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License a business thought. If you have a great idea for a business or product, but dont have enough time to start it yourself, consider licensing which 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 of those vending machines, but the vending machine business can be a rewarding passive income source! Once you find the appropriate place, hire someone to restock the machines to you and youve got your own business going. .

Start home or pet sitting. This one is a kind 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 house and pets while theyre on vacation for a little additional cash.

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

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License your own photos. When you have 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 products. Create fun and trendy graphics for e-commerce sites like Zazzle or even CafePress to put on all sorts 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 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 files like icons or templates of all kinds.

Publish an ebook. Have you got a story youre itching to tell Writers no longer have to await 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 sales.

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

Sell digital artwork files. To lower 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 homes on a budget and would 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 Produce an eCourse! Whatever 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 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 make a passive income by simply selling your lesson plans online to additional educators. Its something youre doing , so why not talk about the knowledge

Create 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 for this.

Sign up for cash back credit cards. Many credit cards offer some sort of money 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 car. All you need to do is drive aroundwhich youre probably Learn More doing anyway!

Engage in research studies. Get paid to allow researchers track anything from the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great 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 cash back sites. Shopping through websites that offer cash back benefits can be as effective as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.