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Start house or pet sitting. This one is a sort of hybrid passive/active income source, but if 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.

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, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.

License your own photos. In case you've got a natural eye for photography, consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a client downloads one of your own photos.

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Design t-shirts or other products. 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 goods offered.

Create 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 files. Even amateur graphic designers can earn a passive income by designing and selling graphic design files like icons or templates of all kinds.

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Publish an ebook. Do you have a story youre itching to tell Writers no longer have to await the attention of a writer to release their job. Should you market your book nicely (think social websites ), self-publishing an ebook will earn you plenty of residual earnings.

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 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 people are looking to furnish their houses on a budget and would happily print the art themselves.

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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 Produce an eCourse! Anything you love, theres an audience out there.

Record a video course. Very similar to e-courses, there are endless options for movie course topics. Video as a medium offers a personal connection and also 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 , so why not talk about the knowledge

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Make an online guide. If youre an expert in your field or have in-depth knowledge of how something works or how to correct something, you can compose a manual why not try these out for this.

Sign up for cash back credit cards. Many credit cards offer some type of money back benefits, but finding one that offers the most rewards for your lifestyle is the key redirected here 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 drive aroundwhich youre probably doing anyway!

Engage in research studies. Get paid to let researchers monitor anything out of the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income which requires little to no effort.

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

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

Rent your own stuff. Have you got random equipment filling your garage that you seldom use Rent it all out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for most people. Youll earn some money and other folks will be able to use your tools to get a fraction this article of the price of buying them . .

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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 it all worthwhile. The money you earn from passive income will undoubtedly get you well on your way to achieving your financial objectives and that much closer to true financial freedom.

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