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License a business idea. If you have a great idea for a business or product, but dont have 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.

Buy 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 rewarding 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 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 somewhere else Watch someones house and pets while theyre on vacation for a little extra money.

Start a YouTube channel. Even though the YouTube area is competitive, theres little overhead cost to begin. In case youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.

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License your own 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 products. 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 offered.

Create website 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 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 inform Writers no longer need to await the attention of a writer to release their work. Should you advertise your book nicely (think social websites ), 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 video creators looking for high-quality sound.

Sell digital artwork files. To reduce overhead expenses 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 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 digital marketing Produce an eCourse! Are you an expert in the field of bird watching Create an eCourse! Whatever you love, theres an audience on the market.

Record a video program. Similar to e-courses, you will find 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.

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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 teachers. Its something youre doing , so why not share the knowledge

Create 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 this.

Sign up for cash back credit cards. Many credit cards offer you some type of cash back benefits, but finding one that offers the most rewards for your lifestyle is the secret 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 have to do is push aroundwhich youre probably doing anyway!

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

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

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