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Start home or pet sitting. This one is a kind of hybrid vehicle 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 home and pets while theyre on vacation for a little extra money.

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

License your own photos. If you have 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 photos.

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

Publish an ebook. Do you have a story youre itching to tell Writers no longer need to await the attention of a publisher to release their job. Should you advertise your book well (think social media), self-publishing an ebook will earn you plenty of residual sales.

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 expenses and minimize supply chain logistics, design a piece of artwork or photography and offer 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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Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital marketing Create an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Whatever you love, theres an audience out there.

Record a video program. Very similar to e-courses, you will find endless options for video course subjects. Video as a medium delivers 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 by simply selling your lesson plans online to additional educators. Its something youre doing , so why not talk about the knowledge

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Create an online guide. If youre an expert in your field 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 offers the most rewards for your lifestyle is the key to maximizing your return.

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Advertise on your car. Some companies will pay money for advertisement space on your car. All you need to do is drive aroundwhich youre probably doing anyway!

Participate 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 which needs little to no effort.

Rent a room in your home. If you presently have an extra space in your house, rent it out. You can make additional money with only some simple hospitality.

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

Rent your stuff. Do you have random Learn More Here equipment filling your garage that you seldom use Rent it out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time usage for the majority of people. Youll make some money and other people will be able to use your resources to get a fraction of the cost of buying them Continue outright. .

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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 that 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.