. Should you advertise your book well (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 help companies or movie creators looking for high-quality audio.

Sell digital art files. To reduce overhead costs and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and would happily print the art themselves.

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

Record a video course. Very similar to e-courses, you will find endless options for movie course topics. Video as a medium you can try here offers a personal connection and 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 create a passive income by simply selling your lesson plans online to additional educators. Its something youre doing already, so why not share the knowledge

Make an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to fix something, you can write a guide for it.

Sign up for cash back credit cards. Many credit cards offer some type of cash back benefits, but finding one that delivers 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 vehicle. All you need to do is drive aroundwhich youre probably doing anyway!

Engage in research studies. Get paid to let researchers track anything out of your shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a terrific source of passive income that needs little to no effort.

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

Shop with money back sites. Shopping through sites that 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.